Retirement plan

MEUNDIES 401(K) PLAN

Name: MEUNDIES INC - MEUNDIES 401(K) PLAN (2024) Form 5500
Creator: MEUNDIES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEUNDIES 401(K) PLAN, MEUNDIES INC

MEUNDIES INCEIN 46-0956576Plan #001PY 2024

3650 HOLDREGE AVE - LOS ANGELES, CA 90016888-552-6775meundies.comLinkedIn51-200 employeesapparel & fashion

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$3.6M

+4.3% from 2023

Total participants

244

-10.9% from 2023

Average account balance

$15,308

+19.4% from 2023

Annual return

11.44%

-16.92 pp from 2023

Benchmarks

See 2,437 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,437 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.58M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

234

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.

83.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$496K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 64 · EIN 04-2647786	Recordkeeping Fees	$10,484

Plan features & details

Pension benefit codes3D2E2J2F2G

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$178 / participant

Recordkeeping$10K100.0%

% of EOY assets

0.293%

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: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,308

$61,789-75.2%

$97,167-84.2%

$80,874-81.1%

Participation rate

83.1%

63.5%+19.6pp

72.7%+10.4pp

67.6%+15.4pp

Annual return

11.44%

-557.90%+569.3pp

75.27%-63.8pp

35.62%-24.2pp

Employer contribution / active EE

$1,837-100.0%

$2,729-100.0%

$2,756-100.0%

Participant deferral / active EE

$8,415

$3,028+177.9%

$4,264+97.4%

$4,297+95.8%

Admin fee / account holder

$45

$5,168-99.1%

$5,650-99.2%

$6,935-99.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$10,484

MEUNDIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEUNDIES 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