Retirement plan

PATRICKS SNACK BAR, LLC 401K PLAN

Name: PATRICK'S SNACK BAR LLC - PATRICKS SNACK BAR, LLC 401K PLAN (2023) Form 5500
Creator: PATRICK'S SNACK BAR LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PATRICKS SNACK BAR, LLC 401K PLAN, PATRICK'S SNACK BAR LLC

PATRICK'S SNACK BAR LLCEIN 46-1842016Plan #001PY 2023

6669 PETUNIA TERRACE - HAYMARKET, VA 20169703-521-4977LinkedIn1-10 employeesrestaurants

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$118K

+6.1% from 2022

Total participants

0.0% from 2022

Average account balance

$23,635

+27.3% from 2022

Annual return

13.98%

+31.83 pp from 2022

Benchmarks

See 12,884 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort12,884 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$199K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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

$10K

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

+31.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$297

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 codes2E2F2G2J2T3D

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

$18K

$3063 / participant

Other / not subdivided$18K100.0%

% of EOY assets

15.551%

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

$23,635

$81,668-71.1%

$58,507-59.6%

$139,487-83.1%

Participation rate

83.3%

61.3%+22.0pp

50.9%+32.5pp

80.3%+3.0pp

Annual return

13.98%

7430.07%-7416.1pp

4252.32%-4238.3pp

373.84%-359.9pp

Employer contribution / active EE

$869

$1,398-37.8%

$1,053-17.5%

$4,755-81.7%

Participant deferral / active EE

$512

$2,554-80.0%

$1,922-73.4%

$6,713-92.4%

Admin fee / account holder

$3,675

$3,212+14.4%

$2,486+47.8%

$11,407-67.8%

PATRICKS SNACK BAR, LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATRICKS SNACK BAR, LLC 401K 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