Retirement plan

LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN

Name: LIBERTY HOUSE RESTAURANT CORPORATION - LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.1M

-10.8% from 2021

Total participants

342

+16.7% from 2021

Average account balance

$28,387

-22.8% from 2021

Annual return

-13.10%

-23.02 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 15 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Recordkeeping	$37,716
PENSION FINANCIAL SERVICES, INC.8+ years Filed as: PENSION FINANCIAL SERVICES, INC Service code 13 · EIN 58-1485803	Contract Administrator	$28,740

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$72K

$378 / participant

Other / not subdivided$72K100.0%

% of EOY assets

0.796%

all-in expense ratio

Categories reported

0 / 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

$28,387

$26,549+6.9%

$61,452-53.8%

$66,938-57.6%

Participation rate

88.5%

38.1%+50.4pp

52.6%+35.9pp

69.8%+18.7pp

Annual return

-13.10%

-16.21%+3.1pp

338.96%-352.1pp

1.58%-14.7pp

Employer contribution / active EE

$923

$651+41.7%

$1,160-20.4%

$2,545-63.7%

Participant deferral / active EE

$2,594

$1,338+93.9%

$2,125+22.1%

$4,238-38.8%

Admin fee / account holder

$226

$409-44.7%

$2,131-89.4%

$594-61.9%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Recordkeeping

$37,716

PENSION FINANCIAL SERVICES, INC.8+ years

Filed as: PENSION FINANCIAL SERVICES, INC

Service code 13 · EIN 58-1485803

Contract Administrator

$28,740

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