Retirement plan

CARDI'S DEPARTMENT STORE, INC. 401(K) RETIREMENT PLAN

Name: CARDI'S DEPARTMENT STORE, INC. D/B/A CARDI'S FURNITURE - CARDI'S DEPARTMENT STORE, INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: CARDI'S DEPARTMENT STORE, INC. D/B/A CARDI'S FURNITURE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDI'S DEPARTMENT STORE, INC. 401(K) RETIREMENT PLAN, CARDI'S DEPARTMENT STORE, INC. D/B/A CARDI'S FURNITURE

CARDI'S DEPARTMENT STORE, INC. D/B/A CARDI'S FURNITUREdba CARDI'S FURNITUREEIN 05-0250316Plan #001PY 2017

1 FURNITURE WAY - SWANSEA, MA 02777508-379-7510

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.5M

+18.6% from 2016

Total participants

377

-13.5% from 2016

Average account balance

$28,180

+30.8% from 2016

Annual return

11.57%

+11.05 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.97M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

426

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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
NEW ENGLAND PENSION CONSULTANTS2+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$31,920
WASHINGTON TRUST COMPANY2+ years Service code 26 23 BROAD ST · WESTERLY, RI 02891	Advisory (Participants)	$23,320
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE TRUST Service code 19 · EIN 84-0519832	Securities Custodian	$10,259

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D2E

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$69K

$243 / participant

Investment mgmt$23K33.7%
Contract admin$7K9.8%
Other / not subdivided$39K56.5%

% of EOY assets

0.661%

all-in expense ratio

Categories reported

2 / 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: DISANTO PRIEST & CO
Auditor EIN: 571139864
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,180

$48,064-41.4%

$78,778-64.2%

$69,631-59.5%

Participation rate

97.9%

61.6%+36.3pp

69.2%+28.7pp

70.7%+27.2pp

Annual return

11.57%

21.81%-10.2pp

35.62%-24.0pp

27571.02%-27559.4pp

Employer contribution / active EE

$575

$744-22.6%

$1,986-71.0%

$2,032-71.7%

Participant deferral / active EE

$2,608

$2,079+25.4%

$2,958-11.9%

$3,224-19.1%

Admin fee / account holder

$186

$152+22.6%

$5,134-96.4%

$110+68.7%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS2+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$31,920

WASHINGTON TRUST COMPANY2+ years

Service code 26

23 BROAD ST · WESTERLY, RI 02891

Advisory (Participants)

$23,320

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE TRUST

Service code 19 · EIN 84-0519832

Securities Custodian

$10,259

CARDI'S DEPARTMENT STORE, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDI'S DEPARTMENT STORE, 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