Retirement plan

SOMEBURROS MEXICAN FOOD 401(K) PLAN

Name: SOMEBURROS MEXICAN FOOD - SOMEBURROS MEXICAN FOOD 401(K) PLAN (2018) Form 5500
Creator: SOMEBURROS MEXICAN FOOD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOMEBURROS MEXICAN FOOD 401(K) PLAN, SOMEBURROS MEXICAN FOOD

SOMEBURROS MEXICAN FOODEIN 86-0529638Plan #002PY 2018

2440 E. GERMANN ROAD, SUITE 7 - CHANDLER, AZ 85286480-240-9399someburros.comLinkedIn201-500 employeesrestaurants

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$414K

+21.4% from 2017

Total participants

-1.2% from 2017

Average account balance

$37,677

+21.4% from 2017

Annual return

-10.22%

-34.65 pp from 2017

Benchmarks

See 3,192 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,192 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.43M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

16.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$245K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2012

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 codes2E2F2G2J3D3H

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$250

$3 / participant

Other / not subdivided$250100.0%

% of EOY assets

0.060%

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

$37,677

$32,117+17.3%

$71,089-47.0%

$64,173-41.3%

Participation rate

11.3%

42.7%-31.4pp

54.6%-43.4pp

69.6%-58.3pp

Annual return

-10.22%

-5.57%-4.7pp

650.65%-660.9pp

7.63%-17.9pp

Employer contribution / active EE

$389

$712-45.3%

$1,088-64.2%

$2,381-83.6%

Participant deferral / active EE

$959

$1,263-24.1%

$1,873-48.8%

$3,470-72.4%

Admin fee / account holder

$23

$2,759-99.2%

$3,082-99.3%

$4,887-99.5%

SOMEBURROS MEXICAN FOOD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOMEBURROS MEXICAN FOOD 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