Retirement plan

YENMAN ENTERPRISES 401(K) PLAN

Name: YENMAN ENTERPRISES - YENMAN ENTERPRISES 401(K) PLAN (2021) Form 5500
Creator: YENMAN ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YENMAN ENTERPRISES 401(K) PLAN, YENMAN ENTERPRISES

YENMAN ENTERPRISESEIN 59-3671572Plan #001PY 2021

468 W STATE ROAD 436 - ALTAMONTE SPRINGS, FL 32714407-389-1081LinkedIn201-500 employeesrestaurants

Prospect flagsHigh feesLow participationLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.5M

+6.0% from 2020

Total participants

457

-3.0% from 2020

Average account balance

$55,290

+0.9% from 2020

Annual return

11.67%

-1.28 pp from 2020

Benchmarks

See 712 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort712 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.79M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

142

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.

26.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$731K

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

+12.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3132

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK4 years Filed as: COMMONWEALTH EQUITY SERVICES LLC DB Service code 27 29 SAWYER RD · WALTHAM, MA 024533483	Advisory (Plan)	$13,096
MOSS,KRUSICK & ASSOCIATES ,LLC7+ years Service code 10 501 S NEW YORK AVENUE SUITE 100 · WINTER PARK, FL 32789	Accounting	$6,200
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,900
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$866

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3F

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$50 / participant

Contract admin$22K100.0%

% of EOY assets

0.633%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MOSS, KRUSICK & ASSOCIATES, LLC
Auditor EIN: 593017072
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,290

$30,555+81.0%

$80,716-31.5%

$86,799-36.3%

Participation rate

10.7%

37.2%-26.6pp

54.2%-43.5pp

72.3%-61.6pp

Annual return

11.67%

30.35%-18.7pp

87.28%-75.6pp

97.91%-86.2pp

Employer contribution / active EE

$472-100.0%

$1,160-100.0%

$2,405-100.0%

Participant deferral / active EE

$408

$1,050-61.1%

$2,146-81.0%

$4,131-90.1%

Admin fee / account holder

$350

$135+158.5%

$3,380-89.6%

$170+106.5%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK4 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC DB

Service code 27

29 SAWYER RD · WALTHAM, MA 024533483

Advisory (Plan)

$13,096

MOSS,KRUSICK & ASSOCIATES ,LLC7+ years

Service code 10

501 S NEW YORK AVENUE SUITE 100 · WINTER PARK, FL 32789

Accounting

$6,200

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,900

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$866

YENMAN ENTERPRISES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YENMAN ENTERPRISES 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