Retirement plan

THE SAYLOR MANAGEMENT GROUP, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: THE SAYLOR MANAGEMENT GROUP, LLC - THE SAYLOR MANAGEMENT GROUP, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: THE SAYLOR MANAGEMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SAYLOR MANAGEMENT GROUP, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN, THE SAYLOR MANAGEMENT GROUP, LLC

THE SAYLOR MANAGEMENT GROUP, LLCEIN 47-1961932Plan #001PY 2022

1441 WEST RUE PARIS AVE - IVERNESS, IL 60067847-517-1173LinkedIn51-200 employeesrestaurants

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$265K

+19.6% from 2021

Total participants

-3.9% from 2021

Average account balance

$18,893

+36.7% from 2021

Annual return

-18.92%

-33.15 pp from 2021

Benchmarks

See 11,552 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort11,552 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$499K

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

17.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+7.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$511

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 codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$8K

$331 / participant

Other / not subdivided$8K100.0%

% of EOY assets

3.000%

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

$18,893

$84,551-77.7%

$61,452-69.3%

$134,532-86.0%

Participation rate

0.0%

62.2%-62.2pp

52.6%-52.6pp

81.2%-81.2pp

Annual return

-18.92%

585.39%-604.3pp

338.96%-357.9pp

418.27%-437.2pp

Employer contribution / active EE

$898

$1,545-41.9%

$1,160-22.5%

$4,741-81.1%

Participant deferral / active EE

$2,866

$2,818+1.7%

$2,125+34.9%

$6,401-55.2%

Admin fee / account holder

$567

$2,587-78.1%

$2,131-73.4%

$11,429-95.0%

THE SAYLOR MANAGEMENT GROUP, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SAYLOR MANAGEMENT GROUP, LLC SAFE HARBOR 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