Retirement plan

URBAN REMEDY, INC. 401(K) PLAN

Name: URBAN REMEDY, INC. - URBAN REMEDY, INC. 401(K) PLAN (2021) Form 5500
Creator: URBAN REMEDY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, URBAN REMEDY, INC. 401(K) PLAN, URBAN REMEDY, INC.

URBAN REMEDY, INC.EIN 46-0823970Plan #001PY 2021

208 S GARRARD BLVD - RICHMOND, CA 948012001415-299-0868urbanremedy.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow participationLow assets / participantLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$739K

+61.9% from 2020

Total participants

197

-15.5% from 2020

Average account balance

$5,598

+84.0% from 2020

Annual return

12.31%

-43.69 pp from 2020

Benchmarks

See 500 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort500 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.17M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

121

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$204K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+34.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 10 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2 years Service code 28 · EIN 95-1411037	Investment Management	$0
BLACKROCK2 years Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
INVESCO2 years Service code 28 · EIN 26-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
LEGG MASON2 years Service code 28 · EIN 52-1200960	Investment Management	$0
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL JENNISON Service code 28 · EIN 22-3703799	Investment Management	$0
T ROWE PRICE RPS INC2 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
T ROWE PRICE RPS INC3+ years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD FUNDS Service code 28 · EIN 23-1945930	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D2K2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$31 / participant

Contract admin$6K100.0%

% of EOY assets

0.771%

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: YULISHANA
Auditor EIN: 850711727
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,598

$65,862-91.5%

$124,694-95.5%

$79,389-92.9%

Participation rate

64.3%

62.2%+2.1pp

74.6%-10.3pp

70.7%-6.4pp

Annual return

12.31%

19.02%-6.7pp

5144.82%-5132.5pp

116.89%-104.6pp

Employer contribution / active EE

$1,883-100.0%

$3,325-100.0%

$2,428-100.0%

Participant deferral / active EE

$1,858

$2,772-33.0%

$4,615-59.7%

$4,046-54.1%

Admin fee / account holder

$43

$673-93.6%

$7,495-99.4%

$626-93.1%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Service code 28 · EIN 95-1411037

Investment Management

BLACKROCK2 years

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

INVESCO2 years

Service code 28 · EIN 26-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

LEGG MASON2 years

Service code 28 · EIN 52-1200960

Investment Management

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL JENNISON

Service code 28 · EIN 22-3703799

Investment Management

T ROWE PRICE RPS INC2 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

T ROWE PRICE RPS INC3+ years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD FUNDS

Service code 28 · EIN 23-1945930

Investment Management

URBAN REMEDY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

URBAN REMEDY, INC. 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