Retirement plan

ONE FOODSERVICE MANAGEMENT AND INVESTMENT COMPANY 401(K) PLAN

Name: ONE THE CHEESE STEAK SHOP, LLC - ONE FOODSERVICE MANAGEMENT AND INVESTMENT COMPANY 401(K) PLAN (2023) Form 5500
Creator: ONE THE CHEESE STEAK SHOP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ONE FOODSERVICE MANAGEMENT AND INVESTMENT COMPANY 401(K) PLAN, ONE THE CHEESE STEAK SHOP, LLC

ONE THE CHEESE STEAK SHOP, LLCEIN 82-3880429Plan #001PY 2023

2300 CONTRA COSTA BOULEVARD, SUITE 510 - PLEASANT HILL, CA 94523510-724-7100

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$572K

+1071.4% from 2022

Total participants

-5.1% from 2022

Average account balance

$47,693

+1266.6% from 2022

Annual return

934.68%

+934.68 pp from 2022

Benchmarks

See 6,173 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,173 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$702K

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

7.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$425

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

+11.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1139

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 codes2E2F2G2J2T3D3H

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.
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

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

$28K

$305 / participant

Other / not subdivided$28K100.0%

% of EOY assets

4.964%

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

$47,693

$27,924+70.8%

$58,544-18.5%

$75,181-36.6%

Participation rate

11.8%

38.8%-27.0pp

50.9%-39.0pp

67.2%-55.4pp

Annual return

934.68%

44.20%+890.5pp

4249.56%-3314.9pp

160.69%+774.0pp

Employer contribution / active EE

$373

$669-44.2%

$1,053-64.5%

$2,671-86.0%

Participant deferral / active EE

$640

$1,202-46.7%

$1,923-66.7%

$4,126-84.5%

Admin fee / account holder

$2,367

$1,726+37.1%

$2,520-6.0%

$5,650-58.1%

ONE FOODSERVICE MANAGEMENT AND INVESTMENT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ONE FOODSERVICE MANAGEMENT AND INVESTMENT COMPANY 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