Retirement plan

MIKEJO REALTY, LLC 401(K) EMPLOYEE SAVINGS PLAN

Name: MIKEJO REALTY, LLC - MIKEJO REALTY, LLC 401(K) EMPLOYEE SAVINGS PLAN (2023) Form 5500
Creator: MIKEJO REALTY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIKEJO REALTY, LLC 401(K) EMPLOYEE SAVINGS PLAN, MIKEJO REALTY, LLC

MIKEJO REALTY, LLCEIN 47-4265305Plan #001PY 2023

109 MONTGOMERY AVENUE, SUITE 102 - SCARSDALE, NY 10583718-664-6606

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$2.4M

+16.4% from 2022

Total participants

+6.7% from 2022

Average account balance

$403,348

+16.4% from 2022

Annual return

12.28%

+32.88 pp from 2022

Benchmarks

See 19,279 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,279 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$530K

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.

37.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$94K

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

+10.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2F2G3D

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.
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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$403,348

$202,440+99.2%

$169,390+138.1%

$139,466+189.2%

Participation rate

37.5%

81.1%-43.6pp

77.2%-39.7pp

80.3%-42.8pp

Annual return

12.28%

532.36%-520.1pp

406.07%-393.8pp

373.66%-361.4pp

Employer contribution / active EE

$4,693-100.0%

$4,013-100.0%

$4,754-100.0%

Participant deferral / active EE

$5,339

$6,940-23.1%

$6,222-14.2%

$6,712-20.5%

Admin fee / account holder

$10,722-100.0%

$9,015-100.0%

$11,409-100.0%

MIKEJO REALTY, LLC 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MIKEJO REALTY, LLC 401(K) EMPLOYEE SAVINGS 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