Retirement plan

UP-TO-DATE LAUNDRY, LLC PROFIT SHARING PLAN

Name: UP-TO-DATE LAUNDRY, LLC - UP-TO-DATE LAUNDRY, LLC PROFIT SHARING PLAN (2021) Form 5500
Creator: UP-TO-DATE LAUNDRY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UP-TO-DATE LAUNDRY, LLC PROFIT SHARING PLAN, UP-TO-DATE LAUNDRY, LLC

UP-TO-DATE LAUNDRY, LLCEIN 52-0656952Plan #001PY 2021

1221 DESOTO ROAD - BALTIMORE, MD 212233211410-646-0475

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.5M

+15.6% from 2020

Total participants

151

+3.4% from 2020

Average account balance

$23,780

+6.2% from 2020

Annual return

11.44%

+4.49 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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
USI CONSULTING GROUP1 year Filed as: USI CONSULTING GROUP INC Service code 49 95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033	Other Services	$10,993
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 26 · EIN 95-2834236 75 STATE STREET, 22ND FLOOR · BOSTON, MA 02109	Advisory (Participants)	$4,783
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK LIFE INS CO (USA) Service code 15 · EIN 01-0233346	Recordkeeping	$676

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$7K

$69 / participant

Investment mgmt$5K75.7%
Other / not subdivided$2K24.3%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,780

$65,434-63.7%

$98,483-75.9%

$85,847-72.3%

Participation rate

95.8%

65.0%+30.8pp

73.3%+22.5pp

69.3%+26.5pp

Annual return

11.44%

21.75%-10.3pp

1494.38%-1482.9pp

318.61%-307.2pp

Employer contribution / active EE

$1,820

$2,169-16.1%

$2,961-38.5%

$2,565-29.0%

Participant deferral / active EE

$1,884

$3,168-40.5%

$4,276-55.9%

$3,952-52.3%

Admin fee / account holder

$45

$4,595-99.0%

$5,953-99.2%

$6,261-99.3%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING GROUP INC

Service code 49

95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033

Other Services

$10,993

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 95-2834236

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

Advisory (Participants)

$4,783

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK LIFE INS CO (USA)

Service code 15 · EIN 01-0233346

Recordkeeping

$676

UP-TO-DATE LAUNDRY, LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UP-TO-DATE LAUNDRY, LLC PROFIT SHARING 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