Retirement plan

MICHAEL MATTHEWS JEWELERS OF KPM, INC. 401(K) PROFIT SHARING PLAN

Name: MICHAEL MATTHEWS JEWELERS OF KPM, INC. - MICHAEL MATTHEWS JEWELERS OF KPM, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MICHAEL MATTHEWS JEWELERS OF KPM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHAEL MATTHEWS JEWELERS OF KPM, INC. 401(K) PROFIT SHARING PLAN, MICHAEL MATTHEWS JEWELERS OF KPM, INC.

MICHAEL MATTHEWS JEWELERS OF KPM, INC.EIN 26-3592858Plan #001PY 2020

5100 KINGS PLAZA MALL - BROOKLYN, NY 11234917-559-6988michaelmatthewskpm.comLinkedIn1-10 employeesluxury goods & jewelry

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$105K

+72.0% from 2019

Total participants

+50.0% from 2019

Average account balance

$34,955

+14.7% from 2019

Annual return

32.17%

-2.62 pp from 2019

Benchmarks

See 18,875 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,875 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$263K

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$34,955

$112,915-69.0%

$90,965-61.6%

$158,950-78.0%

Participation rate

100.0%

74.7%+25.3pp

69.0%+31.0pp

82.0%+18.0pp

Annual return

32.17%

215.75%-183.6pp

134.57%-102.4pp

302.91%-270.7pp

Employer contribution / active EE

$2,667

$2,894-7.9%

$2,122+25.7%

$4,762-44.0%

Participant deferral / active EE

$5,433

$4,128+31.6%

$3,373+61.1%

$5,983-9.2%

Admin fee / account holder

$8,044-100.0%

$5,960-100.0%

$11,248-100.0%

MICHAEL MATTHEWS JEWELERS OF KPM, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MICHAEL MATTHEWS JEWELERS OF KPM, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion