Retirement plan

FOUNDERS INN 401(K) SAVINGS PLAN

Name: FOUNDERS CONFERENCE CENTER LLC - FOUNDERS INN 401(K) SAVINGS PLAN (2023) Form 5500
Creator: FOUNDERS CONFERENCE CENTER LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUNDERS INN 401(K) SAVINGS PLAN, FOUNDERS CONFERENCE CENTER LLC

FOUNDERS CONFERENCE CENTER LLCEIN 54-1992893Plan #001PY 2023

5641 INDIAN RIVER RD. - VIRGINIA BEACH, VA 23464757-226-4021

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

+24.4% from 2022

Total participants

212

+10.4% from 2022

Average account balance

$8,765

+16.2% from 2022

Annual return

16.97%

+31.09 pp from 2022

Benchmarks

See 1,291 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,291 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.31M

Not enough data

1 years with asset history on file

Average account balance

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

$4K

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.

304

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$208K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$749

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

+9.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-0

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 60 · EIN 04-2647786	Sub-TA Fees	-$148

Plan features & details

Pension benefit codes2F2G2J2T3H3D2E

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$7 / participant

Investment mgmt$2K110.4%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PBMARES LLP
Auditor EIN: 540737372
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,765

$27,800-68.5%

$58,561-85.0%

$71,511-87.7%

Participation rate

76.4%

34.6%+41.8pp

50.9%+25.6pp

67.9%+8.5pp

Annual return

16.97%

26.80%-9.8pp

4251.33%-4234.4pp

28.86%-11.9pp

Employer contribution / active EE

$115

$632-81.9%

$1,053-89.1%

$2,589-95.6%

Participant deferral / active EE

$865

$1,208-28.4%

$1,923-55.0%

$4,291-79.8%

Admin fee / account holder

$1,637-99.5%

$2,520-99.7%

$1,588-99.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$148

FOUNDERS INN 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUNDERS INN 401(K) SAVINGS 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