Retirement plan

THE THIRD FLOOR, INC. 401(K) PLAN

Name: THE THIRD FLOOR, INC. - THE THIRD FLOOR, INC. 401(K) PLAN (2023) Form 5500
Creator: THE THIRD FLOOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE THIRD FLOOR, INC. 401(K) PLAN, THE THIRD FLOOR, INC.

THE THIRD FLOOR, INC.EIN 20-1755197Plan #001PY 2023

5700 WILSHIRE BLVD., SUITE 650 - LOS ANGELES, CA 90036323-931-6633thethirdfloorinc.comLinkedIn201-500 employeesentertainment

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.4M

+40.4% from 2022

Total participants

253

+4.1% from 2022

Average account balance

$62,957

+60.2% from 2022

Annual return

23.92%

+41.48 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.51M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$82K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

190

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

69.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$532

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS, INC. Service code 16 · EIN 82-3719843	Consulting	$39,600
MONARCH PLAN ADVISORS3 years Service code 27 · EIN 46-3919960	Advisory (Plan)	$34,495
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786 OPERATIONS COMPANY, LLC · KANSAS CITY, MO 64121	Loan Processing	$34,438
JONES & MALHOTRA1 year Service code 10 · EIN 95-4668647	Accounting	$10,000
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,549

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$90K

$439 / participant

Recordkeeping$34K38.1%
Investment mgmt$42K46.5%
Other / not subdivided$14K15.4%

% of EOY assets

0.674%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JONES & MALHOTRA, CPA'S
Auditor EIN: 954668647
Audit fees: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,957

$91,439-31.1%

$135,974-53.7%

$71,511-12.0%

Participation rate

80.6%

75.7%+4.9pp

81.9%-1.3pp

67.9%+12.6pp

Annual return

23.92%

29.90%-6.0pp

68.30%-44.4pp

28.86%-4.9pp

Employer contribution / active EE

$1,644

$3,705-55.6%

$4,859-66.2%

$2,589-36.5%

Participant deferral / active EE

$6,813

$7,093-4.0%

$7,760-12.2%

$4,291+58.8%

Admin fee / account holder

$425

$1,267-66.5%

$10,767-96.1%

$1,588-73.3%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS, INC.

Service code 16 · EIN 82-3719843

Consulting

$39,600

MONARCH PLAN ADVISORS3 years

Service code 27 · EIN 46-3919960

Advisory (Plan)

$34,495

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

OPERATIONS COMPANY, LLC · KANSAS CITY, MO 64121

Loan Processing

$34,438

JONES & MALHOTRA1 year

Service code 10 · EIN 95-4668647

Accounting

$10,000

STRATEGIC ADVISORS, INC.6 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,549

THE THIRD FLOOR, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE THIRD FLOOR, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion