Retirement plan

BANNER ELK CAFE & LODGE, INC. 401(K) PROFIT SHARING PLAN

Name: BANNER ELK CAFE & LODGE, INC. - BANNER ELK CAFE & LODGE, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BANNER ELK CAFE & LODGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANNER ELK CAFE & LODGE, INC. 401(K) PROFIT SHARING PLAN, BANNER ELK CAFE & LODGE, INC.

BANNER ELK CAFE & LODGE, INC.EIN 41-2079425Plan #001PY 2023

116 ROCK SPRING CIR - BANNER ELK, NC 28604828-898-4040bannerelkcafe.comLinkedIn11-50 employeescivic & social organization

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$273K

+158.6% from 2022

Total participants

-3.0% from 2022

Average account balance

$16,067

+82.5% from 2022

Annual return

17.61%

+17.61 pp from 2022

Benchmarks

See 6,170 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,170 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$448K

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

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.

68.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$142K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$383

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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

$4K

$119 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.392%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,067

$27,936-42.5%

$58,561-72.6%

$75,173-78.6%

Participation rate

53.1%

38.8%+14.3pp

50.9%+2.3pp

67.2%-14.1pp

Annual return

17.61%

44.21%-26.6pp

4251.33%-4233.7pp

160.72%-143.1pp

Employer contribution / active EE

$726

$670+8.5%

$1,053-31.1%

$2,671-72.8%

Participant deferral / active EE

$3,927

$1,202+226.8%

$1,923+104.2%

$4,126-4.8%

Admin fee / account holder

$224

$1,727-87.1%

$2,520-91.1%

$5,651-96.0%

BANNER ELK CAFE & LODGE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANNER ELK CAFE & LODGE, INC. 401(K) PROFIT SHARING 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