Retirement plan

PRESTON CINEMA SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: PRESTON CINEMA SYSTEMS - PRESTON CINEMA SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: PRESTON CINEMA SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESTON CINEMA SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, PRESTON CINEMA SYSTEMS

PRESTON CINEMA SYSTEMSEIN 95-3996523Plan #002PY 2021

1659 ELEVENTH STREET, SUITE 100 - SANTA MONICA, CA 90404310-453-1852

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+7.6% from 2020

Total participants

-8.3% from 2020

Average account balance

$206,543

+7.6% from 2020

Annual return

2.87%

-0.80 pp from 2020

Benchmarks

See 21,787 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,787 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.39M

Not enough data

1 years with asset history on file

Average account balance

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

$299K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22074

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$141K

$7812 / participant

Other / not subdivided$141K100.0%

% of EOY assets

3.242%

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

$206,543

$124,346+66.1%

$111,308+85.6%

$167,536+23.3%

Participation rate

94.4%

79.6%+14.8pp

77.3%+17.1pp

82.1%+12.3pp

Annual return

2.87%

37.45%-34.6pp

54.67%-51.8pp

478.82%-475.9pp

Employer contribution / active EE

$2,632

$3,437-23.4%

$2,732-3.7%

$4,839-45.6%

Participant deferral / active EE

$8,017

$5,182+54.7%

$4,487+78.7%

$6,342+26.4%

Admin fee / account holder

$6,696

$10,621-37.0%

$7,965-15.9%

$12,315-45.6%

PRESTON CINEMA SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESTON CINEMA SYSTEMS, INC. 401(K) 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