Retirement plan

FIESTA MART, L.L.C. 401(K) RETIREMENT AND SAVINGS PLAN

Name: FIESTA MART, L.L.C. - FIESTA MART, L.L.C. 401(K) RETIREMENT AND SAVINGS PLAN (2020) Form 5500
Creator: FIESTA MART, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIESTA MART, L.L.C. 401(K) RETIREMENT AND SAVINGS PLAN, FIESTA MART, L.L.C.

FIESTA MART, L.L.C.EIN 74-1874033Plan #003PY 2020

5444 WESTHEIMER RD, SUITE 101 - HOUSTON, TX 77056713-866-8201fiestamart.comLinkedIn5001-10000 employeesretail

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed August 1, 1994

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$113.9M

+3.5% from 2019

Total participants

7,916

+42.2% from 2019

Average account balance

$36,589

+10.5% from 2019

Annual return

15.65%

-2.49 pp from 2019

Benchmarks

See 63 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort63 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$100.18M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

1,994

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.

20.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$423

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Recordkeeping fees; Participant loan ...	$406,294
CITIGROUP GLOBAL MARKETS INC1 year Filed as: CITIGROUP GLOBAL MARKERTS, INC. Service code 16	Consulting	$96,823
MILLER KAPLAN ARASE LLP4 years Filed as: MILLER GROSSBARD ADVISORS LLP Service code 10 · EIN 46-2958029	Accounting	$16,000
STRATEGIC BENEFIT ADVISORS1 year Filed as: STRATEGIC BENEFITS ADVISORS. INC Service code 10 · EIN 03-0415817	Accounting	$6,500
MID ATLANTIC CAPITAL CORPORATION6+ years Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 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.
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

$452K

$63 / participant

Investment mgmt$500.0%
Other / not subdivided$452K100.0%

% of EOY assets

0.397%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER GROSSBARD ADVISORS, LLP
Auditor EIN: 462958029
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,589

$40,984-10.7%

$90,951-59.8%

$93,223-60.8%

Participation rate

33.0%

59.7%-26.8pp

69.0%-36.1pp

74.9%-42.0pp

Annual return

15.65%

17.56%-1.9pp

134.60%-118.9pp

19.29%-3.6pp

Employer contribution / active EE

$840-100.0%

$2,122-100.0%

$2,680-100.0%

Participant deferral / active EE

$543

$1,856-70.8%

$3,373-83.9%

$4,563-88.1%

Admin fee / account holder

$145

$75+93.3%

$5,959-97.6%

$79+83.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Recordkeeping fees; Participant loan ...

$406,294

CITIGROUP GLOBAL MARKETS INC1 year

Filed as: CITIGROUP GLOBAL MARKERTS, INC.

Service code 16

Consulting

$96,823

MILLER KAPLAN ARASE LLP4 years

Filed as: MILLER GROSSBARD ADVISORS LLP

Service code 10 · EIN 46-2958029

Accounting

$16,000

STRATEGIC BENEFIT ADVISORS1 year

Filed as: STRATEGIC BENEFITS ADVISORS. INC

Service code 10 · EIN 03-0415817

Accounting

$6,500

MID ATLANTIC CAPITAL CORPORATION6+ years

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

FIESTA MART, L.L.C. 401(K) RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIESTA MART, L.L.C. 401(K) RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

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