Retirement plan

FOOD-N-FUN, INC. 401(K) PLAN

Name: SPOONBILL VENTURES, LLC - FOOD-N-FUN, INC. 401(K) PLAN (2024) Form 5500
Creator: SPOONBILL VENTURES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOOD-N-FUN, INC. 401(K) PLAN, SPOONBILL VENTURES, LLC

SPOONBILL VENTURES, LLCEIN 82-0736805Plan #001PY 2024

1840 JUTLAND DRIVE - HARVEY, LA 70058337-365-7280LinkedIn1-10 employees

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.5M

+12.1% from 2023

Total participants

176

-37.4% from 2023

Average account balance

$10,745

-9.2% from 2023

Annual return

7.17%

-2.28 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.53M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

142

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

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

+7.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$192

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 4 by compensation

Provider	Service type	Compensation
BRINKER CAPITAL4 years Filed as: BRINKER CAPITAL INVESTMENTS Service code 26 · EIN 13-4109249 17605 WRIGHT ST. · OMAHA, NE 68130	Advisory (Participants)	$7,565
ECONOMIC GROUP PENSION SERVICES4 years Service code 15 · EIN 13-3180178 1245 WEST CAUSEWAY APPROACH · MANDEVILLE, LA 704713041	Recordkeeping	$3,000
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 26 · EIN 59-1237041 880 CARILLION PARKWAY · SAINT PETERSBURG, FL 33716	Advisory (Participants)	$1,772
NATIONWIDE5 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$264

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$27K

$182 / participant

Recordkeeping$9K32.6%
Contract admin$18K67.4%

% of EOY assets

1.786%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PEDELAHORE & CO LLP
Auditor EIN: 720535866
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,745

$59,448-81.9%

$93,696-88.5%

$74,459-85.6%

Participation rate

77.3%

59.6%+17.7pp

68.7%+8.6pp

67.2%+10.1pp

Annual return

7.17%

82.11%-74.9pp

133.74%-126.6pp

1369.70%-1362.5pp

Employer contribution / active EE

$392

$1,266-69.1%

$2,422-83.8%

$2,626-85.1%

Participant deferral / active EE

$1,127

$3,052-63.1%

$4,417-74.5%

$4,350-74.1%

Admin fee / account holder

$192

$3,027-93.7%

$8,287-97.7%

$1,945-90.1%

Provider

Service type

Compensation

BRINKER CAPITAL4 years

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 26 · EIN 13-4109249

17605 WRIGHT ST. · OMAHA, NE 68130

Advisory (Participants)

$7,565

ECONOMIC GROUP PENSION SERVICES4 years

Service code 15 · EIN 13-3180178

1245 WEST CAUSEWAY APPROACH · MANDEVILLE, LA 704713041

Recordkeeping

$3,000

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 26 · EIN 59-1237041

880 CARILLION PARKWAY · SAINT PETERSBURG, FL 33716

Advisory (Participants)

$1,772

NATIONWIDE5 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$264

FOOD-N-FUN, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOOD-N-FUN, INC. 401(K) 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