Retirement plan

OLD SAN LUIS BBQ 401(K) PLAN

Name: MATT PEARCE, INC. DBA OLD SAN LUIS BBQ - OLD SAN LUIS BBQ 401(K) PLAN (2024) Form 5500
Creator: MATT PEARCE, INC. DBA OLD SAN LUIS BBQ
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLD SAN LUIS BBQ 401(K) PLAN, MATT PEARCE, INC. DBA OLD SAN LUIS BBQ

MATT PEARCE, INC. DBA OLD SAN LUIS BBQEIN 45-4966415Plan #001PY 2024

1358 KENTWOOD DRIVE - SAN LUIS OBISPO, CA 93401805-304-4647

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$188K

+79.1% from 2023

Total participants

+13.3% from 2023

Average account balance

$23,471

+56.7% from 2023

Annual return

20.85%

-73.82 pp from 2023

Benchmarks

See 14,005 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort14,005 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$188K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

47.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.85%

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

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

$40

$2 / participant

Other / not subdivided$40100.0%

% of EOY assets

0.021%

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

$23,471

$76,519-69.3%

$56,025-58.1%

$145,897-83.9%

Participation rate

47.1%

63.2%-16.2pp

52.5%-5.4pp

80.3%-33.2pp

Annual return

20.85%

3017.03%-2996.2pp

1712.69%-1691.8pp

552.29%-531.4pp

Employer contribution / active EE

$1,552

$1,383+12.2%

$1,042+49.0%

$4,663-66.7%

Participant deferral / active EE

$2,040

$2,624-22.3%

$1,955+4.4%

$6,689-69.5%

Admin fee / account holder

$3,331-99.8%

$2,828-99.8%

$13,390-100.0%

OLD SAN LUIS BBQ 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLD SAN LUIS BBQ 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