Retirement plan

EDGEMINE, INC. PROFIT SHARING 401(K) PLAN

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

EDGEMINE, INC.EIN 95-4775330Plan #001PY 2024

1801 E. 50TH STREET - LOS ANGELES, CA 90058323-267-8222edgemine.comLinkedIn51-200 employeesapparel & fashion

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$4.6M

+19.0% from 2023

Total participants

139

-24.9% from 2023

Average account balance

$40,022

+16.9% from 2023

Annual return

14.21%

-4.78 pp from 2023

Benchmarks

See 2,587 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,587 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.60M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

115

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.

70.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$423

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
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH -EPS Service code 26 · EIN 13-5674085 150 N.COLLEGE STREET · CHARLOTTE, NC 28202	Advisory (Participants)	$10,301
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH -FAS Service code 26 · EIN 13-5674085 150 N.COLLEGE STREET · CHARLOTTE, NC 28202	Advisory (Participants)	$10,301
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, · BUFFALO, NY 142010600	Recordkeeping	$522

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$49K

$601 / participant

Investment mgmt$21K42.4%
Contract admin$28K57.6%

% of EOY assets

1.057%

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: KIM & LEE, LLP
Auditor EIN: 208786289
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,022

$63,845-37.3%

$81,370-50.8%

$80,959-50.6%

Participation rate

70.4%

63.9%+6.5pp

69.5%+0.8pp

67.7%+2.7pp

Annual return

14.21%

16.37%-2.2pp

24.85%-10.6pp

35.67%-21.5pp

Employer contribution / active EE

$2,664

$1,980+34.6%

$2,464+8.1%

$2,757-3.4%

Participant deferral / active EE

$5,188

$3,093+67.7%

$3,885+33.5%

$4,300+20.6%

Admin fee / account holder

$423

$5,688-92.6%

$5,749-92.6%

$6,925-93.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH -EPS

Service code 26 · EIN 13-5674085

150 N.COLLEGE STREET · CHARLOTTE, NC 28202

Advisory (Participants)

$10,301

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH -FAS

Service code 26 · EIN 13-5674085

150 N.COLLEGE STREET · CHARLOTTE, NC 28202

Advisory (Participants)

$10,301

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Service code 15 · EIN 01-0233346

RETIREMENT PLAN SERVICES, · BUFFALO, NY 142010600

Recordkeeping

$522

EDGEMINE, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDGEMINE, INC. PROFIT SHARING 401(K) 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