Retirement plan

TEAL WEALTH MANAGEMENT 401(K) PLAN

Name: FOURSTARDAVE, LLC D/B/A TEAL WEALTH MANAGEMENT - TEAL WEALTH MANAGEMENT 401(K) PLAN (2020) Form 5500
Creator: FOURSTARDAVE, LLC D/B/A TEAL WEALTH MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAL WEALTH MANAGEMENT 401(K) PLAN, FOURSTARDAVE, LLC D/B/A TEAL WEALTH MANAGEMENT

FOURSTARDAVE, LLC D/B/A TEAL WEALTH MANAGEMENTEIN 82-5460076Plan #001PY 2020

18 DIVISION STREET, SUITE 209 - SARATOGA SPRINGS, NY 12866518-581-7550

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$264K

+162.1% from 2019

Total participants

+6.3% from 2019

Average account balance

$16,500

+96.6% from 2019

Annual return

72.38%

+41.03 pp from 2019

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$314K

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17686

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 codes2E2F2G2J3B3D3H

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.
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.
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

1 tripped

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

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

$16,500

$197,637-91.7%

$177,848-90.7%

$158,982-89.6%

Participation rate

93.3%

88.5%+4.8pp

87.7%+5.6pp

82.0%+11.4pp

Annual return

72.38%

58.77%+13.6pp

48.33%+24.1pp

302.99%-230.6pp

Employer contribution / active EE

$1,770

$6,698-73.6%

$5,919-70.1%

$4,763-62.8%

Participant deferral / active EE

$4,255

$8,405-49.4%

$7,714-44.8%

$5,983-28.9%

Admin fee / account holder

$15,406-100.0%

$12,431-100.0%

$11,252-100.0%

TEAL WEALTH MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TEAL WEALTH MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion