Retirement plan

CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC. - CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC. 401(K) PROFIT SHARING PLAN, CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC.

CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC.EIN 20-1365612Plan #001PY 2017

1616 LAKESIDE DR. - WAUKEGAN, IL 60085847-689-2754

Other plans on this EIN

1 filing

#003Retirement-$2.4M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.8M

+10.9% from 2016

Total participants

229

-0.9% from 2016

Average account balance

$176,080

+14.2% from 2016

Annual return

13.91%

+6.08 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.00M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

170

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$904K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$431

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346	Recordkeeping	$450

Plan features & details

Pension benefit codes2E2H2K2J3D3H

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$176,080

$71,192+147.3%

$117,861+49.4%

$62,293+182.7%

Participation rate

25.0%

74.2%-49.2pp

79.7%-54.7pp

69.5%-44.5pp

Annual return

13.91%

18.66%-4.7pp

335.11%-321.2pp

28.90%-15.0pp

Employer contribution / active EE

$899

$1,934-53.5%

$3,786-76.2%

$2,042-56.0%

Participant deferral / active EE

$2,603

$3,189-18.4%

$4,482-41.9%

$3,169-17.9%

Admin fee / account holder

$587-100.0%

$8,021-100.0%

$479-100.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK LIFE INSURANCE

Service code 15 · EIN 01-0233346

Recordkeeping

$450

CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CAROLINA WHOLESALE OFFICE MACHINE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion