Retirement plan

TNB 401(K) PLAN

Name: THE NEW BEGINNINGS, LLC - TNB 401(K) PLAN (2024) Form 5500
Creator: THE NEW BEGINNINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TNB 401(K) PLAN, THE NEW BEGINNINGS, LLC

THE NEW BEGINNINGS, LLCEIN 20-5077334Plan #001PY 2024

8908 WASHINGTON STREET NE - ALBUQUERQUE, NM 87113505-797-3359

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$465K

+796.0% from 2023

Total participants

109

+32.9% from 2023

Average account balance

$33,180

+412.0% from 2023

Annual return

411.89%

+411.89 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$31 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.725%

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

$33,180

$55,446-40.2%

$155,574-78.7%

$74,429-55.4%

Participation rate

12.8%

61.9%-49.1pp

78.2%-65.4pp

67.2%-54.4pp

Annual return

411.89%

269.20%+142.7pp

64.87%+347.0pp

1368.38%-956.5pp

Employer contribution / active EE

$454

$2,266-80.0%

$4,676-90.3%

$2,625-82.7%

Participant deferral / active EE

$1,377

$2,836-51.5%

$5,629-75.5%

$4,348-68.3%

Admin fee / account holder

$240

$1,743-86.2%

$15,914-98.5%

$1,944-87.6%

TNB 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TNB 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