Retirement plan

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: THE ORIGINAL MATTRESS FACTORY, INC. - THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2018) Form 5500
Creator: THE ORIGINAL MATTRESS FACTORY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, THE ORIGINAL MATTRESS FACTORY, INC.

THE ORIGINAL MATTRESS FACTORY, INC.EIN 32-0537745Plan #002PY 2018

4930 STATE ROAD - CLEVELAND, OH 44134216-661-8388originalmattress.comLinkedIn201-500 employeesretail

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$45.8M

-33.7% from 2017

Total participants

512

+5.3% from 2017

Average account balance

$89,384

-37.3% from 2017

Annual return

-36.25%

-135.40 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.57M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

658

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

$5.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

-0.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 5 by compensation

Provider	Service type	Compensation
HORIZON TRUST & INVESTMENT COMPANY2+ years Service code 25 · EIN 46-6402532	Directed Trustee	$55,734
PLANTE & MORAN, PLLC1 year Service code 10 · EIN 38-1357951	Accounting	$53,350
APPLE GROWTH PARTNERS2+ years Service code 34 · EIN 34-1082617	Valuation (appraisals, etc.)	$35,865
SES ADVISORS, INC.1 year Service code 14 · EIN 04-3760707	Plan Administrator	$32,201
STEIKER, GREENAPPLE & FUSCO, P.C.2+ years Service code 29 · EIN 23-2483825	Legal	$21,553

Plan features & details

Pension benefit codes2E2I3I2Q2P

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$199K

$586 / participant

Other / not subdivided$199K100.0%

% of EOY assets

0.434%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,384

$65,118+37.3%

$76,767+16.4%

$55,725+60.4%

Participation rate

100.0%

79.6%+20.4pp

77.0%+23.0pp

70.9%+29.1pp

Annual return

-36.25%

-1.27%-35.0pp

2.43%-38.7pp

244.93%-281.2pp

Employer contribution / active EE

$5,572

$1,941+187.0%

$2,485+124.2%

$2,078+168.1%

Participant deferral / active EE

$3,688-100.0%

$3,852-100.0%

$3,356-100.0%

Admin fee / account holder

$388

$116+235.0%

$6,675-94.2%

$115+236.9%

Provider

Service type

Compensation

HORIZON TRUST & INVESTMENT COMPANY2+ years

Service code 25 · EIN 46-6402532

Directed Trustee

$55,734

PLANTE & MORAN, PLLC1 year

Service code 10 · EIN 38-1357951

Accounting

$53,350

APPLE GROWTH PARTNERS2+ years

Service code 34 · EIN 34-1082617

Valuation (appraisals, etc.)

$35,865

SES ADVISORS, INC.1 year

Service code 14 · EIN 04-3760707

Plan Administrator

$32,201

STEIKER, GREENAPPLE & FUSCO, P.C.2+ years

Service code 29 · EIN 23-2483825

Legal

$21,553

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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