Retirement plan

THE ARTCRAFT GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: THE ARTCRAFT GROUP, INC. - THE ARTCRAFT GROUP, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: THE ARTCRAFT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARTCRAFT GROUP, INC. 401(K) PROFIT SHARING PLAN, THE ARTCRAFT GROUP, INC.

THE ARTCRAFT GROUP, INC.EIN 23-1973624Plan #002PY 2020

1270 GLEN AVENUE - MOORESTOWN, NJ 08057856-727-5200LinkedIn51-200 employeesmarketing and advertising

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.5M

+6.9% from 2019

Total participants

219

+4.3% from 2019

Average account balance

$75,176

+1.8% from 2019

Annual return

5.46%

-0.62 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.07M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

172

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850	Recordkeeping	$67,036
PA RETIREMENT SOLUTIONS, INC.2 years Filed as: PA RETIREMENT SOLUTIONS Service code 13 · EIN 27-2487837 1110 N MOUNTAIN RD · HARRISBURG, PA 17112	Contract Administrator	$0
THE INVESTMENT CENTER INC2 years Service code 27 · EIN 22-2699900	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2J2K3D2F2G

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$67K

$456 / participant

Contract admin$67K100.0%

% of EOY assets

0.433%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARATZ & ASSOCIATES, P.A.
Auditor EIN: 222212404
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,176

$99,957-24.8%

$149,696-49.8%

$73,488+2.3%

Participation rate

91.2%

75.7%+15.5pp

82.5%+8.7pp

70.7%+20.5pp

Annual return

5.46%

53.87%-48.4pp

276.60%-271.1pp

28.51%-23.1pp

Employer contribution / active EE

$1,767

$3,191-44.6%

$4,644-62.0%

$2,270-22.2%

Participant deferral / active EE

$4,099

$6,073-32.5%

$6,842-40.1%

$3,740+9.6%

Admin fee / account holder

$325

$551-40.9%

$9,309-96.5%

$513-36.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 15 · EIN 04-1590850

Recordkeeping

$67,036

PA RETIREMENT SOLUTIONS, INC.2 years

Filed as: PA RETIREMENT SOLUTIONS

Service code 13 · EIN 27-2487837

1110 N MOUNTAIN RD · HARRISBURG, PA 17112

Contract Administrator

THE INVESTMENT CENTER INC2 years

Service code 27 · EIN 22-2699900

Advisory (Plan)

THE ARTCRAFT GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARTCRAFT GROUP, INC. 401(K) PROFIT SHARING 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