Retirement plan

ATLANTIS MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING PLAN

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

ATLANTIS MANAGEMENT GROUP, LLCEIN 47-2434812Plan #001PY 2022

555 SOUTH COLUMBUS AVENUE SUITE 201 - MOUNT VERNON, NY 10550914-699-9400atlantismgmt.comLinkedIn1001-5000 employeesretail

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+0.5% from 2021

Total participants

720

+2.0% from 2021

Average account balance

$6,956

-1.1% from 2021

Annual return

-17.88%

-31.10 pp from 2021

Benchmarks

See 1,277 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

679

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
COHNREZNICK LLP1 year Service code 10 · EIN 22-1478099	Accounting	$19,750
VOYA RETIREMENT INSURANCE & ANNUITY5+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$15,000
ATLANTIS MANAGEMENT GROUP LLC1 year Service code 99 · EIN 47-2434812	Other Fees	$10,553
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819	Other Fees	$8,916

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$45K

$68 / participant

Other / not subdivided$45K100.0%

% of EOY assets

1.206%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,956

$42,367-83.6%

$79,580-91.3%

$64,819-89.3%

Participation rate

72.9%

64.7%+8.1pp

69.5%+3.4pp

71.5%+1.4pp

Annual return

-17.88%

-12.23%-5.6pp

0.15%-18.0pp

32.84%-50.7pp

Employer contribution / active EE

$530

$1,181-55.1%

$2,413-78.0%

$2,507-78.8%

Participant deferral / active EE

$1,113

$3,170-64.9%

$3,985-72.1%

$4,311-74.2%

Admin fee / account holder

$84

$160-47.4%

$6,835-98.8%

$188-55.3%

Provider

Service type

Compensation

COHNREZNICK LLP1 year

Service code 10 · EIN 22-1478099

Accounting

$19,750

VOYA RETIREMENT INSURANCE & ANNUITY5+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$15,000

ATLANTIS MANAGEMENT GROUP LLC1 year

Service code 99 · EIN 47-2434812

Other Fees

$10,553

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES, LLC

Service code 99 · EIN 34-1542819

Other Fees

$8,916

ATLANTIS MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIS MANAGEMENT GROUP, LLC 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