Retirement plan

SALVATORE PROPERTIES, LLC PROFIT SHARING AND 401(K) PLAN

Name: SALVATORE PROPERTIES, LLC - SALVATORE PROPERTIES, LLC PROFIT SHARING AND 401(K) PLAN (2021) Form 5500
Creator: SALVATORE PROPERTIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALVATORE PROPERTIES, LLC PROFIT SHARING AND 401(K) PLAN, SALVATORE PROPERTIES, LLC

SALVATORE PROPERTIES, LLCEIN 26-3154235Plan #001PY 2021

6675 TRANSIT ROAD - WILLIAMSVILLE, NY 14221716-636-4900LinkedIn51-200 employeeshospitality

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.1M

+42.3% from 2020

Total participants

118

-6.3% from 2020

Average account balance

$10,169

+60.1% from 2020

Annual return

13.98%

+3.68 pp from 2020

Benchmarks

See 3,927 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,927 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

105.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$175K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1264

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

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081	Recordkeeping	$9,036

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$12K

$167 / participant

Investment mgmt$3K24.6%
Other / not subdivided$9K75.4%

% of EOY assets

1.053%

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: JEFFREY L. OFFHAUS CPA, LLC
Auditor EIN: 202368569
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,169

$39,036-73.9%

$80,784-87.4%

$85,851-88.2%

Participation rate

91.7%

41.6%+50.1pp

54.2%+37.5pp

69.3%+22.3pp

Annual return

13.98%

26.31%-12.3pp

87.31%-73.3pp

318.63%-304.7pp

Employer contribution / active EE

$962

$722+33.2%

$1,160-17.1%

$2,565-62.5%

Participant deferral / active EE

$1,628

$1,326+22.8%

$2,145-24.1%

$3,952-58.8%

Admin fee / account holder

$107

$2,429-95.6%

$3,380-96.8%

$6,261-98.3%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Service code 15 · EIN 45-6062081

Recordkeeping

$9,036

SALVATORE PROPERTIES, LLC PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALVATORE PROPERTIES, LLC PROFIT SHARING AND 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