Retirement plan

CREATIVE FLOORING OF OHIO 401(K) PLAN

Name: HOEY ENTERPRISES, INC. DBA CREATIVE FLOORING OHIO - CREATIVE FLOORING OF OHIO 401(K) PLAN (2023) Form 5500
Creator: HOEY ENTERPRISES, INC. DBA CREATIVE FLOORING OHIO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CREATIVE FLOORING OF OHIO 401(K) PLAN, HOEY ENTERPRISES, INC. DBA CREATIVE FLOORING OHIO

HOEY ENTERPRISES, INC. DBA CREATIVE FLOORING OHIOEIN 31-1313161Plan #001PY 2023

80 STATE ROUTE 56 NW - LONDON, OH 43140740-852-5366

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$78K

+210.8% from 2022

Total participants

+140.0% from 2022

Average account balance

$11,170

+33.2% from 2022

Annual return

23.61%

+48.40 pp from 2022

Benchmarks

See 22,163 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,163 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$111K

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3359

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 codes2E2F2G2J2T3D3H

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.
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

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

$2K

$145 / participant

Other / not subdivided$2K100.0%

% of EOY assets

2.046%

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

$11,170

$102,663-89.1%

$86,216-87.0%

$139,466-92.0%

Participation rate

54.5%

74.5%-20.0pp

69.0%-14.4pp

80.3%-25.8pp

Annual return

23.61%

1924.52%-1900.9pp

1169.42%-1145.8pp

373.66%-350.1pp

Employer contribution / active EE

$1,410

$3,035-53.5%

$2,382-40.8%

$4,754-70.3%

Participant deferral / active EE

$2,871

$4,677-38.6%

$3,986-28.0%

$6,712-57.2%

Admin fee / account holder

$229

$8,663-97.4%

$6,853-96.7%

$11,409-98.0%

CREATIVE FLOORING OF OHIO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CREATIVE FLOORING OF OHIO 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