Retirement plan

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ESN SWIM SCHOOL, LLC

Name: ESN SWIM SCHOOL, LLC - SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ESN SWIM SCHOOL, LLC (2024) Form 5500
Creator: ESN SWIM SCHOOL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ESN SWIM SCHOOL, LLC, ESN SWIM SCHOOL, LLC

ESN SWIM SCHOOL, LLCEIN 47-3941651Plan #001PY 2024

PO BOX 429 - BEDFORD, TX 760950429817-705-8569

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.8M

+33.7% from 2023

Total participants

148

+228.9% from 2023

Average account balance

$25,852

-59.3% from 2023

Annual return

32.60%

+14.29 pp from 2023

Benchmarks

See 1,581 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,581 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.83M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

148

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.

118.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$718K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+32.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4642

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 codes2F2G2T3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$687K

$5496 / participant

Other / not subdivided$687K100.0%

% of EOY assets

17.956%

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

$25,852

$69,745-62.9%

$67,511-61.7%

$74,546-65.3%

Participation rate

100.0%

71.3%+28.7pp

72.9%+27.1pp

67.2%+32.8pp

Annual return

32.60%

-40.37%+73.0pp

3517.41%-3484.8pp

1366.03%-1333.4pp

Employer contribution / active EE

$2,121

$2,705-21.6%

$2,733-22.4%

$2,624-19.2%

Participant deferral / active EE

$3,622

$3,636-0.4%

$4,000-9.5%

$4,347-16.7%

Admin fee / account holder

$4,642

$894+419.2%

$3,999+16.1%

$1,944+138.8%

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ESN SWIM SCHOOL, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF ESN SWIM SCHOOL, LLC

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