Retirement plan

PREP PERFORMANCE CENTER LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: PREP PERFORMANCE CENTER LLC - PREP PERFORMANCE CENTER LLC 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: PREP PERFORMANCE CENTER LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREP PERFORMANCE CENTER LLC 401(K) PROFIT SHARING PLAN & TRUST, PREP PERFORMANCE CENTER LLC

PREP PERFORMANCE CENTER LLCEIN 83-2557947Plan #001PY 2022

4022 N. ROCKWELL ST. - CHICAGO, IL 60618773-844-0240prepperformancecenter.comLinkedIn1-10 employeeshealth, wellness and fitness

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$109K

+2.0% from 2021

Total participants

+100.0% from 2021

Average account balance

$54,588

+2.0% from 2021

Annual return

-20.07%

-46.16 pp from 2021

Benchmarks

See 9,018 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,018 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$270K

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$90

$23 / participant

Other / not subdivided$90100.0%

% of EOY assets

0.082%

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

$54,588

$106,549-48.8%

$91,225-40.2%

$134,509-59.4%

Participation rate

50.0%

76.8%-26.8pp

73.2%-23.2pp

81.2%-31.2pp

Annual return

-20.07%

160.73%-180.8pp

114.10%-134.2pp

418.13%-438.2pp

Employer contribution / active EE

$3,331-100.0%

$2,851-100.0%

$4,741-100.0%

Participant deferral / active EE

$5,912

$4,719+25.3%

$4,234+39.6%

$6,400-7.6%

Admin fee / account holder

$45

$6,234-99.3%

$5,422-99.2%

$11,427-99.6%

PREP PERFORMANCE CENTER LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREP PERFORMANCE CENTER LLC 401(K) PROFIT SHARING PLAN & TRUST

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