Retirement plan

SUNSHINE ACE HARDWARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: SUNSHINE ACE HARDWARE, INC. - SUNSHINE ACE HARDWARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: SUNSHINE ACE HARDWARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNSHINE ACE HARDWARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST, SUNSHINE ACE HARDWARE, INC.

SUNSHINE ACE HARDWARE, INC.EIN 20-0201457Plan #001PY 2024

9148 BONITA BEACH ROAD, UNIT 207 - BONITA SPRINGS, FL 34135239-992-0454sunshineace.comLinkedIn201-500 employeesretail

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.4M

+10.2% from 2023

Total participants

565

-0.4% from 2023

Average account balance

$61,228

+12.3% from 2023

Annual return

10.99%

-4.31 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.41M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

317

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.

51.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$59,339
NAPLES ASSET MANAGEMENT CO LLC5+ years Filed as: NAPLES ASSET MGMT COMPANY, LLC Service code 27 · EIN 20-2190247 999 VANDERBILT BEACH RD. · NAPLES, FL 34108	Advisory (Plan)	$38,978
THE AIMPOINT GROUP5+ years Filed as: THE AIMPOINT GROUP, LLC Service code 13 · EIN 27-1536868 PO BOX 220156 · HOLLYWOOD, FL 33076	Contract Administrator	$21,419

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

3 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$79K

$154 / participant

Recordkeeping$76K97.3%
Other / not subdivided$2K2.7%

% of EOY assets

0.405%

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: KABAT, SCHERTZER, DE LA TORRE, TARA
Auditor EIN: 260547877
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,228

$54,193+13.0%

$93,669-34.6%

$77,714-21.2%

Participation rate

51.5%

63.9%-12.5pp

68.7%-17.3pp

70.6%-19.1pp

Annual return

10.99%

30.54%-19.6pp

133.59%-122.6pp

31.26%-20.3pp

Employer contribution / active EE

$1,161

$1,168-0.6%

$2,424-52.1%

$2,727-57.4%

Participant deferral / active EE

$1,739

$3,144-44.7%

$4,416-60.6%

$4,649-62.6%

Admin fee / account holder

$248

$576-57.0%

$8,291-97.0%

$433-42.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$59,339

NAPLES ASSET MANAGEMENT CO LLC5+ years

Filed as: NAPLES ASSET MGMT COMPANY, LLC

Service code 27 · EIN 20-2190247

999 VANDERBILT BEACH RD. · NAPLES, FL 34108

Advisory (Plan)

$38,978

THE AIMPOINT GROUP5+ years

Filed as: THE AIMPOINT GROUP, LLC

Service code 13 · EIN 27-1536868

PO BOX 220156 · HOLLYWOOD, FL 33076

Contract Administrator

$21,419

SUNSHINE ACE HARDWARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNSHINE ACE HARDWARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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