Retirement plan

401M SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: 401M, INC. - 401M SAFE HARBOR 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: 401M, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401M SAFE HARBOR 401(K) PROFIT SHARING PLAN, 401M, INC.

401M, INC.EIN 52-2055322Plan #001PY 2022

10820 JENNIFER MARIE PLACE - FAIRFAX STATION, VA 22039703-503-3346

Other plans on this EIN

1 filing

#002Retirement-$506K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-47.0% from 2021

Total participants

+27.3% from 2021

Average account balance

$94,572

-51.4% from 2021

Annual return

-6.83%

-12.56 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+8.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$1.0M

$77912 / participant

Other / not subdivided$1M100.0%

% of EOY assets

89.250%

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

$94,572

$142,392-33.6%

$119,622-20.9%

$134,532-29.7%

Participation rate

84.6%

82.8%+1.8pp

79.3%+5.4pp

81.2%+3.4pp

Annual return

-6.83%

-12.46%+5.6pp

-14.98%+8.2pp

418.27%-425.1pp

Employer contribution / active EE

$3,264

$5,224-37.5%

$4,232-22.9%

$4,741-31.2%

Participant deferral / active EE

$7,533

$6,467+16.5%

$5,601+34.5%

$6,401+17.7%

Admin fee / account holder

$84,405

$13,593+521.0%

$10,328+717.3%

$11,429+638.5%

401M SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401M SAFE HARBOR 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