Retirement plan

LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN

Name: LIBERTY HOUSE RESTAURANT CORPORATION - LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN (2024) Form 5500
Creator: LIBERTY HOUSE RESTAURANT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN, LIBERTY HOUSE RESTAURANT CORPORATION

LIBERTY HOUSE RESTAURANT CORPORATIONEIN 58-1505961Plan #002PY 2024

3150 PIEDMONT ROAD NE, SUITE C - ATLANTA, GA 30305404-262-3130

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$11M

+5.6% from 2023

Total participants

278

+15.4% from 2023

Average account balance

$47,406

+1.1% from 2023

Annual return

10.73%

-2.08 pp from 2023

Benchmarks

See 1,429 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,429 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.05M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

233

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.

77.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$807K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
PENSION FINANCIAL SERVICES, INC.10+ years Filed as: PENSION FINANCIAL SERVICES, INC Service code 13 · EIN 58-1485803	Contract Administrator	$13,085
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 51 · EIN 99-9552241	Investment Mgmt Fees	$11,810
LAMON & STERN INC9 years Filed as: LAMON & STERN Service code 22 4200 NORTHSIDE PKWY BLDG 4 STE 300 · ATLANTA, GA 303270000	Insurance Broker	$2,172

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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).
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$14K

$72 / participant

Contract admin$14K100.0%

% of EOY assets

0.131%

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: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,406

$30,423+55.8%

$56,025-15.4%

$74,478-36.3%

Participation rate

77.7%

32.9%+44.8pp

52.5%+25.2pp

67.2%+10.5pp

Annual return

10.73%

24.97%-14.2pp

1712.69%-1702.0pp

1370.56%-1359.8pp

Employer contribution / active EE

$1,038

$610+70.1%

$1,042-0.3%

$2,626-60.5%

Participant deferral / active EE

$2,959

$1,176+151.5%

$1,955+51.4%

$4,350-32.0%

Admin fee / account holder

$62

$2,363-97.4%

$2,828-97.8%

$1,946-96.8%

Provider

Service type

Compensation

PENSION FINANCIAL SERVICES, INC.10+ years

Filed as: PENSION FINANCIAL SERVICES, INC

Service code 13 · EIN 58-1485803

Contract Administrator

$13,085

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 51 · EIN 99-9552241

Investment Mgmt Fees

$11,810

LAMON & STERN INC9 years

Filed as: LAMON & STERN

Service code 22

4200 NORTHSIDE PKWY BLDG 4 STE 300 · ATLANTA, GA 303270000

Insurance Broker

$2,172

LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIBERTY HOUSE RESTAURANT CORPORATION 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