Retirement plan

WHAT'S UP, INC. 401(K) PROFIT SHARING PLAN

Name: WHAT'S UP, INC. - WHAT'S UP, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: WHAT'S UP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHAT'S UP, INC. 401(K) PROFIT SHARING PLAN, WHAT'S UP, INC.

WHAT'S UP, INC.EIN 52-2020362Plan #001PY 2023

201 DEFENSE HIGHWAY, SUITE 203 - ANNAPOLIS, MD 21401410-266-6287

Other plans on this EIN

1 filing

#002Retirement-$322K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+26.1% from 2022

Total participants

-16.7% from 2022

Average account balance

$52,670

+57.6% from 2022

Annual return

16.44%

+24.30 pp from 2022

Benchmarks

See 11,277 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort11,277 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$493

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 codes2E2G2J

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.

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

$63K

$4468 / participant

Other / not subdivided$63K100.0%

% of EOY assets

4.949%

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

$52,670

$105,145-49.9%

$94,664-44.4%

$139,466-62.2%

Participation rate

92.9%

82.4%+10.5pp

80.8%+12.0pp

80.3%+12.5pp

Annual return

16.44%

38.09%-21.7pp

156.84%-140.4pp

373.66%-357.2pp

Employer contribution / active EE

$3,129

$4,107-23.8%

$3,673-14.8%

$4,754-34.2%

Participant deferral / active EE

$8,219

$7,599+8.2%

$7,417+10.8%

$6,712+22.4%

Admin fee / account holder

$2,606

$8,972-70.9%

$7,222-63.9%

$11,409-77.2%

WHAT'S UP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHAT'S UP, INC. 401(K) 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