Retirement plan

7 MILE PUBLISHING & CREATIVE, LLC 401(K) PLAN

Name: 7 MILE PUBLISHING & CREATIVE, LLC - 7 MILE PUBLISHING & CREATIVE, LLC 401(K) PLAN (2020) Form 5500
Creator: 7 MILE PUBLISHING & CREATIVE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 7 MILE PUBLISHING & CREATIVE, LLC 401(K) PLAN, 7 MILE PUBLISHING & CREATIVE, LLC

7 MILE PUBLISHING & CREATIVE, LLCEIN 20-4467414Plan #001PY 2020

355 24TH STREET - AVALON, NJ 08202609-602-12347milepub.comLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$278K

+18.9% from 2019

Total participants

0.0% from 2019

Average account balance

$30,837

+32.2% from 2019

Annual return

13.95%

+6.47 pp from 2019

Benchmarks

See 22,200 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,200 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$426K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7605

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 codes2E2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$42K

$4665 / participant

Other / not subdivided$42K100.0%

% of EOY assets

15.128%

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

$30,837

$162,785-81.1%

$133,959-77.0%

$158,950-80.6%

Participation rate

88.9%

83.2%+5.7pp

79.8%+9.0pp

82.0%+6.9pp

Annual return

13.95%

41.94%-28.0pp

45.09%-31.1pp

302.91%-289.0pp

Employer contribution / active EE

$1,190

$4,975-76.1%

$3,919-69.6%

$4,762-75.0%

Participant deferral / active EE

$4,435

$5,910-25.0%

$5,047-12.1%

$5,983-25.9%

Admin fee / account holder

$4,665

$11,738-60.3%

$8,928-47.7%

$11,248-58.5%

7 MILE PUBLISHING & CREATIVE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

7 MILE PUBLISHING & CREATIVE, LLC 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