Retirement plan

THE PURPLE FIG CLEANING CO., LLC 401(K) PLAN

Name: THE PURPLE FIG CLEANING CO., LLC - THE PURPLE FIG CLEANING CO., LLC 401(K) PLAN (2022) Form 5500
Creator: THE PURPLE FIG CLEANING CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PURPLE FIG CLEANING CO., LLC 401(K) PLAN, THE PURPLE FIG CLEANING CO., LLC

THE PURPLE FIG CLEANING CO., LLCEIN 90-0668769Plan #001PY 2022

5555 N. LAMAR BLVD., SUITE K109 - AUSTIN, TX 78751512-351-1405LinkedIn1-10 employeesaccounting

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$161K

+16.5% from 2021

Total participants

+114.3% from 2021

Average account balance

$14,654

-15.3% from 2021

Annual return

-17.41%

-31.98 pp from 2021

Benchmarks

See 17,029 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,029 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$247K

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5012

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 codes2E2J2F2G3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$489

$44 / participant

Other / not subdivided$489100.0%

% of EOY assets

0.303%

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

$14,654

$93,098-84.3%

$77,081-81.0%

$134,509-89.1%

Participation rate

0.0%

74.5%-74.5pp

67.9%-67.9pp

81.2%-81.2pp

Annual return

-17.41%

62.63%-80.0pp

42.33%-59.7pp

418.13%-435.5pp

Employer contribution / active EE

$1,378

$3,419-59.7%

$2,813-51.0%

$4,741-70.9%

Participant deferral / active EE

$3,145

$5,239-40.0%

$4,428-29.0%

$6,400-50.9%

Admin fee / account holder

$44

$6,945-99.4%

$5,427-99.2%

$11,427-99.6%

THE PURPLE FIG CLEANING CO., LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PURPLE FIG CLEANING CO., LLC 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