Retirement plan

SPARK TEAM ASSOCIATES ONE 401(K) PLAN

Name: AMERGENT HOSPITALITY GROUP INC. - SPARK TEAM ASSOCIATES ONE 401(K) PLAN (2022) Form 5500
Creator: AMERGENT HOSPITALITY GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPARK TEAM ASSOCIATES ONE 401(K) PLAN, AMERGENT HOSPITALITY GROUP INC.

AMERGENT HOSPITALITY GROUP INC.EIN 84-4842958Plan #001PY 2022

7529 RED OAK LANE - CHARLOTTE, NC 28226704-366-5122chanticleerholdings.comLinkedIn51-200 employeesrestaurants

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$60K

No prior year

Total participants

205

No prior year

Average account balance

$320

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,187 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,187 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50

Not enough data

1 years with asset history on file

Average account balance

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

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.

109

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.

56.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$478

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

-4.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$421

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 1 by compensation

Provider	Service type	Compensation
VESTWELL1+ years Service code 13 · EIN 81-3062212 1410 BROADWAY FL 23 · NEW YORK, NY 10018	Contract Administrator	$1,759

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$23 / participant

Contract admin$4K100.0%

% of EOY assets

7.277%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW TEXAS PPLC
Auditor EIN: 364745545
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$320

$37,440-99.1%

$77,081-99.6%

$66,930-99.5%

Participation rate

90.6%

52.9%+37.7pp

67.9%+22.7pp

69.8%+20.8pp

Annual return

0.00%

-3.26%+3.3pp

42.33%-42.3pp

1.57%-1.6pp

Employer contribution / active EE

$1,534-100.0%

$2,813-100.0%

$2,545-100.0%

Participant deferral / active EE

$320

$2,620-87.8%

$4,428-92.8%

$4,238-92.4%

Admin fee / account holder

$23

$568-95.9%

$5,427-99.6%

$593-96.1%

Provider

Service type

Compensation

VESTWELL1+ years

Service code 13 · EIN 81-3062212

1410 BROADWAY FL 23 · NEW YORK, NY 10018

Contract Administrator

$1,759

SPARK TEAM ASSOCIATES ONE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPARK TEAM ASSOCIATES ONE 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