Retirement plan

TUNEUP MASTERS, 401(K) SAVINGS PLAN

Name: TUNEUP MASTERS, INC. - TUNEUP MASTERS, 401(K) SAVINGS PLAN (2024) Form 5500
Creator: TUNEUP MASTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TUNEUP MASTERS, 401(K) SAVINGS PLAN, TUNEUP MASTERS, INC.

TUNEUP MASTERS, INC.EIN 95-2291444Plan #001PY 2024

110 MILL CROSSING EAST - COLLEYVILLE, TX 76034817-313-2080LinkedIn11-50 employeesfinancial services

Prospect flagsLow fidelity bondWind-down / frozen

How to read this page

Total assets (EOY)

$1.1M

+12.5% from 2023

Total participants

165

-6.3% from 2023

Average account balance

$6,670

+20.0% from 2023

Annual return

12.76%

+1.96 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.10M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

165

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$12,206
SFC CPAS AND CONSULTANTS1 year Service code 10 200 E FRONT STREET · ARLINGTON, TX 76011	Accounting	$12,000

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$24K

Contract admin$12K50.4%
Other / not subdivided$12K49.6%

% of EOY assets

2.200%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SUTTON FROST CARY
Auditor EIN: 350921680
Audit fees: $12,000
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,670

$88,815-92.5%

$81,882-91.9%

$145,897-95.4%

Participation rate

0.0%

75.1%-75.1pp

72.4%-72.4pp

80.3%-80.3pp

Annual return

12.76%

1033.75%-1021.0pp

779.47%-766.7pp

552.29%-539.5pp

Employer contribution / active EE

$3,086-100.0%

$2,916-100.0%

$4,663-100.0%

Participant deferral / active EE

$4,647-100.0%

$4,323-100.0%

$6,689-100.0%

Admin fee / account holder

$147

$8,434-98.3%

$7,360-98.0%

$13,390-98.9%

Provider

Service type

Compensation

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$12,206

SFC CPAS AND CONSULTANTS1 year

Service code 10

200 E FRONT STREET · ARLINGTON, TX 76011

Accounting

$12,000

TUNEUP MASTERS, 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUNEUP MASTERS, 401(K) SAVINGS 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