Retirement plan

RESTAURANT MANAGEMENT, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: RESTAURANT MANAGEMENT, INC. - RESTAURANT MANAGEMENT, INC. EMPLOYEES' PROFIT SHARING PLAN (2021) Form 5500
Creator: RESTAURANT MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESTAURANT MANAGEMENT, INC. EMPLOYEES' PROFIT SHARING PLAN, RESTAURANT MANAGEMENT, INC.

RESTAURANT MANAGEMENT, INC.EIN 34-0968162Plan #001PY 2021

4000 SMITH ROAD, SUITE 400 - CINCINNATI, OH 45209513-362-1208

Prospect flagsHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.3M

+11.4% from 2020

Total participants

451

+20.9% from 2020

Average account balance

$44,792

+5.8% from 2020

Annual return

12.47%

-0.92 pp from 2020

Benchmarks

See 712 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort712 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.99M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

124

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.

18.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$330K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$657

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

+13.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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 1 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 64 · EIN 82-4555287	Recordkeeping Fees	$445

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$445

$1 / participant

Other / not subdivided$445100.0%

% of EOY assets

0.008%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCM CPA & ADVISORS LLP
Auditor EIN: 271235638
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,792

$30,555+46.6%

$80,741-44.5%

$86,813-48.4%

Participation rate

20.8%

37.2%-16.5pp

54.2%-33.4pp

72.3%-51.5pp

Annual return

12.47%

30.35%-17.9pp

87.30%-74.8pp

97.93%-85.5pp

Employer contribution / active EE

$152

$472-67.8%

$1,160-86.9%

$2,406-93.7%

Participant deferral / active EE

$581

$1,050-44.7%

$2,145-72.9%

$4,131-85.9%

Admin fee / account holder

$135-97.2%

$3,380-99.9%

$170-97.8%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 64 · EIN 82-4555287

Recordkeeping Fees

$445

RESTAURANT MANAGEMENT, INC. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESTAURANT MANAGEMENT, INC. EMPLOYEES' 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