Retirement plan

ME-N-ED'S PIZZERIA 401(K) RETIREMENT PLAN

Name: MILANO RESTAURANTS INTERNATIONAL CORP. - ME-N-ED'S PIZZERIA 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: MILANO RESTAURANTS INTERNATIONAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ME-N-ED'S PIZZERIA 401(K) RETIREMENT PLAN, MILANO RESTAURANTS INTERNATIONAL CORP.

MILANO RESTAURANTS INTERNATIONAL CORP.EIN 75-2644910Plan #001PY 2024

6729 N. PALM AVE., SUITE 200 - FRESNO, CA 93704559-432-0399milano-ri.comLinkedIn501-1000 employeesrestaurants

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$2.5M

+15.2% from 2023

Total participants

496

+3.1% from 2023

Average account balance

$29,637

+41.3% from 2023

Annual return

13.13%

-0.08 pp from 2023

Benchmarks

See 935 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort935 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.49M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

12.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$132K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$279

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA LIFE INS CO. Service code 15 · EIN 39-0989781 440 MAMARONECK AVE · HARRISON, NY 10528	Recordkeeping	$11,206
NEXUS ADMINISTRATORS, INC.1 year Filed as: NEXUS ADMINISTRATORS Service code 15 · EIN 77-0586222 735 W ALLUVIAL AVE SUITE 101 · FRESNO, CA 93711	Recordkeeping	$5,398
LPL FINANCIAL3 years Service code 22 · EIN 95-2834236 4707 EXECUTIVE DR · SAN DIEGO, CA 921213091	Insurance Broker	$0

Plan features & details

Pension benefit codes2F2G2J2K3D3H

Plan features

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.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$17K

$36 / participant

Contract admin$17K100.0%

% of EOY assets

0.681%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEMERA DEMERA CAMERON LLP
Auditor EIN: 203942205
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,637

$29,507+0.4%

$56,025-47.1%

$77,762-61.9%

Participation rate

12.7%

32.7%-20.0pp

52.5%-39.8pp

70.6%-57.9pp

Annual return

13.13%

18.90%-5.8pp

1712.69%-1699.6pp

31.27%-18.1pp

Employer contribution / active EE

$52

$570-90.9%

$1,042-95.0%

$2,728-98.1%

Participant deferral / active EE

$227

$1,062-78.6%

$1,955-88.4%

$4,651-95.1%

Admin fee / account holder

$202

$1,041-80.6%

$2,828-92.9%

$433-53.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Filed as: TRANSAMERICA LIFE INS CO.

Service code 15 · EIN 39-0989781

440 MAMARONECK AVE · HARRISON, NY 10528

Recordkeeping

$11,206

NEXUS ADMINISTRATORS, INC.1 year

Filed as: NEXUS ADMINISTRATORS

Service code 15 · EIN 77-0586222

735 W ALLUVIAL AVE SUITE 101 · FRESNO, CA 93711

Recordkeeping

$5,398

LPL FINANCIAL3 years

Service code 22 · EIN 95-2834236

4707 EXECUTIVE DR · SAN DIEGO, CA 921213091

Insurance Broker

ME-N-ED'S PIZZERIA 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ME-N-ED'S PIZZERIA 401(K) RETIREMENT 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