Retirement plan

FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN

Name: FLEMINGTON DEPARTMENT STORE INC. - FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN (2022) 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 2022

151 STATE ROUTE 31 - FLEMINGTON, NJ 088225748908-788-1902

Other plans on this EIN

1 filing

#002Retirement-$2.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.1M

-13.0% from 2021

Total participants

102

+13.3% from 2021

Average account balance

$136,908

-4.5% from 2021

Annual return

-15.08%

-25.72 pp from 2021

Benchmarks

See 2,260 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,260 peers

Snapshot2022

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

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 codes2C2E2F2J2T3B3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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).
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$147K

$1752 / participant

Other / not subdivided$147K100.0%

% of EOY assets

1.327%

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

$136,908

$53,162+157.5%

$91,225+50.1%

$68,486+99.9%

Participation rate

75.0%

63.2%+11.8pp

73.2%+1.8pp

67.9%+7.1pp

Annual return

-15.08%

-3.14%-11.9pp

114.12%-129.2pp

-7.85%-7.2pp

Employer contribution / active EE

$1,786

$1,709+4.5%

$2,851-37.4%

$2,597-31.2%

Participant deferral / active EE

$2,696

$2,974-9.3%

$4,233-36.3%

$4,028-33.1%

Admin fee / account holder

$1,817

$4,493-59.6%

$5,422-66.5%

$5,404-66.4%

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