Retirement plan

CAROL BOVE STUDIO, LLC 401(K) PROFIT SHARING PLAN

Name: CAROL BOVE STUDIO, LLC - CAROL BOVE STUDIO, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CAROL BOVE STUDIO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROL BOVE STUDIO, LLC 401(K) PROFIT SHARING PLAN, CAROL BOVE STUDIO, LLC

CAROL BOVE STUDIO, LLCEIN 27-3429695Plan #002PY 2023

226 RICHARDS STREET - BROOKLYN, NY 11222718-852-2868LinkedIn1-10 employeesveterinary

Other plans on this EIN

1 filing

#001Retirement-$3.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$744K

+24.3% from 2022

Total participants

+4.8% from 2022

Average account balance

$33,832

+18.6% from 2022

Annual return

10.69%

+22.91 pp from 2022

Benchmarks

See 9,751 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort9,751 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$920K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

184.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$347

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 codes2D2E2J

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.

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

$23K

$2310 / participant

Other / not subdivided$23K100.0%

% of EOY assets

3.103%

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

$33,832

$156,963-78.4%

$121,204-72.1%

$139,466-75.7%

Participation rate

100.0%

76.5%+23.5pp

69.5%+30.5pp

80.3%+19.7pp

Annual return

10.69%

1476.75%-1466.1pp

987.18%-976.5pp

373.66%-363.0pp

Employer contribution / active EE

$9,077

$5,544+63.7%

$4,170+117.7%

$4,754+90.9%

Participant deferral / active EE

$720

$4,848-85.1%

$4,083-82.4%

$6,712-89.3%

Admin fee / account holder

$1,050

$6,953-84.9%

$5,651-81.4%

$11,409-90.8%

CAROL BOVE STUDIO, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROL BOVE STUDIO, LLC 401(K) 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