Retirement plan

THE PETE STORE, LLC 401(K) PLAN

Name: THE PETE STORE, LLC - THE PETE STORE, LLC 401(K) PLAN (2019) Form 5500
Creator: THE PETE STORE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PETE STORE, LLC 401(K) PLAN, THE PETE STORE, LLC

THE PETE STORE, LLCEIN 26-4607022Plan #001PY 2019

5100 HOLABIRD AVENUE - BALTIMORE, MD 21224804-440-0070

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.5M

+22.2% from 2018

Total participants

413

+11.0% from 2018

Average account balance

$42,590

+9.9% from 2018

Annual return

18.53%

+23.01 pp from 2018

Benchmarks

See 1,312 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,312 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.62M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

636

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.

52.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.07M

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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
PLANNING CORP OF AMERICA3 years Filed as: PLANNING SOLUTIONS GROUP, LLC Service code 26 · EIN 45-0491716 8161 MAPLE LAWN BLVD · FULTON, MD 20759	Advisory (Participants)	$14,600
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP0 Service code 26 · EIN 04-3046611 75 STATE STREET, 22ND FLOOR · BOSTON, MA 02109	Advisory (Participants)	$11,386

Plan features & details

Pension benefit codes2E2J2K2F2G2T3D3H

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).
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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$191 / participant

Investment mgmt$26K36.7%
Contract admin$38K53.7%
Other / not subdivided$7K9.6%

% of EOY assets

0.618%

all-in expense ratio

Categories reported

2 / 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: COUNCILOR, BUCHANAN & MITCHELL
Auditor EIN: 521711839
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,590

$40,174+6.0%

$84,021-49.3%

$67,579-37.0%

Participation rate

61.1%

62.7%-1.6pp

69.0%-7.9pp

71.3%-10.2pp

Annual return

18.53%

25.82%-7.3pp

71.32%-52.8pp

378.56%-360.0pp

Employer contribution / active EE

$511

$808-36.7%

$1,984-74.2%

$2,148-76.2%

Participant deferral / active EE

$2,960

$2,301+28.6%

$3,239-8.6%

$3,539-16.4%

Admin fee / account holder

$263

$128+105.1%

$6,102-95.7%

$142+84.9%

Provider

Service type

Compensation

PLANNING CORP OF AMERICA3 years

Filed as: PLANNING SOLUTIONS GROUP, LLC

Service code 26 · EIN 45-0491716

8161 MAPLE LAWN BLVD · FULTON, MD 20759

Advisory (Participants)

$14,600

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC - RPCP0

Service code 26 · EIN 04-3046611

75 STATE STREET, 22ND FLOOR · BOSTON, MA 02109

Advisory (Participants)

$11,386

THE PETE STORE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PETE STORE, LLC 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