Retirement plan

NATIONAL EQUITY FUNDING, INC. 401(K) PROFIT SHARING PLAN

Name: NATIONAL EQUITY FUNDING, INC. - NATIONAL EQUITY FUNDING, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: NATIONAL EQUITY FUNDING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL EQUITY FUNDING, INC. 401(K) PROFIT SHARING PLAN, NATIONAL EQUITY FUNDING, INC.

NATIONAL EQUITY FUNDING, INC.EIN 26-4826969Plan #002PY 2023

P.O. BOX 51182 - IRVINE, CA 92619949-387-1438linkedin.com/in/colleenbradyLinkedIn1-10 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$734K assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$571K

+29.9% from 2022

Total participants

0.0% from 2022

Average account balance

$285,473

+29.9% from 2022

Annual return

11.81%

+26.80 pp from 2022

Benchmarks

See 36,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,180 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$654K

Not enough data

1 years with asset history on file

Average account balance

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

$327K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+9.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4319

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 codes2E2G2J

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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$285,473

$185,856+53.6%

$170,028+67.9%

$139,456+104.7%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

11.81%

60.52%-48.7pp

53.39%-41.6pp

373.45%-361.6pp

Employer contribution / active EE

$24,730

$7,593+225.7%

$6,788+264.3%

$4,753+420.3%

Participant deferral / active EE

$15,000

$11,623+29.0%

$10,409+44.1%

$6,711+123.5%

Admin fee / account holder

$15,387-100.0%

$12,820-100.0%

$11,407-100.0%

NATIONAL EQUITY FUNDING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NATIONAL EQUITY FUNDING, INC. 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