Retirement plan

24 HOUR FITNESS SAVINGS AND INVESTMENT PLAN

Name: 24 HOUR FITNESS USA, LLC - 24 HOUR FITNESS SAVINGS AND INVESTMENT PLAN (2024) Form 5500
Creator: 24 HOUR FITNESS USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 24 HOUR FITNESS SAVINGS AND INVESTMENT PLAN, 24 HOUR FITNESS USA, LLC

24 HOUR FITNESS USA, LLCEIN 94-2899899Plan #001PY 2024

1265 LAUREL TREE LANE, #200 - CARLSBAD, CA 92011925-543-3144

Prospect flagsLow participationLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed November 29, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$86.5M

-0.0% from 2023

Total participants

6,637

+16.1% from 2023

Average account balance

$68,464

+20.1% from 2023

Annual return

17.42%

-2.31 pp from 2023

Benchmarks

See 1,214 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,214 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$86.47M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

1,263

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.

10.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$760

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

+17.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$194

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Participant communication; Shareholde...	$126,175
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 16 1920 MAIN STREET · IRVINE, CA 92614	Consulting	$57,600
T ROWE PRICE RPS INC1 year Service code 12 1307 POINT STREET · BALTIMORE, MD 21231	Account maintenance fees; Recordkeepi...	$22,344
CSM&D1 year Filed as: CSM&D LLP Service code 10 1777 BOTELHO DRIVE · WALNUT CREEK, CA 94596	Accounting	$18,500
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$245K

$41 / participant

Recordkeeping$149K60.6%
Investment mgmt$44K17.9%
Other trustee fees$20K8.3%
Other / not subdivided$32K13.2%

% of EOY assets

0.283%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COMYNS SMITH MCCLEARY & DEAVER LLP
Auditor EIN: 680307221
Audit fees: $18,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,464

$99,313-31.1%

$81,882-16.4%

$99,313-31.1%

Participation rate

10.9%

71.7%-60.8pp

72.4%-61.4pp

71.7%-60.8pp

Annual return

17.42%

17.67%-0.3pp

779.47%-762.1pp

17.67%-0.3pp

Employer contribution / active EE

$77

$3,264-97.6%

$2,916-97.3%

$3,264-97.6%

Participant deferral / active EE

$683

$5,346-87.2%

$4,323-84.2%

$5,346-87.2%

Admin fee / account holder

$194

$109+77.6%

$7,360-97.4%

$109+77.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Participant communication; Shareholde...

$126,175

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 16

1920 MAIN STREET · IRVINE, CA 92614

Consulting

$57,600

T ROWE PRICE RPS INC1 year

Service code 12

1307 POINT STREET · BALTIMORE, MD 21231

Account maintenance fees; Recordkeepi...

$22,344

CSM&D1 year

Filed as: CSM&D LLP

Service code 10

1777 BOTELHO DRIVE · WALNUT CREEK, CA 94596

Accounting

$18,500

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

24 HOUR FITNESS SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

24 HOUR FITNESS SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

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