Retirement plan

SUNDAE 401(K) PLAN

Name: SUNDAE, INC. - SUNDAE 401(K) PLAN (2024) Form 5500
Creator: SUNDAE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNDAE 401(K) PLAN, SUNDAE, INC.

SUNDAE, INC.EIN 83-1795790Plan #001PY 2024

236 W. PORTALAVE, #328 - SAN FRANCISCO, CA 94127415-961-8202sundae.comLinkedIn51-200 employeesreal estate

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.1M

+4.1% from 2023

Total participants

125

-18.8% from 2023

Average account balance

$26,780

+25.7% from 2023

Annual return

16.41%

+0.74 pp from 2023

Benchmarks

See 4,153 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,153 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.11M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

116

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$367K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 2 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC3 years Service code 27 24 E COTA STREET · SANTA BARBARA, CA 93101	Advisory (Plan)	$7,812
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$7,000

Plan features & details

Pension benefit codes2S2E3D2G2J2F2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$15K

$309 / participant

Investment mgmt$8K52.7%
Contract admin$7K47.3%

% of EOY assets

0.477%

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: SENSIBA LLP
Auditor EIN: 942370906
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,780

$78,013-65.7%

$178,449-85.0%

$80,911-66.9%

Participation rate

81.3%

65.7%+15.6pp

77.1%+4.2pp

67.6%+13.6pp

Annual return

16.41%

18.07%-1.7pp

27.09%-10.7pp

35.63%-19.2pp

Employer contribution / active EE

$2,287-100.0%

$3,951-100.0%

$2,756-100.0%

Participant deferral / active EE

$7,646

$4,408+73.5%

$6,277+21.8%

$4,297+77.9%

Admin fee / account holder

$128

$7,166-98.2%

$10,362-98.8%

$6,935-98.2%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC3 years

Service code 27

24 E COTA STREET · SANTA BARBARA, CA 93101

Advisory (Plan)

$7,812

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$7,000

SUNDAE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNDAE 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