Retirement plan

FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN

Name: FLEMINGTON DEPARTMENT STORE, INC. - FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN (2020) Form 5500
Creator: FLEMINGTON DEPARTMENT STORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN, FLEMINGTON DEPARTMENT STORE, INC.

FLEMINGTON DEPARTMENT STORE, INC.EIN 22-1959513Plan #001PY 2020

151 ROUTE 31 - FLEMINGTON, NJ 08822908-782-7662

Other plans on this EIN

1 filing

#002Retirement-$1.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.8M

+8.3% from 2019

Total participants

-9.9% from 2019

Average account balance

$133,662

+23.1% from 2019

Annual return

12.01%

-5.07 pp from 2019

Benchmarks

See 2,022 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,022 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.72M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

101.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$285K

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

+12.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8854

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

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850	Recordkeeping	$38,169
RELIANCE TRUST COMPANY3 years Service code 25 · EIN 58-1428634	Directed Trustee	$325
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 28	Investment Management	$0
MILLENNIUM INVESTMENT & RETIREMENT1 year Filed as: MILLENNIUM TRUST AUTOMATIC ROLLOVER Service code 49 · EIN 36-4400066	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

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

$40K

$519 / participant

Contract admin$40K100.0%

% of EOY assets

0.340%

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: EISNERAMPER LLP
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,662

$63,861+109.3%

$104,625+27.8%

$79,852+67.4%

Participation rate

96.1%

64.9%+31.2pp

74.1%+22.0pp

69.6%+26.5pp

Annual return

12.01%

21.30%-9.3pp

340.60%-328.6pp

31.72%-19.7pp

Employer contribution / active EE

$1,948

$1,588+22.6%

$2,681-27.4%

$2,471-21.2%

Participant deferral / active EE

$2,948

$2,693+9.4%

$3,738-21.1%

$3,740-21.2%

Admin fee / account holder

$454

$4,185-89.1%

$6,465-93.0%

$5,306-91.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 15 · EIN 04-1590850

Recordkeeping

$38,169

RELIANCE TRUST COMPANY3 years

Service code 25 · EIN 58-1428634

Directed Trustee

$325

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 28

Investment Management

MILLENNIUM INVESTMENT & RETIREMENT1 year

Filed as: MILLENNIUM TRUST AUTOMATIC ROLLOVER

Service code 49 · EIN 36-4400066

Other Services

FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLEMINGTON DEPARTMENT STORE, INC. 401(K) 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