Retirement plan

A DESIGN PARTNERSHIP 401(K) PROFIT SHARING PLAN AND TRUST

Name: NATALIE NORCROSS, INC. DBA A DESIGN PARTNERSHIP - A DESIGN PARTNERSHIP 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: NATALIE NORCROSS, INC. DBA A DESIGN PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A DESIGN PARTNERSHIP 401(K) PROFIT SHARING PLAN AND TRUST, NATALIE NORCROSS, INC. DBA A DESIGN PARTNERSHIP

NATALIE NORCROSS, INC. DBA A DESIGN PARTNERSHIPEIN 46-1823268Plan #001PY 2024

4528 BINFORDS RIDGE RD. - CHARLOTTE, NC 28226310-359-6468

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$623K

+50.7% from 2023

Total participants

+60.0% from 2023

Average account balance

$41,564

+0.5% from 2023

Annual return

16.69%

-11.30 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$623K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$676

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

$10K

$676 / participant

Other / not subdivided$10K100.0%

% of EOY assets

1.625%

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

$41,564

$160,028-74.0%

$147,080-71.7%

$145,884-71.5%

Participation rate

93.3%

84.0%+9.3pp

82.2%+11.2pp

80.3%+13.0pp

Annual return

16.69%

98.60%-81.9pp

420.17%-403.5pp

551.85%-535.2pp

Employer contribution / active EE

$2,893

$5,286-45.3%

$4,933-41.4%

$4,662-38.0%

Participant deferral / active EE

$6,484

$8,422-23.0%

$8,066-19.6%

$6,690-3.1%

Admin fee / account holder

$676

$15,030-95.5%

$12,989-94.8%

$13,392-95.0%

A DESIGN PARTNERSHIP 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A DESIGN PARTNERSHIP 401(K) PROFIT SHARING PLAN AND TRUST

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