Retirement plan

ACS 401(K) PLAN

Name: AMERICAN CARPET SOUTH, INC. - ACS 401(K) PLAN (2016) Form 5500
Creator: AMERICAN CARPET SOUTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACS 401(K) PLAN, AMERICAN CARPET SOUTH, INC.

AMERICAN CARPET SOUTH, INC.EIN 22-3286598Plan #001PY 2016

347 BROADWAY - PASSAIC, NJ 07055973-330-0413

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.3M

+5.0% from 2015

Total participants

130

-11.0% from 2015

Average account balance

$53,311

+2.4% from 2015

Annual return

9.32%

+13.05 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.45M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

175

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$958K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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
CORNERSTONE ADVISORS ASSET MGMT1 year Filed as: CORNERSTONE FINANCIAL ADVISORS, LLC Service code 99	Other Fees	$11,831
CORNERSTONE ADVISORS ASSET MGMT1 year Filed as: CORNERSTONE FINANCIAL ADVISORS LLC Service code 22 · EIN 57-1191965	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D3F3H

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).
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

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

Expense breakdown

Schedule H Part II

Admin total

$13K

$108 / participant

Contract admin$13K100.0%

% of EOY assets

0.310%

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: GRAMKOW CARNEVALE SEIFERT & CO
Auditor EIN: 223767827
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,311

$52,884+0.8%

$84,753-37.1%

$55,167-3.4%

Participation rate

59.0%

67.5%-8.5pp

76.6%-17.6pp

69.0%-10.0pp

Annual return

9.32%

18.03%-8.7pp

22.78%-13.5pp

169.23%-159.9pp

Employer contribution / active EE

$755

$2,233-66.2%

$3,574-78.9%

$1,963-61.5%

Participant deferral / active EE

$3,327

$2,644+25.8%

$3,712-10.4%

$3,054+8.9%

Admin fee / account holder

$165

$581-71.6%

$5,333-96.9%

$504-67.2%

Provider

Service type

Compensation

CORNERSTONE ADVISORS ASSET MGMT1 year

Filed as: CORNERSTONE FINANCIAL ADVISORS, LLC

Service code 99

Other Fees

$11,831

CORNERSTONE ADVISORS ASSET MGMT1 year

Filed as: CORNERSTONE FINANCIAL ADVISORS LLC

Service code 22 · EIN 57-1191965

Insurance Broker

ACS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACS 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