Retirement plan

THE FITNESS EDGE 401(K) PLAN

Name: MICHAEL JAUDES FITNESS EDGE, INC. DBA THE - THE FITNESS EDGE 401(K) PLAN (2023) Form 5500
Creator: MICHAEL JAUDES FITNESS EDGE, INC. DBA THE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FITNESS EDGE 401(K) PLAN, MICHAEL JAUDES FITNESS EDGE, INC. DBA THE

MICHAEL JAUDES FITNESS EDGE, INC. DBA THEEIN 43-1495239Plan #001PY 2023

10571 OLD OLIVE STREET RD - SAINT LOUIS, MO 631415911314-993-3343LinkedIn11-50 employeesrecreational facilities and services

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$721K

+20.9% from 2022

Total participants

0.0% from 2022

Average account balance

$120,127

+20.9% from 2022

Annual return

17.22%

+33.32 pp from 2022

Benchmarks

See 3,103 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,103 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$817K

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

22.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$826

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

+10.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$120,127

$49,199+144.2%

$121,204-0.9%

$75,173+59.8%

Participation rate

16.0%

55.4%-39.4pp

69.5%-53.5pp

67.2%-51.2pp

Annual return

17.22%

56.04%-38.8pp

987.18%-970.0pp

160.72%-143.5pp

Employer contribution / active EE

$1,547-100.0%

$4,170-100.0%

$2,671-100.0%

Participant deferral / active EE

$888

$2,630-66.2%

$4,083-78.3%

$4,126-78.5%

Admin fee / account holder

$3,946-100.0%

$5,651-100.0%

THE FITNESS EDGE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE FITNESS EDGE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion