Retirement plan

CARTER-JONES COMPANIES 401(K) RETIREMENT PLAN

Name: CARTER-JONES COMPANIES, INC. - CARTER-JONES COMPANIES 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: CARTER-JONES COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARTER-JONES COMPANIES 401(K) RETIREMENT PLAN, CARTER-JONES COMPANIES, INC.

CARTER-JONES COMPANIES, INC.EIN 34-1128274Plan #001PY 2020

601 TALLMADGE ROAD - KENT, OH 442407331330-673-6100LinkedIn1001-5000 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$104.2M

+22.6% from 2019

Total participants

4,355

+8.8% from 2019

Average account balance

$27,148

+19.2% from 2019

Annual return

15.79%

-3.55 pp from 2019

Benchmarks

See 348 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort348 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$167.41M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

5,964

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 2 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB Service code 19 · EIN 42-1558009	Securities Custodian	$40,326
USI CONSULTING GROUP1 year Filed as: FINDLEY, A DIVISION OF USI Service code 15 · EIN 06-1053228	Recordkeeping	$28,943

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$22 / participant

Investment mgmt$40K58.2%
Contract admin$29K41.8%

% of EOY assets

0.066%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,148

$43,466-37.5%

$90,970-70.2%

$90,274-69.9%

Participation rate

83.4%

62.5%+20.9pp

69.0%+14.4pp

73.4%+10.0pp

Annual return

15.79%

25.26%-9.5pp

134.58%-118.8pp

53.97%-38.2pp

Employer contribution / active EE

$552

$840-34.2%

$2,122-74.0%

$2,523-78.1%

Participant deferral / active EE

$2,867

$2,138+34.1%

$3,373-15.0%

$4,231-32.2%

Admin fee / account holder

$18

$92-80.4%

$5,960-99.7%

$114-84.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 42-1558009

Securities Custodian

$40,326

USI CONSULTING GROUP1 year

Filed as: FINDLEY, A DIVISION OF USI

Service code 15 · EIN 06-1053228

Recordkeeping

$28,943

CARTER-JONES COMPANIES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARTER-JONES COMPANIES 401(K) RETIREMENT 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