Retirement plan

BEST NATURAL BURGER CORPORATION 401(K) AND PROFIT SHARING PLAN

Name: BEST NATURAL BURGER CORPORATION - BEST NATURAL BURGER CORPORATION 401(K) AND PROFIT SHARING PLAN (2020) Form 5500
Creator: BEST NATURAL BURGER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEST NATURAL BURGER CORPORATION 401(K) AND PROFIT SHARING PLAN, BEST NATURAL BURGER CORPORATION

BEST NATURAL BURGER CORPORATIONEIN 80-0821828Plan #001PY 2020

5475 WINDWARD PKWY, SUITE B - ALPARETTA, GA 30004813-727-5825

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$67K

-17.9% from 2019

Total participants

-23.1% from 2019

Average account balance

$11,120

-17.9% from 2019

Annual return

7.07%

-76.92 pp from 2019

Benchmarks

See 8,281 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort8,281 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$125

Not enough data

1 years with asset history on file

Average account balance

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

$31

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.

11.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18252

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 codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$83K

$10341 / participant

Other / not subdivided$83K100.0%

% of EOY assets

123.985%

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

$11,120

$108,226-89.7%

$77,513-85.7%

$158,950-93.0%

Participation rate

50.0%

64.4%-14.4pp

54.2%-4.2pp

82.0%-32.0pp

Annual return

7.07%

31.67%-24.6pp

54.81%-47.7pp

302.91%-295.8pp

Employer contribution / active EE

$732

$1,325-44.8%

$987-25.8%

$4,762-84.6%

Participant deferral / active EE

$7,066

$2,456+187.7%

$1,861+279.7%

$5,983+18.1%

Admin fee / account holder

$13,787

$3,710+271.7%

$2,859+382.2%

$11,248+22.6%

BEST NATURAL BURGER CORPORATION 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEST NATURAL BURGER CORPORATION 401(K) AND PROFIT SHARING 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