Retirement plan

401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF LEISUREMEDIA360 INC.

Name: LEISUREMEDIA360 INC. - 401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF LEISUREMEDIA360 INC. (2023) Form 5500
Creator: LEISUREMEDIA360 INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF LEISUREMEDIA360 INC., LEISUREMEDIA360 INC.

LEISUREMEDIA360 INC.EIN 54-0915153Plan #001PY 2023

3424 BRAMBLETON AVE - ROANOKE, VA 240186520540-339-3825leisuremedia360.lpages.coLinkedIn11-50 employeespublishing

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.9M

+9.8% from 2022

Total participants

-4.3% from 2022

Average account balance

$91,801

+9.8% from 2022

Annual return

26.75%

+28.93 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

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7165

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 codes2F2G2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$380K

$19003 / participant

Other / not subdivided$380K100.0%

% of EOY assets

19.715%

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

$91,801

$105,145-12.7%

$94,664-3.0%

$139,466-34.2%

Participation rate

95.0%

82.4%+12.6pp

80.8%+14.2pp

80.3%+14.7pp

Annual return

26.75%

38.09%-11.3pp

156.84%-130.1pp

373.66%-346.9pp

Employer contribution / active EE

$4,107-100.0%

$3,673-100.0%

$4,754-100.0%

Participant deferral / active EE

$4,093

$7,599-46.1%

$7,417-44.8%

$6,712-39.0%

Admin fee / account holder

$18,098

$8,972+101.7%

$7,222+150.6%

$11,409+58.6%

401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF LEISUREMEDIA360 INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF LEISUREMEDIA360 INC.

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