Retirement plan

FIRST BEVERAGE MANAGER, INC. 401(K) PROFIT SHARING PLAN

Name: FIRST BEVERAGE MANAGER, INC. - FIRST BEVERAGE MANAGER, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: FIRST BEVERAGE MANAGER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST BEVERAGE MANAGER, INC. 401(K) PROFIT SHARING PLAN, FIRST BEVERAGE MANAGER, INC.

FIRST BEVERAGE MANAGER, INC.EIN 20-1939104Plan #001PY 2018

1800 AVE OF THE STARS #650 - LOS ANGELES, CA 90067310-481-5122

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$794K

-47.8% from 2017

Total participants

-8.3% from 2017

Average account balance

$41,812

-31.3% from 2017

Annual return

-4.40%

-21.40 pp from 2017

Benchmarks

See 15,190 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort15,190 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$612K

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

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.

240.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+19.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J3D

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.
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

$760K

$76044 / participant

Other / not subdivided$760K100.0%

% of EOY assets

95.722%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,812

$211,946-80.3%

$169,452-75.3%

$135,382-69.1%

Participation rate

70.0%

82.6%-12.6pp

77.8%-7.8pp

82.6%-12.6pp

Annual return

-4.40%

3.26%-7.7pp

1.83%-6.2pp

519.77%-524.2pp

Employer contribution / active EE

$1,521

$5,117-70.3%

$4,157-63.4%

$4,779-68.2%

Participant deferral / active EE

$8,039

$6,075+32.3%

$5,277+52.3%

$5,609+43.3%

Admin fee / account holder

$40,023

$11,472+248.9%

$9,110+339.3%

$10,829+269.6%

FIRST BEVERAGE MANAGER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST BEVERAGE MANAGER, INC. 401(K) PROFIT SHARING 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