Retirement plan

PROSTOYOU TENNIS, LLC 401(K) PROFIT SHARING PLAN

Name: PROSTOYOU TENNIS, LLC - PROSTOYOU TENNIS, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PROSTOYOU TENNIS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROSTOYOU TENNIS, LLC 401(K) PROFIT SHARING PLAN, PROSTOYOU TENNIS, LLC

PROSTOYOU TENNIS, LLCEIN 47-2420906Plan #001PY 2020

21008 LAYTON RIDGE DRIVE - LAYTONSVILLE, MD 20882301-943-1678prostoyou.comLinkedIn11-50 employeessports

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$218K

No prior year

Total participants

No prior year

Average account balance

$43,558

No prior year

Annual return

15.50%

No prior year

Benchmarks

See 7,661 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort7,661 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$564K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4180

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 codes2E2F2J2T3D

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).
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$43,558

$176,402-75.3%

$134,162-67.5%

$158,966-72.6%

Participation rate

83.3%

78.7%+4.6pp

72.2%+11.1pp

82.0%+1.4pp

Annual return

15.50%

63.66%-48.2pp

36.35%-20.8pp

302.95%-287.4pp

Employer contribution / active EE

$300

$5,042-94.0%

$3,705-91.9%

$4,762-93.7%

Participant deferral / active EE

$6,500

$4,093+58.8%

$3,500+85.7%

$5,983+8.6%

Admin fee / account holder

$8,719-100.0%

$6,685-100.0%

$11,250-100.0%

PROSTOYOU TENNIS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PROSTOYOU TENNIS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion