Retirement plan

CHICK-FIL-A AT SOUTH PLAINS CROSSING 401(K) PROFIT SHARING PLAN

Name: BRANDON WAYNE MULKEY - CHICK-FIL-A AT SOUTH PLAINS CROSSING 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BRANDON WAYNE MULKEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICK-FIL-A AT SOUTH PLAINS CROSSING 401(K) PROFIT SHARING PLAN, BRANDON WAYNE MULKEY

BRANDON WAYNE MULKEYEIN 84-2218201Plan #001PY 2020

6820 SLIDE ROAD - LUBBOCK, TX 79424806-798-1100

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$410K

+44.3% from 2019

Total participants

+3.3% from 2019

Average account balance

$14,129

+29.4% from 2019

Annual return

18.69%

-1.59 pp from 2019

Benchmarks

See 3,552 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,552 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$877K

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$856

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 codes2E2F2J2T3D3H

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).
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$14,129

$37,436-62.3%

$77,513-81.8%

$79,858-82.3%

Participation rate

37.0%

41.5%-4.5pp

54.2%-17.2pp

69.6%-32.6pp

Annual return

18.69%

39.75%-21.1pp

54.81%-36.1pp

31.72%-13.0pp

Employer contribution / active EE

$632

$637-0.8%

$987-36.0%

$2,471-74.4%

Participant deferral / active EE

$717

$1,261-43.1%

$1,861-61.5%

$3,740-80.8%

Admin fee / account holder

$2,505-100.0%

$2,859-100.0%

$5,306-100.0%

CHICK-FIL-A AT SOUTH PLAINS CROSSING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CHICK-FIL-A AT SOUTH PLAINS CROSSING 401(K) PROFIT SHARING 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