Retirement plan

7 MAGIC FLOWERS RETIREMENT PLAN

Name: 7 MAGIC FLOWERS - 7 MAGIC FLOWERS RETIREMENT PLAN (2020) Form 5500
Creator: 7 MAGIC FLOWERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 7 MAGIC FLOWERS RETIREMENT PLAN, 7 MAGIC FLOWERS

7 MAGIC FLOWERSEIN 81-3982399Plan #001PY 2020

1975 CAMBRIANNA DR. - SAN JOSE, CA 95124669-237-4050

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$24K

+289.3% from 2019

Total participants

+30.0% from 2019

Average account balance

$1,870

+109.6% from 2019

Annual return

23.17%

+23.17 pp from 2019

Benchmarks

See 6,196 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$170K

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

158.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$784

$196 / participant

Other / not subdivided$784100.0%

% of EOY assets

3.225%

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

$1,870

$81,664-97.7%

$70,476-97.3%

$158,966-98.8%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

23.17%

208.59%-185.4pp

109.12%-85.9pp

302.95%-279.8pp

Employer contribution / active EE

$2,958

$3,219-8.1%

$2,738+8.0%

$4,762-37.9%

Participant deferral / active EE

$1,393

$4,556-69.4%

$3,710-62.5%

$5,983-76.7%

Admin fee / account holder

$60

$6,197-99.0%

$3,847-98.4%

$11,250-99.5%

7 MAGIC FLOWERS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

7 MAGIC FLOWERS 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