Retirement plan

ATLANTIC COAST ATHLETIC CLUB 401(K) PLAN

Name: ATLANTIC COAST ATHLETIC CLUB, INC. - ATLANTIC COAST ATHLETIC CLUB 401(K) PLAN (2024) Form 5500
Creator: ATLANTIC COAST ATHLETIC CLUB, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC COAST ATHLETIC CLUB 401(K) PLAN, ATLANTIC COAST ATHLETIC CLUB, INC.

ATLANTIC COAST ATHLETIC CLUB, INC.EIN 54-1478630Plan #001PY 2024

736 FLORSHEIM DRIVE, SUITE 10 - LIBERTYVILLE, IL 60048847-362-1900

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$18.9M

+17.7% from 2023

Total participants

509

+14.4% from 2023

Average account balance

$78,571

+4.5% from 2023

Annual return

18.45%

-5.24 pp from 2023

Benchmarks

See 488 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort488 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.86M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

240

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.

36.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$830K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 3 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA ADVISOR NETWORKS Service code 27 2301 ROSECRANS AVE · EL SEGUNDO, CA 90245	Advisory (Plan)	$36,306
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$7,681
DOWELL GROUP LLP6 years Service code 50 · EIN 36-4027344	Direct Payment	$3,083

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$47K

$112 / participant

Investment mgmt$36K77.1%
Contract admin$8K16.3%
Other / not subdivided$3K6.5%

% of EOY assets

0.250%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOWELL GROUP LLP
Auditor EIN: 364027344
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,571

$58,859+33.5%

$129,339-39.3%

$77,692+1.1%

Participation rate

36.1%

59.3%-23.2pp

69.6%-33.5pp

70.6%-34.5pp

Annual return

18.45%

24.74%-6.3pp

9437.05%-9418.6pp

31.25%-12.8pp

Employer contribution / active EE

$251

$1,952-87.1%

$4,154-93.9%

$2,726-90.8%

Participant deferral / active EE

$1,719

$3,215-46.5%

$4,170-58.8%

$4,648-63.0%

Admin fee / account holder

$196

$591-66.8%

$7,668-97.4%

$431-54.4%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA ADVISOR NETWORKS

Service code 27

2301 ROSECRANS AVE · EL SEGUNDO, CA 90245

Advisory (Plan)

$36,306

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$7,681

DOWELL GROUP LLP6 years

Service code 50 · EIN 36-4027344

Direct Payment

$3,083

ATLANTIC COAST ATHLETIC CLUB 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC COAST ATHLETIC CLUB 401(K) 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