Retirement plan

DESTINATION ENTERPRISES, INC. PROFIT SHARING 401K PLAN

Name: DESTINATION ENTERPRISES, INC. - DESTINATION ENTERPRISES, INC. PROFIT SHARING 401K PLAN (2020) Form 5500
Creator: DESTINATION ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESTINATION ENTERPRISES, INC. PROFIT SHARING 401K PLAN, DESTINATION ENTERPRISES, INC.

DESTINATION ENTERPRISES, INC.EIN 71-0976070Plan #001PY 2020

11940 HAMMACK ST - CULVER CITY, CA 90230310-600-5644LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$395K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+97.6% from 2019

Total participants

-4.8% from 2019

Average account balance

$91,109

+97.6% from 2019

Annual return

71.45%

+43.09 pp from 2019

Benchmarks

See 42,043 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,043 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

104.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$493K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+10.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18689

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$121K

$6370 / participant

Other / not subdivided$121K100.0%

% of EOY assets

6.642%

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

$91,109

$115,796-21.3%

$101,264-10.0%

$158,950-42.7%

Participation rate

100.0%

79.4%+20.6pp

75.8%+24.2pp

82.0%+18.0pp

Annual return

71.45%

56.15%+15.3pp

46.48%+25.0pp

302.91%-231.5pp

Employer contribution / active EE

$10,194

$4,175+144.2%

$3,660+178.5%

$4,762+114.1%

Participant deferral / active EE

$8,867

$4,958+78.8%

$4,370+102.9%

$5,983+48.2%

Admin fee / account holder

$6,052

$7,247-16.5%

$5,947+1.8%

$11,248-46.2%

DESTINATION ENTERPRISES, INC. PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESTINATION ENTERPRISES, INC. PROFIT SHARING 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