Retirement plan

EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC.

Name: LUCKY WISHBONE, INC. - EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC. (2019) Form 5500
Creator: LUCKY WISHBONE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC., LUCKY WISHBONE, INC.

LUCKY WISHBONE, INC.EIN 99-0146200Plan #001PY 2019

1033 E 5TH AVE - ANCHORAGE, AK 995012738907-272-3454luckywishbone.comLinkedIn11-50 employeesbanking

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$984K

+15.5% from 2018

Total participants

-5.7% from 2018

Average account balance

$30,741

+22.7% from 2018

Annual return

20.39%

+28.80 pp from 2018

Benchmarks

See 7,712 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort7,712 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.73M

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.

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.

226.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

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

+14.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1144

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 codes2F2G3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$60K

$4606 / participant

Other / not subdivided$60K100.0%

% of EOY assets

6.087%

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

$30,741

$108,695-71.7%

$74,722-58.9%

$152,897-79.9%

Participation rate

92.3%

65.4%+27.0pp

54.5%+37.8pp

82.5%+9.9pp

Annual return

20.39%

114.11%-93.7pp

753.11%-732.7pp

345.43%-325.0pp

Employer contribution / active EE

$1,504-100.0%

$1,084-100.0%

$4,764-100.0%

Participant deferral / active EE

$1,347

$2,712-50.3%

$1,963-31.4%

$5,851-77.0%

Admin fee / account holder

$1,871

$4,906-61.9%

$3,335-43.9%

$11,599-83.9%

EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC.

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