Retirement plan

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN

Name: STONY BROOK BUSINESS VENTURES, LLC - STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN (2024) Form 5500
Creator: STONY BROOK BUSINESS VENTURES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN, STONY BROOK BUSINESS VENTURES, LLC

STONY BROOK BUSINESS VENTURES, LLCEIN 27-3466435Plan #001PY 2024

500 COMMACK ROAD, SUITE 206 - COMMACK, NY 11725631-615-8264sbbusinessventures.orgLinkedIn201-500 employees

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$83.4M

+15.9% from 2023

Total participants

2,668

+67.0% from 2023

Average account balance

$38,176

-30.2% from 2023

Annual return

13.27%

-4.05 pp from 2023

Benchmarks

See 1,429 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,429 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.38M

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.

2,184

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.

79.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$94,283
UBS FINANCIAL SERVICES INC10+ years Service code 27 · EIN 13-2638166	Advisory (Plan)	$50,000
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN & COMPANY, LLP Service code 10 · EIN 22-2428965	Accounting	$11,813

Plan features & details

Pension benefit codes2E2F2G2J2T3F3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$156K

$66 / participant

Recordkeeping$94K60.4%
Investment mgmt$50K32.0%
Other / not subdivided$12K7.6%

% of EOY assets

0.187%

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: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: $11,813
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,176

$53,204-28.2%

$155,556-75.5%

$200,096-80.9%

Participation rate

79.5%

64.1%+15.4pp

78.2%+1.3pp

72.0%+7.5pp

Annual return

13.27%

41.02%-27.8pp

64.84%-51.6pp

34.26%-21.0pp

Employer contribution / active EE

$1,522

$1,850-17.7%

$4,675-67.4%

$3,038-49.9%

Participant deferral / active EE

$2,625

$3,163-17.0%

$5,631-53.4%

$5,090-48.4%

Admin fee / account holder

$71

$186-61.5%

$15,885-99.6%

$269-73.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$94,283

UBS FINANCIAL SERVICES INC10+ years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$50,000

CITRIN COOPERMAN1 year

Filed as: CITRIN COOPERMAN & COMPANY, LLP

Service code 10 · EIN 22-2428965

Accounting

$11,813

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STONY BROOK BUSINESS VENTURES, LLC 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