Retirement plan

2723 PARTNERS LP 401(K) PROFIT SHARING PLAN & TRUST

Name: 2723 PARTNERS LP - 2723 PARTNERS LP 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: 2723 PARTNERS LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 2723 PARTNERS LP 401(K) PROFIT SHARING PLAN & TRUST, 2723 PARTNERS LP

2723 PARTNERS LPEIN 27-4299809Plan #001PY 2023

1223 WILSHIRE BLVD #70 - SANTA MONICA, CA 90403818-422-3312

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$58K

+75.2% from 2022

Total participants

+21.3% from 2022

Average account balance

$4,811

+31.4% from 2022

Annual return

15.28%

+29.88 pp from 2022

Benchmarks

See 6,173 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,173 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83K

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

20.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$232

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$4,811

$27,924-82.8%

$58,544-91.8%

$75,181-93.6%

Participation rate

9.2%

38.8%-29.6pp

50.9%-41.7pp

67.2%-58.0pp

Annual return

15.28%

44.20%-28.9pp

4249.56%-4234.3pp

160.69%-145.4pp

Employer contribution / active EE

$669-100.0%

$1,053-100.0%

$2,671-100.0%

Participant deferral / active EE

$227

$1,202-81.1%

$1,923-88.2%

$4,126-94.5%

Admin fee / account holder

$1,726-100.0%

$2,520-100.0%

$5,650-100.0%

2723 PARTNERS LP 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

2723 PARTNERS LP 401(K) PROFIT SHARING PLAN & TRUST

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