Retirement plan

IT TAKES A VILLAGE II LLC 401K PROFIT SHARING PLAN AND TRUST

Name: IT TAKES A VILLAGE II LLC - IT TAKES A VILLAGE II LLC 401K PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: IT TAKES A VILLAGE II LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IT TAKES A VILLAGE II LLC 401K PROFIT SHARING PLAN AND TRUST, IT TAKES A VILLAGE II LLC

IT TAKES A VILLAGE II LLCEIN 22-3746771Plan #001PY 2022

486 OCEAN AVE - JERSEY CITY, NJ 07305201-985-9555LinkedIn11-50 employeesindividual & family services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$502K

-9.5% from 2021

Total participants

-16.4% from 2021

Average account balance

$19,289

-16.5% from 2021

Annual return

-13.04%

-18.47 pp from 2021

Benchmarks

See 4,253 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,253 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$724K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

25.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$232

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$107 / participant

Other / not subdivided$5K100.0%

% of EOY assets

1.043%

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

$19,289

$42,917-55.1%

$60,899-68.3%

$68,495-71.8%

Participation rate

38.8%

66.8%-28.0pp

73.1%-34.3pp

67.9%-29.1pp

Annual return

-13.04%

-13.99%+1.0pp

16.92%-30.0pp

-7.84%-5.2pp

Employer contribution / active EE

$1,979-100.0%

$2,702-100.0%

$2,596-100.0%

Participant deferral / active EE

$398

$2,867-86.1%

$3,817-89.6%

$4,028-90.1%

Admin fee / account holder

$201

$3,102-93.5%

$3,225-93.8%

$5,403-96.3%

IT TAKES A VILLAGE II LLC 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IT TAKES A VILLAGE II LLC 401K PROFIT SHARING PLAN AND TRUST

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