Retirement plan

TERRI & SANDY SOLUTION PROFIT SHARING PLAN

Name: THE TERRI & SANDY SOLUTION , LLC - TERRI & SANDY SOLUTION PROFIT SHARING PLAN (2022) Form 5500
Creator: THE TERRI & SANDY SOLUTION , LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TERRI & SANDY SOLUTION PROFIT SHARING PLAN, THE TERRI & SANDY SOLUTION , LLC

THE TERRI & SANDY SOLUTION , LLCEIN 27-1803918Plan #002PY 2022

140 NASSAU ST. APT 4B - NEW YORK, NY 10038212-227-1027terrisandysolution.comLinkedIn11-50 employeesmarketing and advertising

Other plans on this EIN

1 filing

#001Retirement-$5.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+10.4% from 2021

Total participants

+4.7% from 2021

Average account balance

$30,253

+5.4% from 2021

Annual return

-10.93%

-28.18 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.96M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

334.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$401K

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

+4.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1123

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 codes2D2E2J3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
2E
Profit-sharing
Profit-sharing plan.
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.
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

$71K

$1361 / participant

Other / not subdivided$71K100.0%

% of EOY assets

2.628%

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

$30,253

$82,674-63.4%

$125,381-75.9%

$68,486-55.8%

Participation rate

100.0%

75.1%+24.9pp

82.4%+17.6pp

67.9%+32.1pp

Annual return

-10.93%

-5.97%-5.0pp

572.31%-583.2pp

-7.85%-3.1pp

Employer contribution / active EE

$7,835

$3,382+131.7%

$4,815+62.7%

$2,597+201.7%

Participant deferral / active EE

$3,518

$6,111-42.4%

$7,448-52.8%

$4,028-12.6%

Admin fee / account holder

$795

$6,277-87.3%

$10,007-92.1%

$5,404-85.3%

TERRI & SANDY SOLUTION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TERRI & SANDY SOLUTION 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