Retirement plan

PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC.

Name: TELESCOPE CASUAL FURNITURE, INC. - PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC. (2020) Form 5500
Creator: TELESCOPE CASUAL FURNITURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC., TELESCOPE CASUAL FURNITURE, INC.

TELESCOPE CASUAL FURNITURE, INC.EIN 14-1110750Plan #003PY 2020

85 CHURCH ST. - GRANVILLE, NY 12832518-642-1100telescopecasual.comLinkedIn201-500 employeesfurniture

Other plans on this EIN

2 filings

#002Retirement-$6.7M assets #004Retirement-$1.4M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$13.5M

+8.4% from 2019

Total participants

-10.5% from 2019

Average account balance

$198,970

-9.1% from 2019

Annual return

17.81%

-2.92 pp from 2019

Benchmarks

See 14,882 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,882 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.87M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$231K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21532

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

Top 2 by compensation

Provider	Service type	Compensation
CMJ, LLP5 years Service code 10 · EIN 14-1710385	Accounting	$7,800
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$3,061

Plan features & details

Pension benefit codes2F2G2J2R2T3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$165 / participant

Investment mgmt$2K15.7%
Other / not subdivided$11K84.3%

% of EOY assets

0.095%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CMJ, LLP
Auditor EIN: 141710385
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$198,970

$78,425+153.7%

$95,956+107.4%

$79,858+149.2%

Participation rate

78.2%

73.5%+4.7pp

77.1%+1.1pp

69.6%+8.6pp

Annual return

17.81%

19.37%-1.6pp

91.63%-73.8pp

31.72%-13.9pp

Employer contribution / active EE

$1,945-100.0%

$2,541-100.0%

$2,471-100.0%

Participant deferral / active EE

$2,154

$3,440-37.4%

$4,167-48.3%

$3,740-42.4%

Admin fee / account holder

$190

$5,622-96.6%

$6,797-97.2%

$5,306-96.4%

Provider

Service type

Compensation

CMJ, LLP5 years

Service code 10 · EIN 14-1710385

Accounting

$7,800

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$3,061

PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION SAVINGS PLAN FOR EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC.

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