Retirement plan

J.W. FLOOR COVERING/RESOURCE FLOORS EMPLOYEE SAVINGS AND RETI

Name: J.W. FLOOR COVERING, INC. - J.W. FLOOR COVERING/RESOURCE FLOORS EMPLOYEE SAVINGS AND RETI (2023) Form 5500
Creator: J.W. FLOOR COVERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J.W. FLOOR COVERING/RESOURCE FLOORS EMPLOYEE SAVINGS AND RETI, J.W. FLOOR COVERING, INC.

J.W. FLOOR COVERING, INC.EIN 33-0192832Plan #002PY 2023

9881 CARROLL CENTRE RD - SAN DIEGO, CA 92126858-444-3774

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.9M

+29.3% from 2022

Total participants

215

+1.4% from 2022

Average account balance

$34,267

+18.8% from 2022

Annual return

25.31%

+47.47 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.95M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

142

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$361K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$365

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 15 · EIN 13-5674085	Recordkeeping	$24,692
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$16,242
ADP BROKER-DEALER4 years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$41K

$251 / participant

Recordkeeping$16K39.7%
Investment mgmt$25K60.3%

% of EOY assets

0.691%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: JGD & ASSOCIATES LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,267

$76,670-55.3%

$96,683-64.6%

$71,457-52.0%

Participation rate

74.2%

66.6%+7.7pp

74.3%-0.1pp

67.9%+6.3pp

Annual return

25.31%

48.29%-23.0pp

35.69%-10.4pp

28.85%-3.5pp

Employer contribution / active EE

$3,031-100.0%

$3,737-100.0%

$2,588-100.0%

Participant deferral / active EE

$2,092

$3,771-44.5%

$4,878-57.1%

$4,289-51.2%

Admin fee / account holder

$237

$2,028-88.3%

$6,730-96.5%

$1,587-85.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 15 · EIN 13-5674085

Recordkeeping

$24,692

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$16,242

ADP BROKER-DEALER4 years

Service code 49 · EIN 22-3319984

Other Services

J.W. FLOOR COVERING/RESOURCE FLOORS EMPLOYEE SAVINGS AND RETI

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J.W. FLOOR COVERING/RESOURCE FLOORS EMPLOYEE SAVINGS AND RETI

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