Retirement plan

COSTA VIDA 401(K) PLAN

Name: CV HOLDINGS LC - COSTA VIDA 401(K) PLAN (2022) Form 5500
Creator: CV HOLDINGS LC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COSTA VIDA 401(K) PLAN, CV HOLDINGS LC

CV HOLDINGS LCEIN 26-3216902Plan #001PY 2022

3451 TRIUMPH BLVD, #105 - LEHI, UT 84043801-797-2374

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+17.2% from 2021

Total participants

541

+14.6% from 2021

Average account balance

$19,457

+9.3% from 2021

Annual return

-17.00%

-37.57 pp from 2021

Benchmarks

See 788 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort788 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.14M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

103

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.

13.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7884

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
ROCK HOUSE FINANCIAL2 years Service code 26 · EIN 47-3417936	Advisory (Participants)	$16,104

Plan features & details

Pension benefit codes3D2E2J2K2F2G

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$18K

$35 / participant

Investment mgmt$16K87.1%
Contract admin$2K12.9%

% of EOY assets

1.067%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LARSON & COMPANY, PC
Auditor EIN: 870516083
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,457

$30,107-35.4%

$61,452-68.3%

$64,819-70.0%

Participation rate

13.2%

36.4%-23.1pp

52.6%-39.3pp

71.5%-58.2pp

Annual return

-17.00%

-13.99%-3.0pp

338.96%-356.0pp

32.84%-49.8pp

Employer contribution / active EE

$459

$537-14.5%

$1,160-60.4%

$2,507-81.7%

Participant deferral / active EE

$705

$1,126-37.4%

$2,125-66.8%

$4,311-83.7%

Admin fee / account holder

$208

$148+40.1%

$2,131-90.3%

$188+10.6%

Provider

Service type

Compensation

ROCK HOUSE FINANCIAL2 years

Service code 26 · EIN 47-3417936

Advisory (Participants)

$16,104

COSTA VIDA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COSTA VIDA 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