Retirement plan

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

Name: TELESCOPE CASUAL FURNITURE, INC. - PENSION SAVINGS PLAN FOR PRODUCTION EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC. (2017) Form 5500
Creator: TELESCOPE CASUAL FURNITURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION SAVINGS PLAN FOR PRODUCTION EMPLOYEES OF TELESCOPE CASUAL FURNITURE, INC., TELESCOPE CASUAL FURNITURE, INC.

TELESCOPE CASUAL FURNITURE, INC.EIN 14-1110750Plan #004PY 2017

P.O. BOX 299 - GRANVILLE, NY 12832518-642-1100telescopecasual.comLinkedIn201-500 employeesfurniture

Other plans on this EIN

2 filings

#003Retirement-$13.4M assets #002Retirement-$6.8M assets

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.3M

+16.4% from 2016

Total participants

152

-14.6% from 2016

Average account balance

$11,180

+19.4% from 2016

Annual return

15.61%

+10.10 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.94M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

241

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.

44.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$788

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

+15.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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
GLENS FALLS NATIONAL BANK AND TRUST3+ years Service code 15 · EIN 14-0696635	Recordkeeping	$12,181
CMJ, LLP3+ years Filed as: CMJ Service code 10 · EIN 14-1710385	Accounting	$6,500

Plan features & details

Pension benefit codes2E2F2G2J2T3D2S

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.
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

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$19K

$187 / participant

Investment mgmt$6K30.7%
Contract admin$6K34.6%
Other / not subdivided$7K34.8%

% of EOY assets

1.416%

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: CMJ LLP
Auditor EIN: 141710385
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,180

$64,909-82.8%

$82,313-86.4%

$62,293-82.1%

Participation rate

66.0%

74.9%-8.9pp

76.9%-10.9pp

69.5%-3.5pp

Annual return

15.61%

21.18%-5.6pp

25.88%-10.3pp

28.90%-13.3pp

Employer contribution / active EE

$1,676-100.0%

$2,428-100.0%

$2,042-100.0%

Participant deferral / active EE

$552

$3,103-82.2%

$3,706-85.1%

$3,169-82.6%

Admin fee / account holder

$158

$440-64.0%

$5,608-97.2%

$479-67.0%

Provider

Service type

Compensation

GLENS FALLS NATIONAL BANK AND TRUST3+ years

Service code 15 · EIN 14-0696635

Recordkeeping

$12,181

CMJ, LLP3+ years

Filed as: CMJ

Service code 10 · EIN 14-1710385

Accounting

$6,500

PENSION SAVINGS PLAN FOR PRODUCTION 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 PRODUCTION 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