Retirement plan

BILTMORE FAMILY OFFICE LLC 401K & PROFIT SHARING PLAN

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

BILTMORE FAMILY OFFICE LLCEIN 46-2112854Plan #002PY 2022

500 EAST BLVD - CHARLOTTE, NC 28203704-248-5230biltmorefamilyoffice.comLinkedIn11-50 employeesfinancial services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1.2M

-20.3% from 2021

Total participants

-4.2% from 2021

Average account balance

$59,082

-20.3% from 2021

Annual return

-39.12%

-39.12 pp from 2021

Benchmarks

See 35,220 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,220 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.43M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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

$449K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+17.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$388

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 codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$164

$7 / participant

Other / not subdivided$164100.0%

% of EOY assets

0.013%

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

$59,082

$167,504-64.7%

$151,628-61.0%

$134,509-56.1%

Participation rate

90.9%

88.4%+2.5pp

87.5%+3.4pp

81.2%+9.7pp

Annual return

-39.12%

7.81%-46.9pp

3.34%-42.5pp

418.13%-457.3pp

Employer contribution / active EE

$2,422

$6,828-64.5%

$6,165-60.7%

$4,741-48.9%

Participant deferral / active EE

$10,893

$8,985+21.2%

$8,363+30.3%

$6,400+70.2%

Admin fee / account holder

$13,779-99.9%

$11,613-99.9%

$11,427-99.9%

BILTMORE FAMILY OFFICE LLC 401K & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BILTMORE FAMILY OFFICE LLC 401K & 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