Retirement plan

LONG ISLAND ROCK MUSIC GROUP, LLC 401(K) PLAN

Name: LONG ISLAND ROCK MUSIC GROUP, LLC - LONG ISLAND ROCK MUSIC GROUP, LLC 401(K) PLAN (2021) Form 5500
Creator: LONG ISLAND ROCK MUSIC GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LONG ISLAND ROCK MUSIC GROUP, LLC 401(K) PLAN, LONG ISLAND ROCK MUSIC GROUP, LLC

LONG ISLAND ROCK MUSIC GROUP, LLCEIN 27-4278902Plan #001PY 2021

4 VALLEY PATH - SAINT JAMES, NY 117804014631-476-7625

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$578K

+31.8% from 2020

Total participants

+88.9% from 2020

Average account balance

$57,826

+5.4% from 2020

Annual return

20.11%

+0.23 pp from 2020

Benchmarks

See 6,468 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,468 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$721K

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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 codes2E2F2G2J3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$57,826

$84,741-31.8%

$75,731-23.6%

$167,553-65.5%

Participation rate

56.3%

77.8%-21.6pp

74.8%-18.6pp

82.1%-25.9pp

Annual return

20.11%

199.72%-179.6pp

104.65%-84.5pp

478.89%-458.8pp

Employer contribution / active EE

$515

$3,230-84.1%

$2,743-81.2%

$4,840-89.4%

Participant deferral / active EE

$2,691

$4,577-41.2%

$3,820-29.5%

$6,343-57.6%

Admin fee / account holder

$5,361-100.0%

$3,620-100.0%

$12,316-100.0%

LONG ISLAND ROCK MUSIC GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LONG ISLAND ROCK MUSIC GROUP, LLC 401(K) 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