Retirement plan

DESIGN AMERICA IMPORT CORP. 401(K) PLAN

Name: DESIGN AMERICA IMPORT CORP. - DESIGN AMERICA IMPORT CORP. 401(K) PLAN (2018) Form 5500
Creator: DESIGN AMERICA IMPORT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESIGN AMERICA IMPORT CORP. 401(K) PLAN, DESIGN AMERICA IMPORT CORP.

DESIGN AMERICA IMPORT CORP.EIN 13-3560258Plan #001PY 2018

99 MADISON AVE, SUITE 902 - NEW YORK, NY 10016212-629-3955

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$780K

+8.0% from 2017

Total participants

+30.0% from 2017

Average account balance

$70,941

-21.4% from 2017

Annual return

-6.11%

-22.31 pp from 2017

Benchmarks

See 22,374 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,374 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

54.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$164K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4958

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 codes2E2F2J2T3D

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).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$18K

$1492 / participant

Other / not subdivided$18K100.0%

% of EOY assets

2.294%

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

$70,941

$135,645-47.7%

$110,243-35.7%

$135,380-47.6%

Participation rate

83.3%

83.5%-0.1pp

79.8%+3.5pp

82.6%+0.7pp

Annual return

-6.11%

513.24%-519.3pp

314.76%-320.9pp

519.81%-525.9pp

Employer contribution / active EE

$3,662

$4,907-25.4%

$3,827-4.3%

$4,779-23.4%

Participant deferral / active EE

$6,343

$5,507+15.2%

$4,672+35.8%

$5,609+13.1%

Admin fee / account holder

$1,628

$11,458-85.8%

$8,548-81.0%

$10,828-85.0%

DESIGN AMERICA IMPORT CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESIGN AMERICA IMPORT CORP. 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