Retirement plan

BETTER WORLD BOOKS 401(K) PROFIT SHARING PLAN

Name: QUMPUS, INC. - BETTER WORLD BOOKS 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: QUMPUS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETTER WORLD BOOKS 401(K) PROFIT SHARING PLAN, QUMPUS, INC.

QUMPUS, INC.dba BETTER WORLD BOOKSEIN 20-0241292Plan #001PY 2020

55740 CURRANT ROAD - MISHAWAKA, IN 46545574-855-5230

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3.7M

+24.0% from 2019

Total participants

223

-25.7% from 2019

Average account balance

$19,601

+68.4% from 2019

Annual return

20.24%

+0.69 pp from 2019

Benchmarks

See 435 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort435 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.65M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

121

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.

67.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$584K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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
ASCENSUS LLC3 years Service code 15 · EIN 11-3655754	Recordkeeping	$12,185
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$5,556
EDWARD JONES1 year Filed as: EDWARD JONES & CO Service code 27 · EIN 43-0345811	Advisory (Plan)	$5,295
EPIC RETIREMENT PLAN SERVICES1 year Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 15 · EIN 35-2091834	Recordkeeping	$4,712

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

1 tripped

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

$34K

$185 / participant

Contract admin$12K34.4%
Other / not subdivided$22K65.6%

% of EOY assets

0.932%

all-in expense ratio

Categories reported

1 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,601

$55,122-64.4%

$104,614-81.3%

$73,493-73.3%

Participation rate

80.5%

67.7%+12.8pp

74.1%+6.5pp

70.7%+9.9pp

Annual return

20.24%

24.77%-4.5pp

340.56%-320.3pp

28.51%-8.3pp

Employer contribution / active EE

$563

$1,464-61.6%

$2,681-79.0%

$2,270-75.2%

Participant deferral / active EE

$1,409

$2,919-51.7%

$3,739-62.3%

$3,740-62.3%

Admin fee / account holder

$183

$423-56.8%

$6,464-97.2%

$513-64.4%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3655754

Recordkeeping

$12,185

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$5,556

EDWARD JONES1 year

Filed as: EDWARD JONES & CO

Service code 27 · EIN 43-0345811

Advisory (Plan)

$5,295

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: RETIREMENT PLAN CONCEPTS & SERVICES

Service code 15 · EIN 35-2091834

Recordkeeping

$4,712

BETTER WORLD BOOKS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETTER WORLD BOOKS 401(K) PROFIT SHARING 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