Retirement plan

PROOF OF THE PUDDING BY MGR INC 401K PLAN

Name: PROOF OF THE PUDDING BY MGR, INC. - PROOF OF THE PUDDING BY MGR INC 401K PLAN (2022) Form 5500
Creator: PROOF OF THE PUDDING BY MGR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROOF OF THE PUDDING BY MGR INC 401K PLAN, PROOF OF THE PUDDING BY MGR, INC.

PROOF OF THE PUDDING BY MGR, INC.EIN 58-1752963Plan #001PY 2022

1175 CHATTAHOOCHEE AVENUE, NW, BUILDING A - ATLANTA, GA 30318404-892-2359LinkedIn11-50 employeesrestaurants

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3.1M

-13.1% from 2021

Total participants

233

+8.9% from 2021

Average account balance

$28,323

-12.3% from 2021

Annual return

-17.35%

-26.44 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

$3.21M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

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.

16.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$277K

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

+6.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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 2 by compensation

Provider	Service type	Compensation
APRIO LLP4 years Filed as: APRIO WEALTH MANAGEMENT, LLC Service code 26 · EIN 58-2484343 5 CONCOURSE PARKWAY, SUITE 1000 · ATLANTA, GA 30328	Advisory (Participants)	$12,727
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$23K

$127 / participant

Investment mgmt$13K54.9%
Contract admin$9K39.8%
Other / not subdivided$1K5.4%

% of EOY assets

0.738%

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: BENNETT THRASHER LLP
Auditor EIN: 581673613
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,323

$26,549+6.7%

$61,452-53.9%

$66,938-57.7%

Participation rate

33.3%

38.1%-4.8pp

52.6%-19.2pp

69.8%-36.5pp

Annual return

-17.35%

-16.21%-1.1pp

338.96%-356.3pp

1.58%-18.9pp

Employer contribution / active EE

$651-99.8%

$1,160-99.9%

$2,545-99.9%

Participant deferral / active EE

$1,235

$1,338-7.7%

$2,125-41.9%

$4,238-70.9%

Admin fee / account holder

$209

$409-48.8%

$2,131-90.2%

$594-64.8%

Provider

Service type

Compensation

APRIO LLP4 years

Filed as: APRIO WEALTH MANAGEMENT, LLC

Service code 26 · EIN 58-2484343

5 CONCOURSE PARKWAY, SUITE 1000 · ATLANTA, GA 30328

Advisory (Participants)

$12,727

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

Recordkeeping

PROOF OF THE PUDDING BY MGR INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROOF OF THE PUDDING BY MGR INC 401K 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