Retirement plan

MURRAY'S CHEESE 401K

Name: MURRAYS CHEESE - MURRAY'S CHEESE 401K (2024) Form 5500
Creator: MURRAYS CHEESE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MURRAY'S CHEESE 401K, MURRAYS CHEESE

MURRAYS CHEESEEIN 32-0376453Plan #001PY 2024

25-19 BORDEN AVENUE - LONG ISLAND CITY, NY 11101347-846-0223

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.9M

+42.7% from 2023

Total participants

279

+5.7% from 2023

Average account balance

$32,535

+10.8% from 2023

Annual return

21.79%

-1.17 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.95M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

152

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.

46.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$866K

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

+21.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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 2 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLOL Service code 27 1250 CAPITAL OF TEXAS HWY · AUSTIN, TX 78746	Advisory (Plan)	$12,459
LINCOLN NATIONAL CORPORATION1 year Service code 13 1301 S HARRISON STREET · FORT WAYNE, IN 46801	Contract Administrator	$7,702

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.
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

$21K

$90 / participant

Recordkeeping$21K100.0%

% of EOY assets

0.433%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,535

$59,402-45.2%

$93,654-65.3%

$74,546-56.4%

Participation rate

46.9%

59.7%-12.8pp

68.7%-21.9pp

67.2%-20.3pp

Annual return

21.79%

81.86%-60.1pp

133.34%-111.6pp

1366.03%-1344.2pp

Employer contribution / active EE

$1,263

$1,265-0.1%

$2,421-47.8%

$2,624-51.9%

Participant deferral / active EE

$2,362

$3,049-22.5%

$4,413-46.5%

$4,347-45.7%

Admin fee / account holder

$141

$3,023-95.3%

$8,282-98.3%

$1,944-92.8%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLOL

Service code 27

1250 CAPITAL OF TEXAS HWY · AUSTIN, TX 78746

Advisory (Plan)

$12,459

LINCOLN NATIONAL CORPORATION1 year

Service code 13

1301 S HARRISON STREET · FORT WAYNE, IN 46801

Contract Administrator

$7,702

MURRAY'S CHEESE 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURRAY'S CHEESE 401K

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