Retirement plan

TGF HAIRCUTTERS 401(K) PROFIT SHARING PLAN

Name: TGF CUTS - TGF HAIRCUTTERS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TGF CUTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TGF HAIRCUTTERS 401(K) PROFIT SHARING PLAN, TGF CUTS

TGF CUTSEIN 46-3982222Plan #001PY 2023

8441 SOUTHEAST 68TH STREET, SUITE 199 - MERCER ISLAND, WA 98040206-232-8008

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$313K

+29.5% from 2022

Total participants

-10.0% from 2022

Average account balance

$28,465

+29.5% from 2022

Annual return

19.12%

+45.10 pp from 2022

Benchmarks

See 41,854 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,854 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$352K

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

137.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

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

+9.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1598

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$4K

$327 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.356%

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

$28,465

$96,643-70.5%

$86,617-67.1%

$139,456-79.6%

Participation rate

46.2%

74.4%-28.3pp

71.7%-25.5pp

80.3%-34.2pp

Annual return

19.12%

106.57%-87.5pp

591.91%-572.8pp

373.45%-354.3pp

Employer contribution / active EE

$329

$3,264-89.9%

$3,023-89.1%

$4,753-93.1%

Participant deferral / active EE

$1,605

$4,835-66.8%

$4,437-63.8%

$6,711-76.1%

Admin fee / account holder

$386

$6,406-94.0%

$5,613-93.1%

$11,407-96.6%

TGF HAIRCUTTERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TGF HAIRCUTTERS 401(K) 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