Retirement plan

TREADWORKS 401(K) PLAN

Name: TREADWORKS LLC - TREADWORKS 401(K) PLAN (2024) Form 5500
Creator: TREADWORKS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TREADWORKS 401(K) PLAN, TREADWORKS LLC

TREADWORKS LLCEIN 85-0399873Plan #001PY 2024

4227 EAST MAIN STREET - FARMINGTON, NM 87402505-327-0286

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$247K

+34.3% from 2023

Total participants

+21.7% from 2023

Average account balance

$24,678

+20.9% from 2023

Annual return

13.63%

+13.63 pp from 2023

Benchmarks

See 9,334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,334 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$3218 / participant

Other / not subdivided$87K100.0%

% of EOY assets

35.211%

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

$24,678

$71,215-65.3%

$93,696-73.7%

$80,935-69.5%

Participation rate

33.3%

60.4%-27.1pp

68.7%-35.4pp

67.7%-34.3pp

Annual return

13.63%

11.27%+2.4pp

133.74%-120.1pp

35.66%-22.0pp

Employer contribution / active EE

$866

$1,565-44.7%

$2,422-64.3%

$2,757-68.6%

Participant deferral / active EE

$3,709

$4,037-8.1%

$4,417-16.0%

$4,299-13.7%

Admin fee / account holder

$8,689

$6,958+24.9%

$8,287+4.9%

$6,924+25.5%

TREADWORKS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TREADWORKS 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