Retirement plan

ASHLEY FURNITURE HOMESTORE 401(K) PLAN

Name: DUFRESNE SPENCER GROUP HOLDINGS, LLC - ASHLEY FURNITURE HOMESTORE 401(K) PLAN (2022) Form 5500
Creator: DUFRESNE SPENCER GROUP HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASHLEY FURNITURE HOMESTORE 401(K) PLAN, DUFRESNE SPENCER GROUP HOLDINGS, LLC

DUFRESNE SPENCER GROUP HOLDINGS, LLCEIN 06-1668247Plan #001PY 2022

4120 AIR TRANS ROAD - MEMPHIS, TN 38118901-509-8860LinkedIn1001-5000 employeesfurniture

Prospect flagsLow returnsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$17.6M

+2.7% from 2021

Total participants

4,239

+14.5% from 2021

Average account balance

$6,190

-6.9% from 2021

Annual return

-18.23%

-30.19 pp from 2021

Benchmarks

See 367 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort367 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.82M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

402

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1295

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 14 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$160,756
AMERICAN FUNDS2 years Service code 28 · EIN 95-1411037	Investment Management	$0
BARON2 years Filed as: BARON FUNDS Service code 28 767 FIFTH AVENUE · NEW YORK, NY 10153	Investment Management	$0
COHEN & STEERS2 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
DIAMOND HILL2 years Filed as: DIAMOND-HILL FUNDS Service code 28 325 JOHN H. MCCONNELL BLVD · COLUMBUS, OH 43215	Investment Management	$0
EATON VANCE2 years Service code 28 · EIN 04-2718215	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
THE HARTFORD2 years Filed as: HARTFORD MUTUAL FUNDS Service code 28 · EIN 13-3317783	Investment Management	$0
INVESCO2 years Service code 28 · EIN 26-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$161K

$58 / participant

Other / not subdivided$161K100.0%

% of EOY assets

0.915%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER LPA PLLC
Auditor EIN: 821430242
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,190

$39,973-84.5%

$79,580-92.2%

$77,906-92.1%

Participation rate

49.2%

64.6%-15.4pp

69.5%-20.3pp

73.7%-24.5pp

Annual return

-18.23%

3.42%-21.7pp

0.15%-18.4pp

12.16%-30.4pp

Employer contribution / active EE

$316

$1,088-70.9%

$2,413-86.9%

$2,846-88.9%

Participant deferral / active EE

$1,540

$2,774-44.5%

$3,985-61.4%

$4,805-68.0%

Admin fee / account holder

$57

$113-49.8%

$6,835-99.2%

$133-57.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$160,756

AMERICAN FUNDS2 years

Service code 28 · EIN 95-1411037

Investment Management

BARON2 years

Filed as: BARON FUNDS

Service code 28

767 FIFTH AVENUE · NEW YORK, NY 10153

Investment Management

COHEN & STEERS2 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

DIAMOND HILL2 years

Filed as: DIAMOND-HILL FUNDS

Service code 28

325 JOHN H. MCCONNELL BLVD · COLUMBUS, OH 43215

Investment Management

EATON VANCE2 years

Service code 28 · EIN 04-2718215

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

THE HARTFORD2 years

Filed as: HARTFORD MUTUAL FUNDS

Service code 28 · EIN 13-3317783

Investment Management

INVESCO2 years

Service code 28 · EIN 26-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

ASHLEY FURNITURE HOMESTORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASHLEY FURNITURE HOMESTORE 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