Retirement plan

THE OBSERVER MEDIA GROUP, INC. 401(K) PROFIT SHARING PLAN TRUST

Name: THE OBSERVER GROUP, INC. - THE OBSERVER MEDIA GROUP, INC. 401(K) PROFIT SHARING PLAN TRUST (2022) Form 5500
Creator: THE OBSERVER GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE OBSERVER MEDIA GROUP, INC. 401(K) PROFIT SHARING PLAN TRUST, THE OBSERVER GROUP, INC.

THE OBSERVER GROUP, INC.EIN 59-3303072Plan #001PY 2022

1970 MAIN ST FLOOR 3 - SARASOTA, FL 342365921941-366-3468yourobserver.comLinkedIn51-200 employeesnewspapers

Prospect flagsLow returnsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.2M

-3.5% from 2021

Total participants

+10.4% from 2021

Average account balance

$35,998

-9.2% from 2021

Annual return

-20.54%

-33.98 pp from 2021

Benchmarks

See 3,132 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,132 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

63.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$341K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2727

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$50K

$688 / participant

Other / not subdivided$50K100.0%

% of EOY assets

4.045%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,998

$59,116-39.1%

$86,438-58.4%

$68,486-47.4%

Participation rate

44.4%

75.2%-30.8pp

80.3%-35.9pp

67.9%-23.4pp

Annual return

-20.54%

-0.23%-20.3pp

4397.19%-4417.7pp

-7.85%-12.7pp

Employer contribution / active EE

$882

$2,519-65.0%

$3,769-76.6%

$2,597-66.0%

Participant deferral / active EE

$2,339

$5,902-60.4%

$6,952-66.4%

$4,028-41.9%

Admin fee / account holder

$1,456

$5,639-74.2%

$6,733-78.4%

$5,404-73.1%

THE OBSERVER MEDIA GROUP, INC. 401(K) PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE OBSERVER MEDIA GROUP, INC. 401(K) PROFIT SHARING PLAN TRUST

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