Retirement plan

SANTIAGO'S LAFAYETTE LLC 401(K) SAFE HARBOR PLAN

Name: SANTIAGO'S II MEXICAN RESTAURANT - SANTIAGO'S LAFAYETTE LLC 401(K) SAFE HARBOR PLAN (2018) Form 5500
Creator: SANTIAGO'S II MEXICAN RESTAURANT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANTIAGO'S LAFAYETTE LLC 401(K) SAFE HARBOR PLAN, SANTIAGO'S II MEXICAN RESTAURANT

SANTIAGO'S II MEXICAN RESTAURANTEIN 26-1669809Plan #001PY 2018

100 N PUBLIC RD - LAFAYETTE, CO 800262356303-604-0715LinkedIn1-10 employeesrestaurants

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$670K

-6.6% from 2017

Total participants

-25.0% from 2017

Average account balance

$335,246

+40.1% from 2017

Annual return

-9.99%

-26.73 pp from 2017

Benchmarks

See 7,241 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort7,241 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.64M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$27K

$9083 / participant

Other / not subdivided$27K100.0%

% of EOY assets

4.064%

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

$335,246

$104,116+222.0%

$71,089+371.6%

$135,380+147.6%

Participation rate

66.7%

65.7%+1.0pp

54.6%+12.0pp

82.6%-16.0pp

Annual return

-9.99%

1256.51%-1266.5pp

650.65%-660.6pp

519.81%-529.8pp

Employer contribution / active EE

$7,793

$1,485+424.8%

$1,088+616.4%

$4,779+63.1%

Participant deferral / active EE

$9,134

$2,524+261.9%

$1,873+387.8%

$5,609+62.9%

Admin fee / account holder

$13,624

$4,142+228.9%

$3,082+342.0%

$10,828+25.8%

SANTIAGO'S LAFAYETTE LLC 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANTIAGO'S LAFAYETTE LLC 401(K) SAFE HARBOR 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