Retirement plan

FALVEY LINEN SUPPLY, INC. 401(K) RETIREMENT PLAN

Name: FALVEY LINEN SUPPLY, INC. - FALVEY LINEN SUPPLY, INC. 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: FALVEY LINEN SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FALVEY LINEN SUPPLY, INC. 401(K) RETIREMENT PLAN, FALVEY LINEN SUPPLY, INC.

FALVEY LINEN SUPPLY, INC.EIN 05-0137694Plan #001PY 2020

50 BURNHAM AVENUE - CRANSTON, RI 02910401-942-8900falveylinen.comLinkedIn201-500 employeesfacilities services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$12.7M

+7.3% from 2019

Total participants

261

-25.0% from 2019

Average account balance

$59,998

+41.4% from 2019

Annual return

15.28%

-7.52 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.79M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

241

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.

60.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 10 of 17 by compensation

Provider	Service type	Compensation
THE ANGELL PENSION GROUP, INC.6+ years Service code 13 · EIN 04-2530412	Contract Administrator	$20,786
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 49 · EIN 04-1590850	Other Services	$11,880
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$7,360
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
COHEN & STEERS1 year Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-2466841	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4 years Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
GOLDMAN SACHS4 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$62 / participant

Contract admin$12K100.0%

% of EOY assets

0.094%

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: FARMER & FIRST, CPA'S
Auditor EIN: 050519103
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,998

$66,124-9.3%

$90,440-33.7%

$73,493-18.4%

Participation rate

74.1%

69.7%+4.4pp

72.7%+1.4pp

70.7%+3.4pp

Annual return

15.28%

17.65%-2.4pp

1294.38%-1279.1pp

28.51%-13.2pp

Employer contribution / active EE

$3,164

$2,346+34.9%

$3,263-3.0%

$2,270+39.4%

Participant deferral / active EE

$2,142

$3,039-29.5%

$3,964-45.9%

$3,740-42.7%

Admin fee / account holder

$56

$396-85.8%

$5,615-99.0%

$513-89.0%

Provider

Service type

Compensation

THE ANGELL PENSION GROUP, INC.6+ years

Service code 13 · EIN 04-2530412

Contract Administrator

$20,786

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 49 · EIN 04-1590850

Other Services

$11,880

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$7,360

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

COHEN & STEERS1 year

Service code 52 · EIN 14-1904657

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-2466841

Indirect Investment Fees

FRANKLIN TEMPLETON4 years

Service code 52 · EIN 13-2573775

Indirect Investment Fees

GOLDMAN SACHS4 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

FALVEY LINEN SUPPLY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FALVEY LINEN SUPPLY, INC. 401(K) RETIREMENT 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