Retirement plan

FROSTY MANAGEMENT CORPORATION PROFIT SHARING PLAN

Name: FROSTY MANAGEMENT CORPORATION - FROSTY MANAGEMENT CORPORATION PROFIT SHARING PLAN (2020) Form 5500
Creator: FROSTY MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FROSTY MANAGEMENT CORPORATION PROFIT SHARING PLAN, FROSTY MANAGEMENT CORPORATION

FROSTY MANAGEMENT CORPORATIONEIN 35-1430431Plan #001PY 2020

P.O. BOX 4338 - LAFAYETTE, IN 479034338765-448-4633yelp.com/biz/frosty-management-corp-lafayetteLinkedIn1-10 employeesrestaurants

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.6M

+17.8% from 2019

Total participants

139

+27.5% from 2019

Average account balance

$34,670

+2.3% from 2019

Annual return

11.88%

-7.99 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.75M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

53.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$237K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1818

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
BANKER INVESTMENT GROUP1 year Service code 26 · EIN 35-2039960 1231 CUMBERLAND AVE · WEST LAFAYETTE, IN 47906	Advisory (Participants)	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES INC Service code 26 · EIN 95-2755361 1299 OCEAN AVE · SANTA MONICA, CA 90401	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$31K

$246 / participant

Investment mgmt$9K28.8%
Contract admin$14K46.2%
Other / not subdivided$8K25.1%

% of EOY assets

1.166%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: REED & COMPANY, P.C.
Auditor EIN: 351583146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,670

$35,986-3.7%

$77,513-55.3%

$73,493-52.8%

Participation rate

49.6%

40.8%+8.8pp

54.2%-4.6pp

70.7%-21.1pp

Annual return

11.88%

19.26%-7.4pp

54.81%-42.9pp

28.51%-16.6pp

Employer contribution / active EE

$320

$557-42.6%

$987-67.6%

$2,270-85.9%

Participant deferral / active EE

$1,015

$1,198-15.3%

$1,861-45.5%

$3,740-72.9%

Admin fee / account holder

$404

$466-13.2%

$2,859-85.9%

$513-21.2%

Provider

Service type

Compensation

BANKER INVESTMENT GROUP1 year

Service code 26 · EIN 35-2039960

1231 CUMBERLAND AVE · WEST LAFAYETTE, IN 47906

Advisory (Participants)

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES INC

Service code 26 · EIN 95-2755361

1299 OCEAN AVE · SANTA MONICA, CA 90401

Advisory (Participants)

FROSTY MANAGEMENT CORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FROSTY MANAGEMENT CORPORATION 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