Retirement plan

SUMMIT MOUNTAIN RENTALS, INC. 401(K) PROFIT SHARING PLAN

Name: SUMMIT MOUNTAIN RENTALS, INC. - SUMMIT MOUNTAIN RENTALS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SUMMIT MOUNTAIN RENTALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMMIT MOUNTAIN RENTALS, INC. 401(K) PROFIT SHARING PLAN, SUMMIT MOUNTAIN RENTALS, INC.

SUMMIT MOUNTAIN RENTALS, INC.EIN 20-4424924Plan #001PY 2021

111 SKI HILL ROAD, P.O. BOX 1618 - BRECKENRIDGE, CO 80424970-453-7370

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+17.0% from 2020

Total participants

+10.7% from 2020

Average account balance

$52,311

-8.1% from 2020

Annual return

6.89%

-8.43 pp from 2020

Benchmarks

See 17,106 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort17,106 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.95M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7253

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$1131 / participant

Other / not subdivided$27K100.0%

% of EOY assets

1.853%

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

$52,311

$227,541-77.0%

$189,544-72.4%

$167,497-68.8%

Participation rate

87.5%

82.5%+5.0pp

78.4%+9.1pp

82.1%+5.4pp

Annual return

6.89%

78.42%-71.5pp

64.18%-57.3pp

478.62%-471.7pp

Employer contribution / active EE

$1,372

$5,314-74.2%

$4,411-68.9%

$4,838-71.6%

Participant deferral / active EE

$4,854

$7,002-30.7%

$6,174-21.4%

$6,341-23.5%

Admin fee / account holder

$969

$11,879-91.8%

$9,808-90.1%

$12,310-92.1%

SUMMIT MOUNTAIN RENTALS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMMIT MOUNTAIN RENTALS, 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