Retirement plan

CORNING MINI STORAGE, LLC 401(K) PROFIT SHARING PLAN

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

CORNING MINI STORAGE, LLCEIN 26-3463105Plan #001PY 2024

3656 STATE ROUTE 414 - CORNING, NY 148309152607-377-5166corningministorage.comLinkedIn11-50 employeeswarehousing

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$31K

+120.0% from 2023

Total participants

+33.3% from 2023

Average account balance

$7,773

+65.0% from 2023

Annual return

10.10%

+6.20 pp from 2023

Benchmarks

See 1,615 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,615 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31K

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$7,773

$123,412-93.7%

$69,460-88.8%

$145,978-94.7%

Participation rate

100.0%

69.2%+30.8pp

66.4%+33.6pp

80.3%+19.7pp

Annual return

10.10%

191.25%-181.2pp

100.80%-90.7pp

550.52%-540.4pp

Employer contribution / active EE

$3,745

$2,684+39.6%

$1,714+118.5%

$4,662-19.7%

Participant deferral / active EE

$1,432

$4,240-66.2%

$2,890-50.5%

$6,690-78.6%

Admin fee / account holder

$7,816-100.0%

$4,695-100.0%

$13,400-100.0%

CORNING MINI STORAGE, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CORNING MINI STORAGE, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion