Retirement plan

ELM STREET DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN

Name: ELM STREET DEVELOPMENT, INC. - ELM STREET DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ELM STREET DEVELOPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELM STREET DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN, ELM STREET DEVELOPMENT, INC.

ELM STREET DEVELOPMENT, INC.EIN 54-1038839Plan #001PY 2024

1355 BEVERLY ROAD, SUITE 240 - MCLEAN, VA 22101703-734-9730elmstreetdev.comLinkedIn51-200 employeesreal estate

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$50.3M

+12.6% from 2023

Total participants

290

0.0% from 2023

Average account balance

$212,961

+14.5% from 2023

Annual return

16.43%

-4.13 pp from 2023

Benchmarks

See 1,092 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.26M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

236

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.

76.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.9 years Service code 12 · EIN 27-2037969	Recordkeeping fees; Sub-transfer agen...	$55,003
NEWPORT GROUP, INC.9 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$7,932

Plan features & details

Pension benefit codes2E2F2G2J2T2X3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$63K

$277 / participant

Recordkeeping$54K85.4%
Investment mgmt$8K12.6%
Contract admin$1K2.0%

% of EOY assets

0.125%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BELFINT, LYONS & SHUMAN, P.A.
Auditor EIN: 510232399
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,961

$73,459+189.9%

$178,528+19.3%

$74,429+186.1%

Participation rate

76.2%

66.5%+9.7pp

77.1%-0.9pp

67.2%+9.0pp

Annual return

16.43%

17.50%-1.1pp

27.11%-10.7pp

1368.38%-1352.0pp

Employer contribution / active EE

$2,374

$2,219+7.0%

$3,950-39.9%

$2,625-9.6%

Participant deferral / active EE

$5,959

$4,515+32.0%

$6,278-5.1%

$4,348+37.0%

Admin fee / account holder

$267

$1,812-85.3%

$10,419-97.4%

$1,944-86.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9 years

Service code 12 · EIN 27-2037969

Recordkeeping fees; Sub-transfer agen...

$55,003

NEWPORT GROUP, INC.9 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$7,932

ELM STREET DEVELOPMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELM STREET DEVELOPMENT, 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