Retirement plan

BURNING MAN PROJECT 401(K) PLAN

Name: BURNING MAN PROJECT - BURNING MAN PROJECT 401(K) PLAN (2018) Form 5500
Creator: BURNING MAN PROJECT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURNING MAN PROJECT 401(K) PLAN, BURNING MAN PROJECT

BURNING MAN PROJECTEIN 45-2638273Plan #001PY 2018

660 ALABAMA STREET, 4TH FLOOR - SAN FRANCISCO, CA 94110415-865-3800burningman.comLinkedIn51-200 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

+7.6% from 2017

Total participants

131

+7.4% from 2017

Average account balance

$51,181

-6.4% from 2017

Annual return

-6.24%

-26.26 pp from 2017

Benchmarks

See 864 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort864 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.54M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

202

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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 2 by compensation

Provider	Service type	Compensation
GREEN HASSON JANKS1 year Filed as: GREEN RETIREMENT, INC Service code 27 909 MARINA VILLAGE PARKWAY · ALAMEDA, CA 94501	Advisory (Plan)	$26,433
EPIC RETIREMENT PLAN SERVICES1 year Filed as: RETIREMENT PLAN CONSULTANTS Service code 15 125 S 4TH STREET · NORFOLK, NE 68701	Recordkeeping	$17,430

Plan features & details

Pension benefit codes2E2J2F2G3D3H2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$45K

$388 / participant

Investment mgmt$26K58.7%
Contract admin$18K41.0%
Other / not subdivided$1360.3%

% of EOY assets

0.716%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARSHWAL & COMPANY LLP
Auditor EIN: 270741376
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,181

$28,109+82.1%

$71,086-28.0%

$56,287-9.1%

Participation rate

93.1%

40.4%+52.7pp

54.7%+38.5pp

69.9%+23.3pp

Annual return

-6.24%

-615.05%+608.8pp

650.59%-656.8pp

-9.96%+3.7pp

Employer contribution / active EE

$3,316

$558+494.6%

$1,088+204.8%

$2,111+57.1%

Participant deferral / active EE

$6,037

$1,116+441.1%

$1,874+222.1%

$3,350+80.2%

Admin fee / account holder

$366

$585-37.3%

$3,082-88.1%

$521-29.7%

Provider

Service type

Compensation

GREEN HASSON JANKS1 year

Filed as: GREEN RETIREMENT, INC

Service code 27

909 MARINA VILLAGE PARKWAY · ALAMEDA, CA 94501

Advisory (Plan)

$26,433

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: RETIREMENT PLAN CONSULTANTS

Service code 15

125 S 4TH STREET · NORFOLK, NE 68701

Recordkeeping

$17,430

BURNING MAN PROJECT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURNING MAN PROJECT 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