Retirement plan

NRP-FL 401(K) RETIREMENT PLAN

Name: NEIGHBORHOOD RESTAURANT PARTNERS FLORIDA, LLC - NRP-FL 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: NEIGHBORHOOD RESTAURANT PARTNERS FLORIDA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NRP-FL 401(K) RETIREMENT PLAN, NEIGHBORHOOD RESTAURANT PARTNERS FLORIDA, LLC

NEIGHBORHOOD RESTAURANT PARTNERS FLORIDA, LLCEIN 45-4929185Plan #001PY 2023

3901 COCONUT PALM DRIVE, SUITE 103 - TAMPA, FL 336191355813-695-4923

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4M

+6.6% from 2022

Total participants

908

+249.2% from 2022

Average account balance

$26,800

+2.3% from 2022

Annual return

15.07%

+32.86 pp from 2022

Benchmarks

See 909 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort909 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.89M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

136

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.

5.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$256K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$192

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070	Contract Administrator	$16,221
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 27 150 N COLLEGE ST. · CHARLOTTE, NC 28255	Advisory (Plan)	$9,411
ECONOMIC GROUP PENSION SERVICES2 years Service code 15 · EIN 13-3180178 PO BOX 54 · FRANKLIN SQUARE, NY 11010	Recordkeeping	$4,180

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$36 / participant

Contract admin$30K100.0%

% of EOY assets

0.742%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD P.C.
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,800

$26,137+2.5%

$58,561-54.2%

$74,460-64.0%

Participation rate

8.8%

32.2%-23.4pp

50.9%-42.1pp

70.7%-62.0pp

Annual return

15.07%

32.53%-17.5pp

4251.33%-4236.3pp

34.38%-19.3pp

Employer contribution / active EE

$45

$537-91.6%

$1,053-95.7%

$2,638-98.3%

Participant deferral / active EE

$278

$1,076-74.2%

$1,923-85.6%

$4,530-93.9%

Admin fee / account holder

$199

$648-69.3%

$2,520-92.1%

$348-42.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2 years

Service code 13 · EIN 35-1140070

Contract Administrator

$16,221

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 27

150 N COLLEGE ST. · CHARLOTTE, NC 28255

Advisory (Plan)

$9,411

ECONOMIC GROUP PENSION SERVICES2 years

Service code 15 · EIN 13-3180178

PO BOX 54 · FRANKLIN SQUARE, NY 11010

Recordkeeping

$4,180

NRP-FL 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NRP-FL 401(K) 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