Retirement plan

IBELIEVEINSWORDFISH INC. 401(K)

Name: IBELIEVEINSWORDFISH, INC. - IBELIEVEINSWORDFISH INC. 401(K) (2023) Form 5500
Creator: IBELIEVEINSWORDFISH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBELIEVEINSWORDFISH INC. 401(K), IBELIEVEINSWORDFISH, INC.

IBELIEVEINSWORDFISH, INC.EIN 45-5199038Plan #001PY 2023

818 FIFTH AVE SUITE 300 - SAN RAFAEL, CA 94901415-896-1666swordfish-sf.comLinkedIn11-50 employeesmedia production

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$992K

+35.1% from 2022

Total participants

+14.3% from 2022

Average account balance

$76,327

+14.3% from 2022

Annual return

21.14%

+42.80 pp from 2022

Benchmarks

See 11,277 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort11,277 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.74M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+19.09%

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 codes2E2J2F2G3D2T

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

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

$59K

$4952 / participant

Other / not subdivided$59K100.0%

% of EOY assets

5.989%

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

$76,327

$105,145-27.4%

$94,664-19.4%

$139,466-45.3%

Participation rate

75.0%

82.4%-7.4pp

80.8%-5.8pp

80.3%-5.3pp

Annual return

21.14%

38.09%-17.0pp

156.84%-135.7pp

373.66%-352.5pp

Employer contribution / active EE

$4,499

$4,107+9.5%

$3,673+22.5%

$4,754-5.4%

Participant deferral / active EE

$8,989

$7,599+18.3%

$7,417+21.2%

$6,712+33.9%

Admin fee / account holder

$4,571

$8,972-49.0%

$7,222-36.7%

$11,409-59.9%

IBELIEVEINSWORDFISH INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBELIEVEINSWORDFISH INC. 401(K)

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