Retirement plan

RONY E. VARDI, INC. 401(K) PROFIT SHARING PLAN

Name: CATBIRD NYC LLC - RONY E. VARDI, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CATBIRD NYC LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RONY E. VARDI, INC. 401(K) PROFIT SHARING PLAN, CATBIRD NYC LLC

CATBIRD NYC LLCEIN 20-5172055Plan #002PY 2022

141 FLUSHING AVE., BLDG. 77, SUITE 903 - BROOKLYN, NY 11205718-599-2340catbirdnyc.comLinkedIn201-500 employeesluxury goods & jewelry

Other plans on this EIN

2 filings

#001Retirement-$505K assets #003Retirement-$505K assets

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.5M

-13.5% from 2021

Total participants

130

0.0% from 2021

Average account balance

$19,226

-13.5% from 2021

Annual return

-13.52%

-30.84 pp from 2021

Benchmarks

See 9,444 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,444 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$243

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

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

Not enough data

0 years with headcount on file

Eligible Participants and Participation

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

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 27 51 JFK PARKWAY 3RD FL · SHORT HILLS, NJ 07078	Advisory (Plan)	$27,699

Plan features & details

Pension benefit codes2A2E2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$28K

$602 / participant

Investment mgmt$28K100.0%

% of EOY assets

1.108%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUSSON & JOHNSTON CPAS
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,226

$59,819-67.9%

$79,583-75.8%

$68,490-71.9%

Participation rate

100.0%

61.1%+38.9pp

69.5%+30.5pp

67.9%+32.1pp

Annual return

-13.52%

-12.30%-1.2pp

0.16%-13.7pp

-7.85%-5.7pp

Employer contribution / active EE

$1,505-100.0%

$2,414-100.0%

$2,597-100.0%

Participant deferral / active EE

$3,025-100.0%

$3,986-100.0%

$4,028-100.0%

Admin fee / account holder

$213

$4,835-95.6%

$6,835-96.9%

$5,403-96.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 27

51 JFK PARKWAY 3RD FL · SHORT HILLS, NJ 07078

Advisory (Plan)

$27,699

RONY E. VARDI, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RONY E. VARDI, 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