Retirement plan

BURNING MAN PROJECT 401(K) PLAN

Name: BURNING MAN PROJECT - BURNING MAN PROJECT 401(K) PLAN (2019) 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 2019

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)

$8.6M

+36.4% from 2018

Total participants

152

+16.0% from 2018

Average account balance

$60,470

+18.1% from 2018

Annual return

21.69%

+27.93 pp from 2018

Benchmarks

See 899 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort899 peers

Snapshot2019

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 JANKS2 years Filed as: GREEN RETIREMENT, INC Service code 27 909 MARINA VILLAGE PARKWAY · ALAMEDA, CA 94501	Advisory (Plan)	$27,873
EPIC RETIREMENT PLAN SERVICES2 years Filed as: RETIREMENT PLAN CONSULTANTS Service code 15 125 S 4TH STREET · NORFOLK, NE 68701	Recordkeeping	$17,610

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

$47K

$362 / participant

Investment mgmt$28K59.7%
Contract admin$19K40.3%

% of EOY assets

0.544%

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

$60,470

$31,679+90.9%

$74,719-19.1%

$65,185-7.2%

Participation rate

92.2%

40.4%+51.9pp

54.5%+37.8pp

70.2%+22.0pp

Annual return

21.69%

39.04%-17.4pp

753.05%-731.4pp

29.38%-7.7pp

Employer contribution / active EE

$3,056

$566+439.9%

$1,084+181.9%

$2,177+40.4%

Participant deferral / active EE

$5,955

$1,191+400.0%

$1,963+203.3%

$3,514+69.5%

Admin fee / account holder

$329

$379-13.2%

$3,334-90.1%

$847-61.2%

Provider

Service type

Compensation

GREEN HASSON JANKS2 years

Filed as: GREEN RETIREMENT, INC

Service code 27

909 MARINA VILLAGE PARKWAY · ALAMEDA, CA 94501

Advisory (Plan)

$27,873

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: RETIREMENT PLAN CONSULTANTS

Service code 15

125 S 4TH STREET · NORFOLK, NE 68701

Recordkeeping

$17,610

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