Retirement plan

COLECTIVO COFFEE ROASTERS, INC. RETIREMENT PLAN

Name: COLECTIVO COFFEE ROASTERS, INC. - COLECTIVO COFFEE ROASTERS, INC. RETIREMENT PLAN (2023) Form 5500
Creator: COLECTIVO COFFEE ROASTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLECTIVO COFFEE ROASTERS, INC. RETIREMENT PLAN, COLECTIVO COFFEE ROASTERS, INC.

COLECTIVO COFFEE ROASTERS, INC.EIN 39-1779155Plan #001PY 2023

2999 N. HUMBOLDT BLVD. - MILWAUKEE, WI 53212414-273-3747LinkedIn1-10 employeesrestaurants

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.3M

+18.5% from 2022

Total participants

294

+17.1% from 2022

Average account balance

$80,023

+16.8% from 2022

Annual return

17.84%

+36.18 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

$10.86M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

146

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$709K

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

+13.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$382

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
COMMERCE BANK2 years Filed as: COMMERCE BANK FINANCIAL INSTITUTION Service code 26 7650 EDINBOROUGH WAY · EDINA, MN 55435	Advisory (Participants)	$19,429
NEWPORT GROUP, INC.6 years Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping and ...	$8,041
WEALTH ENHANCEMENT ADVISORY SE2 years Filed as: WEALTH ENHANCEMENT ADVISORY Service code 26 505 HIGHWAY 169 N · PLYMOUTH, MN 554414723	Advisory (Participants)	$6,489

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$166 / participant

Recordkeeping$2K5.2%
Trustee / custodial$4K11.6%
Investment mgmt$26K67.4%
Contract admin$6K15.7%

% of EOY assets

0.341%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VRAKAS, S.C.
Auditor EIN: 391453055
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,023

$27,800+187.8%

$58,561+36.6%

$71,511+11.9%

Participation rate

34.1%

34.6%-0.5pp

50.9%-16.8pp

67.9%-33.9pp

Annual return

17.84%

26.80%-9.0pp

4251.33%-4233.5pp

28.86%-11.0pp

Employer contribution / active EE

$781

$632+23.7%

$1,053-25.8%

$2,589-69.8%

Participant deferral / active EE

$2,087

$1,208+72.7%

$1,923+8.5%

$4,291-51.4%

Admin fee / account holder

$273

$1,637-83.4%

$2,520-89.2%

$1,588-82.8%

Provider

Service type

Compensation

COMMERCE BANK2 years

Filed as: COMMERCE BANK FINANCIAL INSTITUTION

Service code 26

7650 EDINBOROUGH WAY · EDINA, MN 55435

Advisory (Participants)

$19,429

NEWPORT GROUP, INC.6 years

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping and ...

$8,041

WEALTH ENHANCEMENT ADVISORY SE2 years

Filed as: WEALTH ENHANCEMENT ADVISORY

Service code 26

505 HIGHWAY 169 N · PLYMOUTH, MN 554414723

Advisory (Participants)

$6,489

COLECTIVO COFFEE ROASTERS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLECTIVO COFFEE ROASTERS, INC. RETIREMENT 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