Retirement plan

SURYA CARPET, INC. 401(K) PLAN

Name: SURYA CARPET, INC. - SURYA CARPET, INC. 401(K) PLAN (2017) Form 5500
Creator: SURYA CARPET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SURYA CARPET, INC. 401(K) PLAN, SURYA CARPET, INC.

SURYA CARPET, INC.EIN 13-3344243Plan #001PY 2017

1, SURYA DRIVE - WHITE, GA 301842605706-625-4823LinkedIn11-50 employeestextiles

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1.3M

+27.5% from 2016

Total participants

188

+16.8% from 2016

Average account balance

$16,148

+19.5% from 2016

Annual return

15.70%

+9.68 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.44M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

431

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+24.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STARR-MATHEWS FINANCIAL, LLC2 years Service code 27 108 NORTH COURT STREET · CALHOUN, GA 30701	Advisory (Plan)	$13,567
EPIC RETIREMENT PLAN SERVICES2 years Filed as: THE RETIREMENT PLAN COMPANY LLC Service code 24 · EIN 38-3712991	Discretionary Trustee	$7,496

Plan features & details

Pension benefit codes2E2F2G2J2K2T2D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$21K

$130 / participant

Investment mgmt$14K63.4%
Other / not subdivided$8K36.6%

% of EOY assets

1.656%

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: NICHOLS, CAULEY & ASSOCIATES
Auditor EIN: 582475857
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,148

$51,466-68.6%

$78,778-79.5%

$62,293-74.1%

Participation rate

34.1%

59.8%-25.6pp

69.2%-35.0pp

69.5%-35.4pp

Annual return

15.70%

19.96%-4.3pp

35.62%-19.9pp

28.90%-13.2pp

Employer contribution / active EE

$224

$827-73.0%

$1,986-88.7%

$2,042-89.1%

Participant deferral / active EE

$1,097

$2,147-48.9%

$2,958-62.9%

$3,169-65.4%

Admin fee / account holder

$267

$489-45.4%

$5,134-94.8%

$479-44.2%

Provider

Service type

Compensation

STARR-MATHEWS FINANCIAL, LLC2 years

Service code 27

108 NORTH COURT STREET · CALHOUN, GA 30701

Advisory (Plan)

$13,567

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: THE RETIREMENT PLAN COMPANY LLC

Service code 24 · EIN 38-3712991

Discretionary Trustee

$7,496

SURYA CARPET, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SURYA CARPET, INC. 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