Retirement plan

FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN

Name: FLEMINGTON DEPARTMENT STORE INC. - FLEMINGTON DEPARTMENT STORE, INC. 401(K) PLAN (2023) 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 2023

151 STATE ROUTE 31 - FLEMINGTON, NJ 088225748908-782-7662

Other plans on this EIN

1 filing

#002Retirement-$2.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.6M

+13.2% from 2022

Total participants

-3.9% from 2022

Average account balance

$144,293

+5.4% from 2022

Annual return

14.58%

+29.67 pp from 2022

Benchmarks

See 2,313 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,313 peers

Snapshot2023

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

$597K

$7459 / participant

Other / not subdivided$597K100.0%

% of EOY assets

4.753%

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

$144,293

$57,541+150.8%

$95,728+50.7%

$75,181+91.9%

Participation rate

86.3%

62.5%+23.7pp

72.3%+14.0pp

67.2%+19.1pp

Annual return

14.58%

34.93%-20.3pp

28.40%-13.8pp

160.69%-146.1pp

Employer contribution / active EE

$1,875

$1,808+3.7%

$2,835-33.9%

$2,671-29.8%

Participant deferral / active EE

$3,269

$3,074+6.3%

$4,245-23.0%

$4,126-20.8%

Admin fee / account holder

$6,859

$4,099+67.3%

$5,673+20.9%

$5,650+21.4%

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