Retirement plan

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN

Name: THE ORIGINAL MATTRESS FACTORY, INC. - THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN (2023) 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, THE ORIGINAL MATTRESS FACTORY, INC.

THE ORIGINAL MATTRESS FACTORY, INC.EIN 32-0537745Plan #002PY 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$51.9M

+9.0% from 2022

Total participants

633

+7.3% from 2022

Average account balance

$82,186

+1.9% from 2022

Annual return

1.24%

+30.41 pp from 2022

Benchmarks

See 2,422 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,422 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
GREATBANC TRUST COMPANY2 years Service code 25 801 WARRENVILLE ROAD · LISLE, IL 60532	Directed Trustee	$65,325
APPLE GROWTH PARTNERS7+ years Service code 34 · EIN 34-1082617	Valuation (appraisals, etc.)	$30,000
PLANTE & MORAN, PLLC6 years Service code 10 · EIN 38-1357951	Accounting	$10,000
ASCENSUS LLC4 years Filed as: ASCENSUS, LLC Service code 14 · EIN 82-3719843	Plan Administrator	$9,389

Plan features & details

Pension benefit codes2E2I3I2Q2P3D

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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$120K

$365 / participant

Recordkeeping$13K10.5%
Investment mgmt$1K1.2%
Valuation$30K25.1%
Other trustee fees$66K54.9%
Other / not subdivided$10K8.4%

% of EOY assets

0.231%

all-in expense ratio

Categories reported

4 / 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: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,186

$99,201-17.2%

$96,544-14.9%

$74,473+10.4%

Participation rate

99.4%

80.7%+18.7pp

76.0%+23.4pp

70.7%+28.6pp

Annual return

1.24%

22.40%-21.2pp

25.88%-24.6pp

34.36%-33.1pp

Employer contribution / active EE

$13,948

$2,570+442.7%

$2,966+370.2%

$2,638+428.7%

Participant deferral / active EE

$4,938-100.0%

$4,851-100.0%

$4,530-100.0%

Admin fee / account holder

$190

$225-15.6%

$8,254-97.7%

$347-45.3%

Provider

Service type

Compensation

GREATBANC TRUST COMPANY2 years

Service code 25

801 WARRENVILLE ROAD · LISLE, IL 60532

Directed Trustee

$65,325

APPLE GROWTH PARTNERS7+ years

Service code 34 · EIN 34-1082617

Valuation (appraisals, etc.)

$30,000

PLANTE & MORAN, PLLC6 years

Service code 10 · EIN 38-1357951

Accounting

$10,000

ASCENSUS LLC4 years

Filed as: ASCENSUS, LLC

Service code 14 · EIN 82-3719843

Plan Administrator

$9,389

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP 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