Retirement plan

EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC.

Name: LUCKY WISHBONE, INC. - EMPLOYEE BENEFIT PLAN OF LUCKY WISHBONE, INC. (2023) 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 2023

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)

$1.2M

+15.3% from 2022

Total participants

-2.3% from 2022

Average account balance

$28,933

+12.5% from 2022

Annual return

23.67%

+46.60 pp from 2022

Benchmarks

See 12,893 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort12,893 peers

Snapshot2023

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 codes2G3D2J

Plan features

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

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

$120K

$7525 / participant

Other / not subdivided$120K100.0%

% of EOY assets

10.149%

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

$28,933

$81,749-64.6%

$58,544-50.6%

$139,456-79.3%

Participation rate

93.8%

61.3%+32.4pp

50.9%+42.9pp

80.3%+13.4pp

Annual return

23.67%

7425.45%-7401.8pp

4249.56%-4225.9pp

373.45%-349.8pp

Employer contribution / active EE

$1,398-100.0%

$1,053-100.0%

$4,753-100.0%

Participant deferral / active EE

$2,152

$2,555-15.8%

$1,923+11.9%

$6,711-67.9%

Admin fee / account holder

$2,936

$3,272-10.3%

$2,520+16.5%

$11,407-74.3%

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