Retirement plan

ZYMOTIC, LTD DBA ZACHARY'S JEWELERS 401K PLAN

Name: ZYMOTIC, LTD DBA ZACHARY'S JEWELERS - ZYMOTIC, LTD DBA ZACHARY'S JEWELERS 401K PLAN (2024) Form 5500
Creator: ZYMOTIC, LTD DBA ZACHARY'S JEWELERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZYMOTIC, LTD DBA ZACHARY'S JEWELERS 401K PLAN, ZYMOTIC, LTD DBA ZACHARY'S JEWELERS

ZYMOTIC, LTD DBA ZACHARY'S JEWELERSEIN 52-1758033Plan #001PY 2024

100 MAIN STREET - ANNAPOLIS, MD 21401410-266-5555

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+34.4% from 2023

Total participants

+12.5% from 2023

Average account balance

$147,688

+25.4% from 2023

Annual return

17.68%

-1.39 pp from 2023

Benchmarks

See 22,347 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,347 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.22M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$276K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1435

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 codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$22K

$1267 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.972%

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

$147,688

$111,787+32.1%

$93,681+57.7%

$145,978+1.2%

Participation rate

82.4%

74.2%+8.1pp

68.7%+13.6pp

80.3%+2.1pp

Annual return

17.68%

203.52%-185.8pp

133.47%-115.8pp

550.52%-532.8pp

Employer contribution / active EE

$3,918

$3,093+26.7%

$2,422+61.8%

$4,662-16.0%

Participant deferral / active EE

$12,298

$4,918+150.1%

$4,415+178.6%

$6,690+83.8%

Admin fee / account holder

$1,435

$10,256-86.0%

$8,290-82.7%

$13,400-89.3%

ZYMOTIC, LTD DBA ZACHARY'S JEWELERS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZYMOTIC, LTD DBA ZACHARY'S JEWELERS 401K 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