Retirement plan

RED LERILLE'S HEALTH & RACQUET CUB, LLC PROFIT SHARING 401(K) PLAN

Name: RED LERILLE'S HEALTH & RACQUET CLUB, LLC - RED LERILLE'S HEALTH & RACQUET CUB, LLC PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: RED LERILLE'S HEALTH & RACQUET CLUB, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED LERILLE'S HEALTH & RACQUET CUB, LLC PROFIT SHARING 401(K) PLAN, RED LERILLE'S HEALTH & RACQUET CLUB, LLC

RED LERILLE'S HEALTH & RACQUET CLUB, LLCEIN 72-0760645Plan #001PY 2022

301 DOUCET ROAD - LAFAYETTE, LA 70503337-984-7738redlerilles.comLinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.3M

-26.8% from 2021

Total participants

-14.8% from 2021

Average account balance

$198,208

-20.3% from 2021

Annual return

-20.83%

-37.96 pp from 2021

Benchmarks

See 2,894 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,894 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.75M

Not enough data

1 years with asset history on file

Average account balance

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

$239K

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.

65.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$285K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4619

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 codes2E2F2G2J2T3D2R

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

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

$1.3M

$24755 / participant

Other / not subdivided$1M100.0%

% of EOY assets

10.066%

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

$198,208

$46,697+324.5%

$117,533+68.6%

$68,486+189.4%

Participation rate

96.3%

56.8%+39.5pp

70.6%+25.7pp

67.9%+28.4pp

Annual return

-20.83%

-14.52%-6.3pp

29.77%-50.6pp

-7.85%-13.0pp

Employer contribution / active EE

$1,632

$1,506+8.4%

$4,179-60.9%

$2,597-37.1%

Participant deferral / active EE

$3,218

$2,637+22.0%

$4,072-21.0%

$4,028-20.1%

Admin fee / account holder

$19,952

$4,023+396.0%

$5,647+253.3%

$5,404+269.2%

RED LERILLE'S HEALTH & RACQUET CUB, LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED LERILLE'S HEALTH & RACQUET CUB, LLC PROFIT SHARING 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