Retirement plan

SHONEY'S OF KNOXVILLE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: SHONEY'S OF KNOXVILLE, INC. - SHONEY'S OF KNOXVILLE, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2022) Form 5500
Creator: SHONEY'S OF KNOXVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHONEY'S OF KNOXVILLE, INC. EMPLOYEE STOCK OWNERSHIP PLAN, SHONEY'S OF KNOXVILLE, INC.

SHONEY'S OF KNOXVILLE, INC.EIN 62-0692282Plan #001PY 2022

9720 PARKSIDE DRIVE - KNOXVILLE, TN 37922865-690-6331shoneysknox.comLinkedIn501-1000 employeesrestaurants

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.3M

+22.5% from 2021

Total participants

575

-4.0% from 2021

Average account balance

$21,729

+13.8% from 2021

Annual return

18.64%

-59.68 pp from 2021

Benchmarks

See 788 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort788 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.42M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

220

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.

17.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$155K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$178

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

+1.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2J2Q

Plan features

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.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

Opportunity flags

1 tripped

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

$2K

$6 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THE BAKER GROUP
Auditor EIN: 621796906
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,729

$30,107-27.8%

$61,501-64.7%

$64,824-66.5%

Participation rate

83.1%

36.4%+46.7pp

52.6%+30.5pp

71.5%+11.6pp

Annual return

18.64%

-13.99%+32.6pp

339.04%-320.4pp

32.84%-14.2pp

Employer contribution / active EE

$3,487

$537+549.8%

$1,160+200.7%

$2,507+39.1%

Participant deferral / active EE

$435

$1,126-61.4%

$2,125-79.5%

$4,311-89.9%

Admin fee / account holder

$148-97.4%

$2,132-99.8%

$188-98.0%

SHONEY'S OF KNOXVILLE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHONEY'S OF KNOXVILLE, INC. EMPLOYEE STOCK OWNERSHIP 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