Retirement plan

PROVENZA FLOORS, INC., 401(K) PROFIT SHARING PLAN

Name: PROVENZA FLOORS, INC. - PROVENZA FLOORS, INC., 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: PROVENZA FLOORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVENZA FLOORS, INC., 401(K) PROFIT SHARING PLAN, PROVENZA FLOORS, INC.

PROVENZA FLOORS, INC.EIN 20-4570294Plan #001PY 2019

15541 MOSHER AVE - TUSTIN, CA 92780714-556-5555provenzafloors.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$3.3M assets

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+57.5% from 2018

Total participants

182

+23.0% from 2018

Average account balance

$17,038

+44.7% from 2018

Annual return

23.93%

+31.03 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.98M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

240

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$930K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2K

$14 / participant

Contract admin$2K100.0%

% of EOY assets

0.055%

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: VERTICAL ADVISORS, LLP
Auditor EIN: 208182273
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,038

$63,114-73.0%

$92,909-81.7%

$65,185-73.9%

Participation rate

80.4%

68.8%+11.6pp

76.0%+4.4pp

70.2%+10.2pp

Annual return

23.93%

28.75%-4.8pp

109.44%-85.5pp

29.38%-5.5pp

Employer contribution / active EE

$3,871

$2,571+50.6%

$3,653+6.0%

$2,177+77.8%

Participant deferral / active EE

$1,900

$3,108-38.9%

$4,238-55.2%

$3,514-45.9%

Admin fee / account holder

$624-98.5%

$5,795-99.8%

$847-98.9%

PROVENZA FLOORS, INC., 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVENZA FLOORS, INC., 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