Retirement plan

SWEET MARIAS COFFEE, INC. 401(K) PROFIT SHARING PLAN

Name: SWEET MARIAS COFFEE, INC. - SWEET MARIAS COFFEE, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SWEET MARIAS COFFEE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWEET MARIAS COFFEE, INC. 401(K) PROFIT SHARING PLAN, SWEET MARIAS COFFEE, INC.

SWEET MARIAS COFFEE, INC.EIN 31-1656254Plan #001PY 2023

2823 ADELINE STREET - OAKLAND, CA 94608510-628-0992sweetmarias.comLinkedIn11-50 employeesretail

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.4M

+13.3% from 2022

Total participants

+16.7% from 2022

Average account balance

$227,629

+20.8% from 2022

Annual return

16.38%

+38.74 pp from 2022

Benchmarks

See 22,163 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,163 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.54M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 codes2E2F2J2T3D

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).
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$267K

$19081 / participant

Other / not subdivided$267K100.0%

% of EOY assets

7.824%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$227,629

$102,663+121.7%

$86,216+164.0%

$139,466+63.2%

Participation rate

57.1%

74.5%-17.4pp

69.0%-11.8pp

80.3%-23.2pp

Annual return

16.38%

1924.52%-1908.1pp

1169.42%-1153.0pp

373.66%-357.3pp

Employer contribution / active EE

$6,873

$3,035+126.5%

$2,382+188.6%

$4,754+44.6%

Participant deferral / active EE

$4,446

$4,677-5.0%

$3,986+11.5%

$6,712-33.8%

Admin fee / account holder

$17,809

$8,663+105.6%

$6,853+159.9%

$11,409+56.1%

SWEET MARIAS COFFEE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWEET MARIAS COFFEE, INC. 401(K) PROFIT SHARING 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