Retirement plan

OVEREASY, INC 401(K) PLAN

Name: OVEREASY, INC. - OVEREASY, INC 401(K) PLAN (2020) Form 5500
Creator: OVEREASY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OVEREASY, INC 401(K) PLAN, OVEREASY, INC.

OVEREASY, INC.EIN 51-0570486Plan #001PY 2020

8656 UTICA, SUITE #150 - RANCHO CUCAMONGA, CA 91730909-941-6868mysiteovereasy.comLinkedIn1-10 employeesmarketing and advertising

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.7M

+28.8% from 2019

Total participants

374

-18.3% from 2019

Average account balance

$11,638

+30.6% from 2019

Annual return

17.26%

-6.50 pp from 2019

Benchmarks

See 690 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.64M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

186

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.

34.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$627K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$8,005
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 49 · EIN 59-1199408	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$8K

$25 / participant

Contract admin$8K100.0%

% of EOY assets

0.478%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STEPHENS, REIDINGER & BELLER, LLP
Auditor EIN: 330639599
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,638

$29,369-60.4%

$77,513-85.0%

$73,412-84.1%

Participation rate

27.9%

37.9%-10.0pp

54.2%-26.3pp

72.2%-44.3pp

Annual return

17.26%

358.15%-340.9pp

54.81%-37.5pp

59.30%-42.0pp

Employer contribution / active EE

$382

$406-5.8%

$987-61.2%

$2,234-82.9%

Participant deferral / active EE

$495

$941-47.4%

$1,861-73.4%

$3,806-87.0%

Admin fee / account holder

$56

$123-54.7%

$2,859-98.1%

$158-64.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$8,005

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES INSURANCE GROUP INC

Service code 49 · EIN 59-1199408

Other Services

OVEREASY, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OVEREASY, INC 401(K) 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