Retirement plan

SOUND PLANNING MEETINGS AND EVENTS 401K PLAN

Name: SOUND PLANNING MEETINGS & EVENTS I, LLC - SOUND PLANNING MEETINGS AND EVENTS 401K PLAN (2022) Form 5500
Creator: SOUND PLANNING MEETINGS & EVENTS I, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND PLANNING MEETINGS AND EVENTS 401K PLAN, SOUND PLANNING MEETINGS & EVENTS I, LLC

SOUND PLANNING MEETINGS & EVENTS I, LLCEIN 81-4318539Plan #001PY 2022

16212 BOTHELL EVERETT HIGHWAY, SUITE F-173 - MILL CREEK, WA 98012206-409-9126sound-planning.comLinkedIn11-50 employeesevents services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$241K

+89.5% from 2021

Total participants

+220.0% from 2021

Average account balance

$18,522

-27.1% from 2021

Annual return

54.08%

+37.88 pp from 2021

Benchmarks

See 17,023 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,023 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$794K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

111.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+24.08%

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 codes2E3D2G2J2F2T3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$15K

$1015 / participant

Other / not subdivided$15K100.0%

% of EOY assets

6.321%

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

$18,522

$93,117-80.1%

$77,096-76.0%

$134,532-86.2%

Participation rate

80.0%

74.5%+5.5pp

67.9%+12.1pp

81.2%-1.2pp

Annual return

54.08%

62.67%-8.6pp

42.35%+11.7pp

418.27%-364.2pp

Employer contribution / active EE

$1,377

$3,420-59.7%

$2,814-51.1%

$4,741-71.0%

Participant deferral / active EE

$2,561

$5,241-51.1%

$4,429-42.2%

$6,401-60.0%

Admin fee / account holder

$1,171

$6,948-83.1%

$5,428-78.4%

$11,429-89.8%

SOUND PLANNING MEETINGS AND EVENTS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND PLANNING MEETINGS AND EVENTS 401K 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