Retirement plan

SINGLE POINT MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: SINGLE POINT MANAGEMENT, LLC - SINGLE POINT MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SINGLE POINT MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SINGLE POINT MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, SINGLE POINT MANAGEMENT, LLC

SINGLE POINT MANAGEMENT, LLCEIN 45-5307859Plan #001PY 2022

277 DARTMOUTH STREET, 4TH FLOOR - BOSTON, MA 02116617-600-7431

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$790K

-8.1% from 2021

Total participants

+27.3% from 2021

Average account balance

$65,827

-31.0% from 2021

Annual return

-18.49%

-34.65 pp from 2021

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.95M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+25.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$556

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 codes2E2F2G2J3D

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.
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

$38K

$2927 / participant

Other / not subdivided$38K100.0%

% of EOY assets

4.816%

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

$65,827

$167,522-60.7%

$151,639-56.6%

$134,532-51.1%

Participation rate

84.6%

88.4%-3.8pp

87.5%-2.9pp

81.2%+3.4pp

Annual return

-18.49%

7.81%-26.3pp

3.34%-21.8pp

418.27%-436.8pp

Employer contribution / active EE

$2,946

$6,828-56.9%

$6,165-52.2%

$4,741-37.9%

Participant deferral / active EE

$6,877

$8,986-23.5%

$8,363-17.8%

$6,401+7.4%

Admin fee / account holder

$3,170

$13,780-77.0%

$11,613-72.7%

$11,429-72.3%

SINGLE POINT MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SINGLE POINT MANAGEMENT, LLC 401(K) PROFIT SHARING 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