Retirement plan

MAIN STREET HOMES PARTNERSHIP, LLC 401(K) PROFIT SHARING PLAN

Name: MAIN STREET HOMES PARTNERSHIP, LLC - MAIN STREET HOMES PARTNERSHIP, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MAIN STREET HOMES PARTNERSHIP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAIN STREET HOMES PARTNERSHIP, LLC 401(K) PROFIT SHARING PLAN, MAIN STREET HOMES PARTNERSHIP, LLC

MAIN STREET HOMES PARTNERSHIP, LLCEIN 26-2764715Plan #001PY 2024

2275 STADIUM BLVD., SUITE 5 - ANN ARBOR, MI 48103734-660-0452mainstreet-homes.comLinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$850K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+31.2% from 2023

Total participants

0.0% from 2023

Average account balance

$122,492

+31.2% from 2023

Annual return

19.49%

-5.60 pp from 2023

Benchmarks

See 54,915 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,915 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.47M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$146K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+19.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1250

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 codes2E2J2F2G2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

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

$15K

$2499 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.020%

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

$122,492

$111,814+9.5%

$103,378+18.5%

$145,978-16.1%

Participation rate

83.3%

77.9%+5.4pp

74.5%+8.8pp

80.3%+3.0pp

Annual return

19.49%

24.80%-5.3pp

24.91%-5.4pp

550.52%-531.0pp

Employer contribution / active EE

$15,372

$4,215+264.7%

$3,870+297.2%

$4,662+229.8%

Participant deferral / active EE

$8,967

$5,618+59.6%

$5,058+77.3%

$6,690+34.0%

Admin fee / account holder

$1,250

$9,764-87.2%

$8,401-85.1%

$13,400-90.7%

MAIN STREET HOMES PARTNERSHIP, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAIN STREET HOMES PARTNERSHIP, LLC 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