Retirement plan

RECYCLED CYCLES 401(K) PLAN

Name: RECYCLED CYCLES - RECYCLED CYCLES 401(K) PLAN (2022) Form 5500
Creator: RECYCLED CYCLES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RECYCLED CYCLES 401(K) PLAN, RECYCLED CYCLES

RECYCLED CYCLESEIN 91-1656149Plan #001PY 2022

1007 NE BOAT STREET - SEATTLE, WA 98105206-547-4491recycledcycles.comLinkedIn51-200 employeeswriting and editing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$734K

-16.2% from 2021

Total participants

-13.3% from 2021

Average account balance

$66,769

+14.3% from 2021

Annual return

-20.45%

-33.36 pp from 2021

Benchmarks

See 9,014 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,014 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.29M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

57.9%

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

$4K

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

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2077

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 codes2E2F2G2J3D

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

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

$14K

$1143 / participant

Other / not subdivided$14K100.0%

% of EOY assets

1.868%

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

$66,769

$106,557-37.3%

$91,227-26.8%

$134,545-50.4%

Participation rate

83.3%

76.8%+6.5pp

73.2%+10.1pp

81.2%+2.1pp

Annual return

-20.45%

160.81%-181.3pp

114.14%-134.6pp

418.37%-438.8pp

Employer contribution / active EE

$1,295

$3,332-61.1%

$2,851-54.6%

$4,742-72.7%

Participant deferral / active EE

$2,943

$4,719-37.6%

$4,234-30.5%

$6,401-54.0%

Admin fee / account holder

$1,247

$6,235-80.0%

$5,423-77.0%

$11,431-89.1%

RECYCLED CYCLES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RECYCLED CYCLES 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