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 (2020) 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 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$14.6M

No prior year

Total participants

517

No prior year

Average account balance

$48,020

No prior year

Annual return

13.15%

No prior year

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS Service code 49 · EIN 04-1590850	Other Services	$65,336
NAPLES ASSET MANAGEMENT CO LLC1+ years Filed as: NAPLES ASSET MGMT COMPANY, LLC Service code 27 · EIN 20-2190247 1100 FIFTH AVENUE SOUTH · NAPLES, FL 34102	Advisory (Plan)	$41,949
KABAT SCHERTZER DELA TORRE TARABOUL1+ years Filed as: KABAT SCHERTZER DE LA TORRE Service code 10 · EIN 26-0547877 1625 N. COMMERCE PARKWAY · WESTON, FL 33326	Accounting	$7,700
THE AIMPOINT GROUP1+ years Filed as: THE AIMPOINT GROUP, LLC Service code 50 · EIN 27-1536868 PO BOX 220156 · HOLLYWOOD, FL 33076	Direct Payment	$6,869

Plan features & details

Pension benefit codes2E2H2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$127K

$272 / participant

Investment mgmt$103K81.6%
Contract admin$6K4.9%
Other / not subdivided$17K13.6%

% of EOY assets

0.864%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,020

$64,286-25.3%

$90,970-47.2%

$73,412-34.6%

Participation rate

54.5%

63.6%-9.1pp

69.0%-14.5pp

72.2%-17.7pp

Annual return

13.15%

21.46%-8.3pp

134.60%-121.4pp

59.30%-46.1pp

Employer contribution / active EE

$950

$895+6.2%

$2,122-55.2%

$2,234-57.5%

Participant deferral / active EE

$1,377

$2,453-43.9%

$3,373-59.2%

$3,806-63.8%

Admin fee / account holder

$415

$287+44.6%

$5,961-93.0%

$158+162.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS

Service code 49 · EIN 04-1590850

Other Services

$65,336

NAPLES ASSET MANAGEMENT CO LLC1+ years

Filed as: NAPLES ASSET MGMT COMPANY, LLC

Service code 27 · EIN 20-2190247

1100 FIFTH AVENUE SOUTH · NAPLES, FL 34102

Advisory (Plan)

$41,949

KABAT SCHERTZER DELA TORRE TARABOUL1+ years

Filed as: KABAT SCHERTZER DE LA TORRE

Service code 10 · EIN 26-0547877

1625 N. COMMERCE PARKWAY · WESTON, FL 33326

Accounting

$7,700

THE AIMPOINT GROUP1+ years

Filed as: THE AIMPOINT GROUP, LLC

Service code 50 · EIN 27-1536868

PO BOX 220156 · HOLLYWOOD, FL 33076

Direct Payment

$6,869

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