Retirement plan

ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN

Name: ZINGERMANS COMMUNITY OF BUSINESSES - ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN (2022) Form 5500
Creator: ZINGERMANS COMMUNITY OF BUSINESSES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN, ZINGERMANS COMMUNITY OF BUSINESSES

ZINGERMANS COMMUNITY OF BUSINESSESEIN 38-2409230Plan #001PY 2022

3756 PLAZA DRIVE - ANN ARBOR, MI 481081654734-668-4662

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$12.2M

-18.4% from 2021

Total participants

623

+14.3% from 2021

Average account balance

$22,213

-28.6% from 2021

Annual return

-18.33%

-31.07 pp from 2021

Benchmarks

See 1,277 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.52M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

619

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$48,683
VENTURE VISIONARY PARTNERS LLC3 years Service code 27 5520 MONROE ST STE B · SYLVANIA, OH 43560	Advisory (Plan)	$31,675
THE BENEFIT ADVANTAGE, INC.5 years Filed as: THE BENEFIT ADVANTAGE Service code 13 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Contract Administrator	$19,437
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$950

Plan features & details

Pension benefit codes2E2F2G2J2K3H3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$96K

$189 / participant

Other / not subdivided$96K100.0%

% of EOY assets

0.788%

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: BDO USA P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,213

$42,367-47.6%

$79,576-72.1%

$64,814-65.7%

Participation rate

85.0%

64.7%+20.3pp

69.5%+15.5pp

71.5%+13.5pp

Annual return

-18.33%

-12.23%-6.1pp

0.15%-18.5pp

32.84%-51.2pp

Employer contribution / active EE

$240

$1,181-79.7%

$2,413-90.1%

$2,507-90.4%

Participant deferral / active EE

$2,403

$3,170-24.2%

$3,985-39.7%

$4,310-44.2%

Admin fee / account holder

$175

$160+9.6%

$6,834-97.4%

$188-6.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$48,683

VENTURE VISIONARY PARTNERS LLC3 years

Service code 27

5520 MONROE ST STE B · SYLVANIA, OH 43560

Advisory (Plan)

$31,675

THE BENEFIT ADVANTAGE, INC.5 years

Filed as: THE BENEFIT ADVANTAGE

Service code 13

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Contract Administrator

$19,437

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$950

ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K 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