Retirement plan

CT SPA GROUP 401K PLAN

Name: CT SPA GROUP, LLC DBA NEW BEAUTY WELLNESS - CT SPA GROUP 401K PLAN (2023) Form 5500
Creator: CT SPA GROUP, LLC DBA NEW BEAUTY WELLNESS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CT SPA GROUP 401K PLAN, CT SPA GROUP, LLC DBA NEW BEAUTY WELLNESS

CT SPA GROUP, LLC DBA NEW BEAUTY WELLNESSEIN 47-3250778Plan #001PY 2023

278 HICKOK ROAD - NEW CANAAN, CT 06840917-848-6629

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$265K

+108.8% from 2022

Total participants

+66.7% from 2022

Average account balance

$29,455

+108.8% from 2022

Annual return

26.71%

+41.45 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$388K

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

23.1%

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

$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

+14.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$964

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 codes2G2J3D

Plan features

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$180

$8 / participant

Other / not subdivided$180100.0%

% of EOY assets

0.068%

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

$29,455

$96,678-69.5%

$86,640-66.0%

$139,466-78.9%

Participation rate

33.3%

74.4%-41.1pp

71.7%-38.4pp

80.3%-47.0pp

Annual return

26.71%

106.69%-80.0pp

592.52%-565.8pp

373.66%-347.0pp

Employer contribution / active EE

$750

$3,265-77.0%

$3,024-75.2%

$4,754-84.2%

Participant deferral / active EE

$3,593

$4,837-25.7%

$4,438-19.0%

$6,712-46.5%

Admin fee / account holder

$20

$6,410-99.7%

$5,616-99.6%

$11,409-99.8%

CT SPA GROUP 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CT SPA GROUP 401K 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