Retirement plan

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS

Name: JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS - 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS (2024) Form 5500
Creator: JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS, JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS

JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKSEIN 91-1736744Plan #001PY 2024

550 NE NORTHGATE WAY - SEATTLE, WA 981256107206-527-1108

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3M

+16.8% from 2023

Total participants

+1.7% from 2023

Average account balance

$53,327

+16.8% from 2023

Annual return

18.74%

-4.10 pp from 2023

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$249K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5286

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 codes2G3D2J2T

Plan features

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$301K

$7930 / participant

Other / not subdivided$301K100.0%

% of EOY assets

9.913%

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

$53,327

$71,230-25.1%

$93,727-43.1%

$80,959-34.1%

Participation rate

94.7%

60.4%+34.3pp

68.7%+26.0pp

67.7%+27.1pp

Annual return

18.74%

11.26%+7.5pp

133.83%-115.1pp

35.67%-16.9pp

Employer contribution / active EE

$1,565-100.0%

$2,421-100.0%

$2,757-100.0%

Participant deferral / active EE

$6,561

$4,037+62.5%

$4,417+48.5%

$4,300+52.6%

Admin fee / account holder

$5,286

$6,961-24.1%

$8,292-36.2%

$6,925-23.7%

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF JEWELRYWORKS GROUP, INC. DBA GREEN LAKE JEWELRY WORKS

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