Retirement plan

UP-TO-DATE LAUNDRY, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: UP-TO-DATE LAUNDRY, INC. - UP-TO-DATE LAUNDRY, INC. 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: UP-TO-DATE LAUNDRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UP-TO-DATE LAUNDRY, INC. 401(K) PROFIT SHARING PLAN & TRUST, UP-TO-DATE LAUNDRY, INC.

UP-TO-DATE LAUNDRY, INC.EIN 52-0656952Plan #001PY 2019

1221 DESOTO ROAD - BALTIMORE, MD 212233211410-233-2211

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+26.4% from 2018

Total participants

151

+7.9% from 2018

Average account balance

$20,773

+19.7% from 2018

Annual return

16.85%

+23.94 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

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

+8.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14109

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

Top 3 by compensation

Provider	Service type	Compensation
PLANNING CORP OF AMERICA3 years Filed as: PLANNING SOLUTIONS GROUP, LLC Service code 26 · EIN 45-0491716 8161 MAPLE LAWN BLVD · FULTON, MD 20759	Advisory (Participants)	$2,989
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 26 · EIN 95-2834236 75 STATE STREET, 22ND FLOOR · BOSTON, MA 02109	Advisory (Participants)	$2,441
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INS CO (USA) Service code 15 · EIN 01-0233346	Recordkeeping	$652

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$38 / participant

Contract admin$1K30.5%
Other / not subdivided$3K69.5%

% of EOY assets

0.140%

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: BORMEL, GRICE & HUYETT, PA
Auditor EIN: 521544136
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,773

$51,620-59.8%

$90,324-77.0%

$65,186-68.1%

Participation rate

81.2%

68.6%+12.6pp

73.3%+7.9pp

70.2%+11.0pp

Annual return

16.85%

24.94%-8.1pp

78.15%-61.3pp

29.39%-12.5pp

Employer contribution / active EE

$1,698

$2,235-24.0%

$2,856-40.6%

$2,177-22.0%

Participant deferral / active EE

$1,502

$2,871-47.7%

$3,885-61.4%

$3,514-57.3%

Admin fee / account holder

$29

$384-92.4%

$5,356-99.5%

$847-96.6%

Provider

Service type

Compensation

PLANNING CORP OF AMERICA3 years

Filed as: PLANNING SOLUTIONS GROUP, LLC

Service code 26 · EIN 45-0491716

8161 MAPLE LAWN BLVD · FULTON, MD 20759

Advisory (Participants)

$2,989

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 95-2834236

75 STATE STREET, 22ND FLOOR · BOSTON, MA 02109

Advisory (Participants)

$2,441

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INS CO (USA)

Service code 15 · EIN 01-0233346

Recordkeeping

$652

UP-TO-DATE LAUNDRY, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UP-TO-DATE LAUNDRY, INC. 401(K) PROFIT SHARING PLAN & TRUST

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