Retirement plan

TROPICAL SMOOTHIE CAFE, LLC 401(K) PLAN

Name: TROPICAL SMOOTHIE CAFE, LLC - TROPICAL SMOOTHIE CAFE, LLC 401(K) PLAN (2024) Form 5500
Creator: TROPICAL SMOOTHIE CAFE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TROPICAL SMOOTHIE CAFE, LLC 401(K) PLAN, TROPICAL SMOOTHIE CAFE, LLC

TROPICAL SMOOTHIE CAFE, LLCEIN 37-1696565Plan #001PY 2024

1117 PERIMETER CENTER WEST, SUITE W200 - ATLANTA, GA 30338770-580-2373tropicalsmoothiecafe.comLinkedIn51-200 employeesrestaurants

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.4M

+22.2% from 2023

Total participants

150

0.0% from 2023

Average account balance

$89,489

+24.3% from 2023

Annual return

23.42%

+1.77 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.38M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

116

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+23.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$399

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
WORLD INVESTMENT ADVISORS LLC1 year Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$23,468
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,762
ERISA SERVICES, INC.2 years Filed as: ERISA SERVICES INC Service code 13 PO BOX 24628 · KNOXVILLE, TN 37933	Contract Administrator	$4,694

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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

1 tripped

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

$46K

$388 / participant

Contract admin$46K100.0%

% of EOY assets

0.445%

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: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,489

$30,421+194.2%

$56,077+59.6%

$74,429+20.2%

Participation rate

71.4%

32.9%+38.6pp

52.5%+18.9pp

67.2%+4.2pp

Annual return

23.42%

24.94%-1.5pp

1709.28%-1685.9pp

1368.38%-1345.0pp

Employer contribution / active EE

$4,448

$610+629.5%

$1,040+327.6%

$2,625+69.5%

Participant deferral / active EE

$9,561

$1,175+713.6%

$1,954+389.3%

$4,348+119.9%

Admin fee / account holder

$399

$2,363-83.1%

$2,825-85.9%

$1,944-79.5%

Provider

Service type

Compensation

WORLD INVESTMENT ADVISORS LLC1 year

Service code 27

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$23,468

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,762

ERISA SERVICES, INC.2 years

Filed as: ERISA SERVICES INC

Service code 13

PO BOX 24628 · KNOXVILLE, TN 37933

Contract Administrator

$4,694

TROPICAL SMOOTHIE CAFE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TROPICAL SMOOTHIE CAFE, LLC 401(K) 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