Retirement plan

SOUTHWEST STRINGS 401(K) PROFIT SHARING PLAN

Name: SOUTHWESTERN STRINGED INSTRUMENTS, INC. - SOUTHWEST STRINGS 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SOUTHWESTERN STRINGED INSTRUMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWEST STRINGS 401(K) PROFIT SHARING PLAN, SOUTHWESTERN STRINGED INSTRUMENTS, INC.

SOUTHWESTERN STRINGED INSTRUMENTS, INC.EIN 86-0463716Plan #003PY 2021

1721 SOUTH CHERRYBELL STRAVENUE - TUCSON, AZ 85713800-528-3430LinkedIn11-50 employeesmusic

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$176K

+77.7% from 2020

Total participants

+4.3% from 2020

Average account balance

$7,637

+77.7% from 2020

Annual return

11.84%

+11.84 pp from 2020

Benchmarks

See 8,318 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort8,318 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$469K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

116.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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 codes2E2G2J2T3D2F2H

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.
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.
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.

Opportunity flags

1 tripped

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

$174 / participant

Other / not subdivided$4K100.0%

% of EOY assets

2.083%

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

$7,637

$127,296-94.0%

$109,907-93.1%

$167,536-95.4%

Participation rate

95.2%

77.9%+17.4pp

74.2%+21.0pp

82.1%+13.1pp

Annual return

11.84%

22.97%-11.1pp

29.46%-17.6pp

478.82%-467.0pp

Employer contribution / active EE

$1,131

$3,325-66.0%

$2,844-60.2%

$4,839-76.6%

Participant deferral / active EE

$2,121

$4,513-53.0%

$4,047-47.6%

$6,342-66.6%

Admin fee / account holder

$159

$7,119-97.8%

$6,069-97.4%

$12,315-98.7%

SOUTHWEST STRINGS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWEST STRINGS 401(K) PROFIT SHARING 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