Retirement plan

QUILTING CREATIONS INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN

Name: QUILTING CREATIONS INTERNATIONAL, INC. - QUILTING CREATIONS INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: QUILTING CREATIONS INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUILTING CREATIONS INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN, QUILTING CREATIONS INTERNATIONAL, INC.

QUILTING CREATIONS INTERNATIONAL, INC.EIN 34-1828641Plan #001PY 2018

P.O. BOX 512, 8778 TOWPATH ROAD - ZOAR, OH 44697330-874-4741

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$366K

+7.4% from 2017

Total participants

0.0% from 2017

Average account balance

$60,934

+7.4% from 2017

Annual return

-8.48%

-32.20 pp from 2017

Benchmarks

See 21,281 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,281 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.43M

Not enough data

1 years with asset history on file

Average account balance

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

$238K

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.

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

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+20.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,934

$92,219-33.9%

$76,767-20.6%

$135,380-55.0%

Participation rate

55.6%

79.8%-24.2pp

77.0%-21.4pp

82.6%-27.1pp

Annual return

-8.48%

5.46%-13.9pp

2.43%-10.9pp

519.81%-528.3pp

Employer contribution / active EE

$1,075

$3,216-66.6%

$2,485-56.8%

$4,779-77.5%

Participant deferral / active EE

$4,933

$4,508+9.4%

$3,852+28.1%

$5,609-12.0%

Admin fee / account holder

$10,749-100.0%

$6,675-100.0%

$10,828-100.0%

QUILTING CREATIONS INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

QUILTING CREATIONS INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion