Retirement plan

TROPICAL SMOOTHIE CAFE 401(K) PLAN

Name: TROPICAL SMOOTHIE CAFE - TROPICAL SMOOTHIE CAFE 401(K) PLAN (2022) Form 5500
Creator: TROPICAL SMOOTHIE CAFE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TROPICAL SMOOTHIE CAFE 401(K) PLAN, TROPICAL SMOOTHIE CAFE

TROPICAL SMOOTHIE CAFEEIN 37-1696565Plan #001PY 2022

1117 PERIMETER CENTER WEST, SUITE W200 - ATLANTA, GA 30338770-580-2334tropicalsmoothiecafe.comLinkedIn51-200 employeesrestaurants

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.4M

+3.4% from 2021

Total participants

140

+10.2% from 2021

Average account balance

$51,151

-9.9% from 2021

Annual return

-13.71%

-31.02 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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
PENSIONMARK FINANCIAL GROUP LLC3+ years Service code 27 · EIN 61-1758632	Advisory (Plan)	$7,500
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: RETIREMENT PLAN ADMINISTRATORS, LLC Service code 15 · EIN 58-2365498	Recordkeeping	$2,150
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA LIFE INS, CO Service code 15 · EIN 39-0989781	Recordkeeping	$2,013

Plan features & details

Pension benefit codes2E2F2G2J3D

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$37 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.065%

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: JMM CPA
Auditor EIN: 472940358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,151

$26,549+92.7%

$61,452-16.8%

$66,938-23.6%

Participation rate

86.8%

38.1%+48.8pp

52.6%+34.3pp

69.8%+17.0pp

Annual return

-13.71%

-16.21%+2.5pp

338.96%-352.7pp

1.58%-15.3pp

Employer contribution / active EE

$4,259

$651+553.8%

$1,160+267.3%

$2,545+67.3%

Participant deferral / active EE

$9,244

$1,338+590.8%

$2,125+335.1%

$4,238+118.1%

Admin fee / account holder

$33

$409-91.8%

$2,131-98.4%

$594-94.4%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC3+ years

Service code 27 · EIN 61-1758632

Advisory (Plan)

$7,500

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: RETIREMENT PLAN ADMINISTRATORS, LLC

Service code 15 · EIN 58-2365498

Recordkeeping

$2,150

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA LIFE INS, CO

Service code 15 · EIN 39-0989781

Recordkeeping

$2,013

TROPICAL SMOOTHIE CAFE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TROPICAL SMOOTHIE CAFE 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