Retirement plan

FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN

Name: FAMOUS ENTERPRISES, INC. - FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN (2018) Form 5500
Creator: FAMOUS ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN, FAMOUS ENTERPRISES, INC.

FAMOUS ENTERPRISES, INC.EIN 34-1726677Plan #001PY 2018

2620 RIDGEWOOD ROAD - AKRON, OH 44313330-762-9621

Prospect flagsLow employer contributionFailed to transmit contributionsLoss discovered

How to read this page

Total assets (EOY)

$33.6M

-8.3% from 2017

Total participants

1,169

+0.9% from 2017

Average account balance

$31,296

-7.8% from 2017

Annual return

-3.56%

-16.31 pp from 2017

Benchmarks

See 1,274 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,274 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.29M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

1,229

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 2 by compensation

Provider	Service type	Compensation
SAFEGUARD SECURITIES, INC.4+ years Service code 27 · EIN 23-2697799	Advisory (Plan)	$99,520
FLEXIBLE BENEFITS SYSTEMS, INC.4+ years Service code 15 · EIN 34-1722481	Recordkeeping	$40,529

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D3H

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).
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceLoss discovered
Plan reported the discovery of a loss from fraud or dishonesty.

Expense breakdown

Schedule H Part II

Admin total

$161K

$172 / participant

Investment mgmt$89K55.1%
Other / not subdivided$72K44.9%

% of EOY assets

0.479%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHEN & COMPANY, LTD
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,296

$62,267-49.7%

$110,243-71.6%

$55,725-43.8%

Participation rate

89.8%

78.1%+11.6pp

79.8%+9.9pp

70.9%+18.9pp

Annual return

-3.56%

-1.07%-2.5pp

314.76%-318.3pp

244.93%-248.5pp

Employer contribution / active EE

$340

$1,941-82.5%

$3,827-91.1%

$2,078-83.6%

Participant deferral / active EE

$2,229

$3,516-36.6%

$4,672-52.3%

$3,356-33.6%

Admin fee / account holder

$150

$121+24.0%

$8,548-98.2%

$115+30.2%

Provider

Service type

Compensation

SAFEGUARD SECURITIES, INC.4+ years

Service code 27 · EIN 23-2697799

Advisory (Plan)

$99,520

FLEXIBLE BENEFITS SYSTEMS, INC.4+ years

Service code 15 · EIN 34-1722481

Recordkeeping

$40,529

FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMOUS ENTERPRISES, INC. EMPLOYEE SAVINGS 401(K) 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