Retirement plan

THREADZ OF LOVE, INC. 401(K) PLAN

Name: THREADZ OF LOVE, INC. - THREADZ OF LOVE, INC. 401(K) PLAN (2023) Form 5500
Creator: THREADZ OF LOVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THREADZ OF LOVE, INC. 401(K) PLAN, THREADZ OF LOVE, INC.

THREADZ OF LOVE, INC.EIN 83-3286370Plan #001PY 2023

110 EAST 9TH ST., #C-721 - LOS ANGELES, CA 90079213-275-1670

Other plans on this EIN

1 filing

#002Retirement-$722K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$242K

+262.5% from 2022

Total participants

+14.3% from 2022

Average account balance

$30,211

+217.2% from 2022

Annual return

6.04%

+4.47 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$441K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+5.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$882

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$405 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.340%

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

$30,211

$95,580-68.4%

$76,872-60.7%

$139,466-78.3%

Participation rate

100.0%

74.0%+26.0pp

69.6%+30.4pp

80.3%+19.7pp

Annual return

6.04%

55.00%-49.0pp

37.90%-31.9pp

373.66%-367.6pp

Employer contribution / active EE

$14,041

$3,145+346.5%

$2,533+454.3%

$4,754+195.4%

Participant deferral / active EE

$7,500

$4,623+62.2%

$3,832+95.7%

$6,712+11.7%

Admin fee / account holder

$405

$8,302-95.1%

$5,476-92.6%

$11,409-96.5%

THREADZ OF LOVE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THREADZ OF LOVE, 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