Retirement plan

MOMO HOLDINGS LLC 401(K) PLAN

Name: MOMO HOLDINGS LLC - MOMO HOLDINGS LLC 401(K) PLAN (2023) Form 5500
Creator: MOMO HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOMO HOLDINGS LLC 401(K) PLAN, MOMO HOLDINGS LLC

MOMO HOLDINGS LLCEIN 26-2214675Plan #001PY 2023

168 CANAL STREET, SUITE 300 - NEW YORK, NY 10013212-228-0031

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.4M

+53.6% from 2022

Total participants

382

+10.7% from 2022

Average account balance

$22,651

+33.4% from 2022

Annual return

22.02%

+39.49 pp from 2022

Benchmarks

See 909 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort909 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.29M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

164

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.

24.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$965K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: ALLIANT INSURANCE SERVICES INC. Service code 99	Other Fees	$7,151
ALLIANCE PENSION CONSULTANTS, LLC5+ years Filed as: ALLIANT RETIREMENT CONSULTING Service code 49 · EIN 33-0785439	Other Services	$0

Plan features & details

Pension benefit codes2F2G2J2T3B3D3H

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

$7K

$23 / participant

Contract admin$7K99.3%
Other / not subdivided$500.7%

% of EOY assets

0.195%

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 + JOHNSON CPAS
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,651

$26,137-13.3%

$58,561-61.3%

$74,460-69.6%

Participation rate

22.6%

32.2%-9.6pp

50.9%-28.3pp

70.7%-48.2pp

Annual return

22.02%

32.53%-10.5pp

4251.33%-4229.3pp

34.38%-12.4pp

Employer contribution / active EE

$967

$537+80.2%

$1,053-8.2%

$2,638-63.3%

Participant deferral / active EE

$2,095

$1,076+94.7%

$1,923+8.9%

$4,530-53.8%

Admin fee / account holder

$44

$648-93.2%

$2,520-98.2%

$348-87.3%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: ALLIANT INSURANCE SERVICES INC.

Service code 99

Other Fees

$7,151

ALLIANCE PENSION CONSULTANTS, LLC5+ years

Filed as: ALLIANT RETIREMENT CONSULTING

Service code 49 · EIN 33-0785439

Other Services

MOMO HOLDINGS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOMO HOLDINGS 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