Retirement plan

FULL SWING GOLF 401(K) PROFIT SHARING PLAN

Name: FULL SWING GOLF - FULL SWING GOLF 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: FULL SWING GOLF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FULL SWING GOLF 401(K) PROFIT SHARING PLAN, FULL SWING GOLF

FULL SWING GOLFEIN 33-0196815Plan #002PY 2020

1905 ASTON AVENUE, SUITE 100 - CARLSBAD, CA 92008858-675-1100fullwolf.laLinkedIn1-10 employeesmedia production

Prospect flagsRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$5.5M

+26.7% from 2019

Total participants

120

-9.1% from 2019

Average account balance

$54,396

+20.5% from 2019

Annual return

23.38%

-2.75 pp from 2019

Benchmarks

See 554 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort554 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.02M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

197

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,281
ACAS, LLC2 years Service code 10 · EIN 45-5437572	Accounting	$11,346
NATIONAL BENEFIT SERVICES, LLC2 years Service code 15 · EIN 20-3886993	Recordkeeping	$7,602

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$13K

$127 / participant

Contract admin$13K100.0%

% of EOY assets

0.239%

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: TRAVELLER & COMPANY, LLC
Auditor EIN: 870668060
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,396

$53,901+0.9%

$134,162-59.5%

$73,497-26.0%

Participation rate

82.9%

62.8%+20.0pp

72.2%+10.7pp

70.7%+12.2pp

Annual return

23.38%

15.82%+7.6pp

36.35%-13.0pp

28.51%-5.1pp

Employer contribution / active EE

$913

$1,458-37.4%

$3,705-75.4%

$2,270-59.8%

Participant deferral / active EE

$4,746

$2,739+73.3%

$3,500+35.6%

$3,740+26.9%

Admin fee / account holder

$130

$581-77.6%

$6,685-98.1%

$513-74.6%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,281

ACAS, LLC2 years

Service code 10 · EIN 45-5437572

Accounting

$11,346

NATIONAL BENEFIT SERVICES, LLC2 years

Service code 15 · EIN 20-3886993

Recordkeeping

$7,602

FULL SWING GOLF 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FULL SWING GOLF 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