Retirement plan

SUPER TAQUERIA RESTAURANT, INC. PROFIT SHARING PLAN

Name: SUPER TAQUERIA RESTAURANT, INC. - SUPER TAQUERIA RESTAURANT, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: SUPER TAQUERIA RESTAURANT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPER TAQUERIA RESTAURANT, INC. PROFIT SHARING PLAN, SUPER TAQUERIA RESTAURANT, INC.

SUPER TAQUERIA RESTAURANT, INC.EIN 94-2783127Plan #002PY 2024

911 MCLAUGHLIN AVE - SAN JOSE, CA 95122408-288-9194LinkedIn51-200 employeesrestaurants

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.9M

+25.2% from 2023

Total participants

149

-8.0% from 2023

Average account balance

$26,754

+36.5% from 2023

Annual return

15.85%

+11.53 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.88M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

145

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$400K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.9+ years Service code 15 · EIN 27-2037969	Recordkeeping	$26,009
ALLWORTH FINANCIAL2 years Filed as: ALLWORTH FINANCIAL, LP Service code 27 340 PALLADIO PARKWAY, STE 501 · FOLSOM, CA 95630	Advisory (Plan)	$12,216
LANTAN AND ASSOCIATES1 year Service code 10 700 YGNACIO VALLEY ROAD · WALNUT CREEK, CA 94596	Accounting	$12,000

Plan features & details

Pension benefit codes2A2E3D2G2F2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

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

$54K

$399 / participant

Investment mgmt$12K22.7%
Contract admin$30K55.0%
Other / not subdivided$12K22.3%

% of EOY assets

1.388%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LANTAN AND ASSOCIATES, AN ACCOUNTAN
Auditor EIN: 923971331
Audit fees: $12,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,754

$30,421-12.1%

$56,077-52.3%

$74,429-64.1%

Participation rate

97.0%

32.9%+64.2pp

52.5%+44.5pp

67.2%+29.8pp

Annual return

15.85%

24.94%-9.1pp

1709.28%-1693.4pp

1368.38%-1352.5pp

Employer contribution / active EE

$2,963

$610+385.9%

$1,040+184.8%

$2,625+12.9%

Participant deferral / active EE

$1,175-100.0%

$1,954-100.0%

$4,348-100.0%

Admin fee / account holder

$371

$2,363-84.3%

$2,825-86.9%

$1,944-80.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9+ years

Service code 15 · EIN 27-2037969

Recordkeeping

$26,009

ALLWORTH FINANCIAL2 years

Filed as: ALLWORTH FINANCIAL, LP

Service code 27

340 PALLADIO PARKWAY, STE 501 · FOLSOM, CA 95630

Advisory (Plan)

$12,216

LANTAN AND ASSOCIATES1 year

Service code 10

700 YGNACIO VALLEY ROAD · WALNUT CREEK, CA 94596

Accounting

$12,000

SUPER TAQUERIA RESTAURANT, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPER TAQUERIA RESTAURANT, INC. 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