Retirement plan

TROPICAL SMOOTHIE CAFE, LLC 401(K) PLAN

Name: TROPICAL SMOOTHIE CAFE, LLC - TROPICAL SMOOTHIE CAFE, LLC 401(K) PLAN (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.5M

+32.8% from 2022

Total participants

150

+7.1% from 2022

Average account balance

$71,972

+40.7% from 2022

Annual return

21.64%

+35.35 pp from 2022

Benchmarks

See 1,291 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,291 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
ERISA SERVICES, INC.1 year Filed as: ERISA SERVICES INC Service code 13 PO BOX 24628 · KNOXVILLE, TN 37933	Contract Administrator	$20,528
PENSIONMARK FINANCIAL GROUP LLC4+ years Service code 27 · EIN 61-1758632 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$14,755
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,068
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA LIFE INS, CO Service code 15 · EIN 39-0989781	Recordkeeping	$905
EPIC RETIREMENT PLAN SERVICES4+ years Filed as: RETIREMENT PLAN ADMINISTRATORS, LLC Service code 15 · EIN 58-2365498	Recordkeeping	$850

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$29K

$233 / participant

Contract admin$29K100.0%

% of EOY assets

0.346%

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

$71,972

$27,800+158.9%

$58,561+22.9%

$71,511+0.6%

Participation rate

74.6%

34.6%+40.0pp

50.9%+23.7pp

67.9%+6.7pp

Annual return

21.64%

26.80%-5.2pp

4251.33%-4229.7pp

28.86%-7.2pp

Employer contribution / active EE

$4,062

$632+543.2%

$1,053+285.6%

$2,589+56.9%

Participant deferral / active EE

$8,917

$1,208+638.1%

$1,923+363.7%

$4,291+107.8%

Admin fee / account holder

$249

$1,637-84.8%

$2,520-90.1%

$1,588-84.3%

Provider

Service type

Compensation

ERISA SERVICES, INC.1 year

Filed as: ERISA SERVICES INC

Service code 13

PO BOX 24628 · KNOXVILLE, TN 37933

Contract Administrator

$20,528

PENSIONMARK FINANCIAL GROUP LLC4+ years

Service code 27 · EIN 61-1758632

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

Advisory (Plan)

$14,755

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,068

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA LIFE INS, CO

Service code 15 · EIN 39-0989781

Recordkeeping

$905

EPIC RETIREMENT PLAN SERVICES4+ years

Filed as: RETIREMENT PLAN ADMINISTRATORS, LLC

Service code 15 · EIN 58-2365498

Recordkeeping

$850

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