Retirement plan

CAMERON MITCHELL RESTAURANTS, LLC 401(K) PLAN

Name: CAMERON MITCHELL RESTAURANTS, LLC - CAMERON MITCHELL RESTAURANTS, LLC 401(K) PLAN (2020) Form 5500
Creator: CAMERON MITCHELL RESTAURANTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAMERON MITCHELL RESTAURANTS, LLC 401(K) PLAN, CAMERON MITCHELL RESTAURANTS, LLC

CAMERON MITCHELL RESTAURANTS, LLCEIN 31-1410558Plan #001PY 2020

390 W. NATIONWIDE BOULEVARD - COLUMBUS, OH 43215614-621-3663cameronmitchell.comLinkedIn1001-5000 employeesrestaurants

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.2M

+29.0% from 2019

Total participants

2,274

-11.1% from 2019

Average account balance

$49,638

+22.7% from 2019

Annual return

22.00%

+1.72 pp from 2019

Benchmarks

See 247 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort247 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.39M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

486

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.

9.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$886

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

+17.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$45,329
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES FINANCIAL SERVIC Service code 26 PO BOX 14527 · ST. PETERSBURG, FL 33733	Advisory (Participants)	$31,283
THE PENSION DESIGN GROUP6+ years Service code 14 760 LAKEVIEW PLAZA BLVD · WORTHINGTON, OH 43085	Plan Administrator	$24,806
NATIONWIDE1 year Filed as: NATIONWIDE TRUST COMPANY Service code 26	Advisory (Participants)	$3,521

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$8 / participant

Investment mgmt$18K100.0%

% of EOY assets

0.121%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,638

$29,516+68.2%

$77,513-36.0%

$90,274-45.0%

Participation rate

11.2%

33.7%-22.5pp

54.2%-43.0pp

73.4%-62.2pp

Annual return

22.00%

231.18%-209.2pp

54.81%-32.8pp

53.97%-32.0pp

Employer contribution / active EE

$136

$381-64.3%

$987-86.2%

$2,523-94.6%

Participant deferral / active EE

$428

$944-54.6%

$1,861-77.0%

$4,231-89.9%

Admin fee / account holder

$60

$106-43.1%

$2,859-97.9%

$114-47.2%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$45,329

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES FINANCIAL SERVIC

Service code 26

PO BOX 14527 · ST. PETERSBURG, FL 33733

Advisory (Participants)

$31,283

THE PENSION DESIGN GROUP6+ years

Service code 14

760 LAKEVIEW PLAZA BLVD · WORTHINGTON, OH 43085

Plan Administrator

$24,806

NATIONWIDE1 year

Filed as: NATIONWIDE TRUST COMPANY

Service code 26

Advisory (Participants)

$3,521

CAMERON MITCHELL RESTAURANTS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAMERON MITCHELL RESTAURANTS, 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