Retirement plan

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN

Name: STONY BROOK BUSINESS VENTURES, LLC - STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN (2023) 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 2023

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)

$71.9M

+29.4% from 2022

Total participants

1,598

+25.0% from 2022

Average account balance

$54,667

+13.3% from 2022

Annual return

17.32%

+34.28 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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 INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$71,571
UBS FINANCIAL SERVICES INC9+ years Service code 27 · EIN 13-2638166	Advisory (Plan)	$50,000
GETTRY MARCUS CPA, P.C.3 years Service code 10 · EIN 13-3418879	Accounting	$11,250

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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

$133K

$101 / participant

Recordkeeping$72K53.9%
Investment mgmt$50K37.6%
Other / not subdivided$11K8.5%

% of EOY assets

0.185%

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: $11,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,667

$50,151+9.0%

$149,717-63.5%

$80,149-31.8%

Participation rate

78.5%

64.3%+14.2pp

78.8%-0.3pp

72.9%+5.6pp

Annual return

17.32%

29.80%-12.5pp

134.41%-117.1pp

40.39%-23.1pp

Employer contribution / active EE

$2,832

$1,867+51.7%

$4,820-41.2%

$2,977-4.9%

Participant deferral / active EE

$4,231

$3,194+32.5%

$5,682-25.5%

$5,015-15.6%

Admin fee / account holder

$101

$153-33.9%

$13,213-99.2%

$145-30.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$71,571

UBS FINANCIAL SERVICES INC9+ years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$50,000

GETTRY MARCUS CPA, P.C.3 years

Service code 10 · EIN 13-3418879

Accounting

$11,250

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