Retirement plan

CHANNEL CONTROL MERCHANTS, LLC, 401(K)

Name: CHANNEL CONTROL MERCHANTS, LLC - CHANNEL CONTROL MERCHANTS, LLC, 401(K) (2016) Form 5500
Creator: CHANNEL CONTROL MERCHANTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHANNEL CONTROL MERCHANTS, LLC, 401(K), CHANNEL CONTROL MERCHANTS, LLC

CHANNEL CONTROL MERCHANTS, LLCEIN 20-5053319Plan #001PY 2016

6892 US HIGHWAY 49 N. - HATTIESBURG, MS 39403800-245-5924

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$6.4M

+13.9% from 2015

Total participants

1,079

+11.4% from 2015

Average account balance

$16,616

-38.4% from 2015

Annual return

5.99%

+6.03 pp from 2015

Benchmarks

See 100 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort100 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.53M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

168

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$532K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+9.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 2 by compensation

Provider	Service type	Compensation
HANCOCK WHITNEY BANK2+ years Filed as: HANCOCK BANK Service code 15 · EIN 64-0169065	Recordkeeping	$5,817
CHARLES SCHWAB & CO., INC.2+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$6K

$6 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

0 / 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: TOPP MCWHORTER HARVEY, PLLC.
Auditor EIN: 205857627
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,616

$35,600-53.3%

$87,502-81.0%

$63,975-74.0%

Participation rate

32.0%

56.1%-24.1pp

73.8%-41.8pp

71.1%-39.1pp

Annual return

5.99%

17.86%-11.9pp

12.21%-6.2pp

48.65%-42.7pp

Employer contribution / active EE

$311

$854-63.6%

$2,550-87.8%

$2,182-85.8%

Participant deferral / active EE

$565

$1,660-65.9%

$3,149-82.1%

$3,356-83.2%

Admin fee / account holder

$15

$51-70.1%

$4,221-99.6%

$70-78.4%

Provider

Service type

Compensation

HANCOCK WHITNEY BANK2+ years

Filed as: HANCOCK BANK

Service code 15 · EIN 64-0169065

Recordkeeping

$5,817

CHARLES SCHWAB & CO., INC.2+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHANNEL CONTROL MERCHANTS, LLC, 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHANNEL CONTROL MERCHANTS, LLC, 401(K)

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