Retirement plan

CONTINENTAL OFFICE INTERESTS SAVINGS PLAN

Name: CONTINENTAL OFFICE FURNITURE CORP. - CONTINENTAL OFFICE INTERESTS SAVINGS PLAN (2020) Form 5500
Creator: CONTINENTAL OFFICE FURNITURE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTINENTAL OFFICE INTERESTS SAVINGS PLAN, CONTINENTAL OFFICE FURNITURE CORP.

CONTINENTAL OFFICE FURNITURE CORP.EIN 31-4413238Plan #003PY 2020

5061 FREEWAY DR E - COLUMBUS, OH 432295401614-262-5010

Prospect flagsHigh retiree %Low returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed June 4, 1997

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$21.9M

-55.8% from 2019

Total participants

332

-41.9% from 2019

Average account balance

$70,163

-21.7% from 2019

Annual return

-57.29%

-79.89 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.60M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

220

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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 6 by compensation

Provider	Service type	Compensation
HUNTINGTON NATIONAL BANK1 year Service code 15 41 S HIGH ST · COLUMBUS, OH 43287	Recordkeeping	$34,227
NATIONWIDE6+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$31,624
JRP & ASSOCIATES, LLC3 years Filed as: JRP CAPITAL CORP Service code 15 6001 TAIN DRIVE · DUBLIN, OH 43017	Recordkeeping	$14,893
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$4,220
TD AMERITRADE, INC.6+ years Filed as: TD AMERITRADE Service code 15 4211 S. 102ND STREET · OMAHA, NE 68127	Recordkeeping	$56
EDWARD JONES3 years Filed as: EDWARD D. A. SOMMER Service code 27 300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

4 tripped

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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$85K

$419 / participant

Contract admin$85K100.0%

% of EOY assets

0.388%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,163

$81,494-13.9%

$133,978-47.6%

$73,497-4.5%

Participation rate

90.1%

76.4%+13.8pp

79.8%+10.3pp

70.7%+19.5pp

Annual return

-57.29%

19.40%-76.7pp

45.10%-102.4pp

28.51%-85.8pp

Employer contribution / active EE

$1,925

$2,210-12.9%

$3,919-50.9%

$2,270-15.2%

Participant deferral / active EE

$5,385

$3,787+42.2%

$5,047+6.7%

$3,740+44.0%

Admin fee / account holder

$272

$713-61.8%

$8,930-96.9%

$513-46.9%

Provider

Service type

Compensation

HUNTINGTON NATIONAL BANK1 year

Service code 15

41 S HIGH ST · COLUMBUS, OH 43287

Recordkeeping

$34,227

NATIONWIDE6+ years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$31,624

JRP & ASSOCIATES, LLC3 years

Filed as: JRP CAPITAL CORP

Service code 15

6001 TAIN DRIVE · DUBLIN, OH 43017

Recordkeeping

$14,893

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$4,220

TD AMERITRADE, INC.6+ years

Filed as: TD AMERITRADE

Service code 15

4211 S. 102ND STREET · OMAHA, NE 68127

Recordkeeping

$56

EDWARD JONES3 years

Filed as: EDWARD D. A. SOMMER

Service code 27

300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085

Advisory (Plan)

CONTINENTAL OFFICE INTERESTS SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTINENTAL OFFICE INTERESTS SAVINGS PLAN

Top hat statement on fileNQDC

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