Retirement plan

VISION RETIREMENT PLAN

Name: CENTRAARCHY RESTAURANT MANAGEMENT CORP - VISION RETIREMENT PLAN (2022) Form 5500
Creator: CENTRAARCHY RESTAURANT MANAGEMENT CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VISION RETIREMENT PLAN, CENTRAARCHY RESTAURANT MANAGEMENT CORP

CENTRAARCHY RESTAURANT MANAGEMENT CORPEIN 58-1535544Plan #001PY 2022

236 ABLEMARLE ROAD - CHARLESTON, SC 29407843-571-0096centraarchy.comLinkedIn501-1000 employeesrestaurants

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.3M

-24.2% from 2021

Total participants

1,005

+6.0% from 2021

Average account balance

$23,383

-27.6% from 2021

Annual return

-20.50%

-34.22 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.07M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

464

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.

27.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$814K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
JP MORGAN SECURITIES LLC3 years Service code 27 · EIN 13-4110995	Advisory (Plan)	$34,280
MASSACHUSETTS MUTUAL LIFE INS. CO.8+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850	Float revenue; Recordkeeping fees	$17,421
ASCENSUS LLC2 years Filed as: FUTUREPLAN CONSULTING - FORT WAYNE Service code 13	Contract Administrator	$5,872
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$2,860
FUTURE PLAN CONSULTING - FORT WAYNE4 years Filed as: FUTURE PLAN CONSULTING- FORT WAYNE Service code 13 · EIN 11-3665754	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$19K

$26 / participant

Investment mgmt$12K61.3%
Contract admin$8K38.7%

% of EOY assets

0.188%

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: MCNAIR, MCLEMORE, MIDDLEBROOKS, LLC
Auditor EIN: 581094351
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,383

$34,634-32.5%

$77,096-69.7%

$64,819-63.9%

Participation rate

24.5%

49.8%-25.3pp

67.9%-43.4pp

71.5%-47.0pp

Annual return

-20.50%

-5.31%-15.2pp

42.35%-62.8pp

32.84%-53.3pp

Employer contribution / active EE

$282

$1,385-79.6%

$2,814-90.0%

$2,507-88.7%

Participant deferral / active EE

$594

$2,553-76.7%

$4,429-86.6%

$4,311-86.2%

Admin fee / account holder

$44

$178-75.3%

$5,428-99.2%

$188-76.6%

Provider

Service type

Compensation

JP MORGAN SECURITIES LLC3 years

Service code 27 · EIN 13-4110995

Advisory (Plan)

$34,280

MASSACHUSETTS MUTUAL LIFE INS. CO.8+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 62 · EIN 04-1590850

Float revenue; Recordkeeping fees

$17,421

ASCENSUS LLC2 years

Filed as: FUTUREPLAN CONSULTING - FORT WAYNE

Service code 13

Contract Administrator

$5,872

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$2,860

FUTURE PLAN CONSULTING - FORT WAYNE4 years

Filed as: FUTURE PLAN CONSULTING- FORT WAYNE

Service code 13 · EIN 11-3665754

Contract Administrator

VISION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VISION RETIREMENT 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