Retirement plan

MAIN WHOLESALE FLORIST, INC. EMPLOYEE PROFIT SHARING PLAN & TRUST

Name: MAIN WHOLESALE FLORIST, INC. - MAIN WHOLESALE FLORIST, INC. EMPLOYEE PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: MAIN WHOLESALE FLORIST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAIN WHOLESALE FLORIST, INC. EMPLOYEE PROFIT SHARING PLAN & TRUST, MAIN WHOLESALE FLORIST, INC.

MAIN WHOLESALE FLORIST, INC.EIN 22-1932392Plan #001PY 2018

27 STYERTOWNE ROAD - CLIFTON, NJ 07012973-472-3500mainwholesaleflorist.comLinkedIn11-50 employeeswholesale

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.8M

+1.3% from 2017

Total participants

-5.4% from 2017

Average account balance

$110,602

+1.3% from 2017

Annual return

0.64%

-13.00 pp from 2017

Benchmarks

See 22,374 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,374 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.41M

Not enough data

1 years with asset history on file

Average account balance

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

$276K

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.

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$107K

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

+12.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34516

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

0 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 codes2E2F2H2J3D

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).
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.
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.
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

$56K

$2348 / participant

Other / not subdivided$56K100.0%

% of EOY assets

2.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,602

$135,645-18.5%

$110,243+0.3%

$135,379-18.3%

Participation rate

58.3%

83.5%-25.1pp

79.8%-21.5pp

82.6%-24.3pp

Annual return

0.64%

513.24%-512.6pp

314.76%-314.1pp

519.79%-519.1pp

Employer contribution / active EE

$1,305

$4,907-73.4%

$3,827-65.9%

$4,779-72.7%

Participant deferral / active EE

$1,786

$5,507-67.6%

$4,672-61.8%

$5,609-68.2%

Admin fee / account holder

$2,254

$11,458-80.3%

$8,548-73.6%

$10,828-79.2%

MAIN WHOLESALE FLORIST, INC. EMPLOYEE PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAIN WHOLESALE FLORIST, INC. EMPLOYEE PROFIT SHARING PLAN & 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