Retirement plan

THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN

Name: THE ORIGINAL MATTRESS FACTORY, INC. - THE ORIGINAL MATTRESS FACTORY EMPLOYEE STOCK OWNERSHIP PLAN (2024) 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 2024

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$56.6M

+9.1% from 2023

Total participants

658

+3.9% from 2023

Average account balance

$85,980

+4.6% from 2023

Annual return

-0.12%

-1.36 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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 COMPANY3 years Service code 25 801 WARRENVILLE ROAD · LISLE, IL 60532	Directed Trustee	$30,946
APPLE GROWTH PARTNERS8+ years Service code 34 · EIN 34-1082617	Valuation (appraisals, etc.)	$27,000
ASCENSUS LLC5 years Filed as: ASCENSUS, LLC Service code 14 · EIN 82-3719843	Plan Administrator	$8,925
PLANTE & MORAN, PLLC7 years Service code 10 · EIN 33-1498605	Accounting	$0

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

$76K

$240 / participant

Recordkeeping$18K23.6%
Valuation$27K35.6%
Other trustee fees$31K40.8%

% of EOY assets

0.134%

all-in expense ratio

Categories reported

3 / 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: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,980

$89,093-3.5%

$102,434-16.1%

$77,736+10.6%

Participation rate

100.0%

80.9%+19.1pp

76.5%+23.5pp

70.6%+29.4pp

Annual return

-0.12%

25.03%-25.2pp

29.46%-29.6pp

31.26%-31.4pp

Employer contribution / active EE

$18,750

$2,699+594.6%

$3,023+520.2%

$2,728+587.4%

Participant deferral / active EE

$5,147-100.0%

$5,055-100.0%

$4,651-100.0%

Admin fee / account holder

$115

$236-51.1%

$9,462-98.8%

$433-73.4%

Provider

Service type

Compensation

GREATBANC TRUST COMPANY3 years

Service code 25

801 WARRENVILLE ROAD · LISLE, IL 60532

Directed Trustee

$30,946

APPLE GROWTH PARTNERS8+ years

Service code 34 · EIN 34-1082617

Valuation (appraisals, etc.)

$27,000

ASCENSUS LLC5 years

Filed as: ASCENSUS, LLC

Service code 14 · EIN 82-3719843

Plan Administrator

$8,925

PLANTE & MORAN, PLLC7 years

Service code 10 · EIN 33-1498605

Accounting

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