Retirement plan

THE 401(K) PLAN OF PE GASTRO MANAGEMENT, LLC

Name: PE GASTRO MANAGEMENT, LLC - THE 401(K) PLAN OF PE GASTRO MANAGEMENT, LLC (2023) Form 5500
Creator: PE GASTRO MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PLAN OF PE GASTRO MANAGEMENT, LLC, PE GASTRO MANAGEMENT, LLC

PE GASTRO MANAGEMENT, LLCEIN 84-2396811Plan #001PY 2023

10770 COLUMBIA PIKE, SUITE 400 - SILVER SPRING, MD 20901240-485-5200

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$119.4M

+78.0% from 2022

Total participants

706

+44.7% from 2022

Average account balance

$178,169

+27.0% from 2022

Annual return

74.46%

+72.61 pp from 2022

Benchmarks

See 4,042 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,042 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$136.56M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

861

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$321

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$123,995
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 17 · EIN 13-5674085	Pension Consulting	$85,075
N.A. FALCONE & ASSOCIATES, INC.4+ years Service code 13 · EIN 23-2773128	Contract Administrator	$30,138

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3B3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$221K

$364 / participant

Investment mgmt$41K18.7%
Contract admin$136K61.4%
Other / not subdivided$44K19.9%

% of EOY assets

0.185%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SNYDER COHN, P.C.
Auditor EIN: 521022232
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,169

$47,126+278.1%

$149,673+19.0%

$74,419+139.4%

Participation rate

94.1%

63.4%+30.7pp

78.8%+15.3pp

70.7%+23.3pp

Annual return

74.46%

22.75%+51.7pp

134.42%-60.0pp

34.38%+40.1pp

Employer contribution / active EE

$8,068

$1,905+323.4%

$4,818+67.5%

$2,637+205.9%

Participant deferral / active EE

$7,199

$2,728+163.9%

$5,680+26.8%

$4,528+59.0%

Admin fee / account holder

$329

$343-3.9%

$13,210-97.5%

$348-5.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$123,995

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 17 · EIN 13-5674085

Pension Consulting

$85,075

N.A. FALCONE & ASSOCIATES, INC.4+ years

Service code 13 · EIN 23-2773128

Contract Administrator

$30,138

THE 401(K) PLAN OF PE GASTRO MANAGEMENT, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PLAN OF PE GASTRO MANAGEMENT, LLC

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