Retirement plan

WORKSHOP CREATIVE, LLC 401(K) PLAN

Name: WORKSHOP CREATIVE, LLC - WORKSHOP CREATIVE, LLC 401(K) PLAN (2022) Form 5500
Creator: WORKSHOP CREATIVE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORKSHOP CREATIVE, LLC 401(K) PLAN, WORKSHOP CREATIVE, LLC

WORKSHOP CREATIVE, LLCEIN 20-8295596Plan #003PY 2022

4525 WILSHIRE BLVD, SUITE 100 - LOS ANGELES, CA 90010310-860-2100LinkedIn1-10 employeesperforming arts

Other plans on this EIN

2 filings

#002Retirement-$2.9M assets #001Retirement-$2.2M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$5M

-10.7% from 2021

Total participants

+9.1% from 2021

Average account balance

$74,728

-20.0% from 2021

Annual return

-16.18%

-31.72 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.70M

Not enough data

1 years with asset history on file

Average account balance

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

$203K

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$374K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3341

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$82K

$2473 / participant

Other / not subdivided$82K100.0%

% of EOY assets

1.630%

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

$74,728

$82,678-9.6%

$125,391-40.4%

$68,490+9.1%

Participation rate

84.8%

75.1%+9.8pp

82.4%+2.5pp

67.9%+17.0pp

Annual return

-16.18%

-5.97%-10.2pp

572.41%-588.6pp

-7.85%-8.3pp

Employer contribution / active EE

$386

$3,382-88.6%

$4,816-92.0%

$2,597-85.1%

Participant deferral / active EE

$10,781

$6,111+76.4%

$7,448+44.7%

$4,028+167.7%

Admin fee / account holder

$1,218

$6,277-80.6%

$10,009-87.8%

$5,403-77.5%

WORKSHOP CREATIVE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORKSHOP 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