Retirement plan

XY PLANNING NETWORK TEAM MEMBER OWNERSHIP PLAN

Name: XY PLANNING NETWORK, INC. - XY PLANNING NETWORK TEAM MEMBER OWNERSHIP PLAN (2024) Form 5500
Creator: XY PLANNING NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, XY PLANNING NETWORK TEAM MEMBER OWNERSHIP PLAN, XY PLANNING NETWORK, INC.

XY PLANNING NETWORK, INC.EIN 85-4378005Plan #001PY 2024

24E. MAIN STREET - BOZEMAN, MT 59715406-413-9200

Prospect flagsLow assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$2M

+28.4% from 2023

Total participants

116

+17.2% from 2023

Average account balance

$17,126

+9.6% from 2023

Annual return

11.66%

-39.13 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 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 codes2O2J2K2H

Plan features

2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$490

$6 / participant

Trustee / custodial$490100.0%

% of EOY assets

0.025%

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: KCOE ISOM LLP
Auditor EIN: 942222122
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,126

$138,386-87.6%

$184,260-90.7%

$80,935-78.8%

Participation rate

100.0%

83.9%+16.1pp

86.8%+13.2pp

67.7%+32.3pp

Annual return

11.66%

20.02%-8.4pp

28.84%-17.2pp

35.66%-24.0pp

Employer contribution / active EE

$3,728

$4,851-23.1%

$6,427-42.0%

$2,757+35.2%

Participant deferral / active EE

$7,076-100.0%

$9,133-100.0%

$4,299-100.0%

Admin fee / account holder

$10,489-100.0%

$13,898-100.0%

$6,924-99.9%

XY PLANNING NETWORK TEAM MEMBER OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

XY PLANNING NETWORK TEAM MEMBER OWNERSHIP 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