Retirement plan

ACORN DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN

Name: ACORN DISTRIBUTORS, INC. - ACORN DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ACORN DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACORN DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN, ACORN DISTRIBUTORS, INC.

ACORN DISTRIBUTORS, INC.EIN 35-1386869Plan #001PY 2022

5820 FORTUNE CIRCLE DRIVE WEST - INDIANAPOLIS, IN 46241317-243-9234acorndistributors.comLinkedIn51-200 employeesfacilities services

Prospect flagsLow returnsHigh feesLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.5M

-19.5% from 2021

Total participants

147

+14.0% from 2021

Average account balance

$115,268

+6.1% from 2021

Annual return

-18.61%

-32.60 pp from 2021

Benchmarks

See 2,290 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,290 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.47M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

157

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$785K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$21,232
AMERICAN REALTY ADVISORS4 years Filed as: AMERICAN PENSION ADVISORS, LTD. Service code 13 · EIN 35-2015845 9465 COUNSELORS ROW · INDIANAPOLIS, IN 462406402	Contract Administrator	$8,992
THURSTON SPRINGER MILLER2 years Filed as: THURSTON SPRINGER FINANCIAL Service code 26 · EIN 35-1493200 9000 KEYSTONE CROSSING · INDIANAPOLIS, IN 462406402	Advisory (Participants)	$3,827
THURSTON SPRINGER MILLER4 years Filed as: THURSTON SPRINGER MILLER HERD TITAK Service code 26 · EIN 35-1493200	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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).

Expense breakdown

Schedule H Part II

Admin total

$41K

$347 / participant

Investment mgmt$41K100.0%

% of EOY assets

0.387%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PILE CPAS
Auditor EIN: 350865680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,268

$86,655+33.0%

$119,622-3.6%

$66,938+72.2%

Participation rate

52.1%

75.6%-23.4pp

79.3%-27.1pp

69.8%-17.7pp

Annual return

-18.61%

-8.00%-10.6pp

-14.98%-3.6pp

1.58%-20.2pp

Employer contribution / active EE

$476

$2,536-81.2%

$4,232-88.7%

$2,545-81.3%

Participant deferral / active EE

$4,590

$4,358+5.3%

$5,601-18.0%

$4,238+8.3%

Admin fee / account holder

$446

$755-40.9%

$10,328-95.7%

$594-24.8%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$21,232

AMERICAN REALTY ADVISORS4 years

Filed as: AMERICAN PENSION ADVISORS, LTD.

Service code 13 · EIN 35-2015845

9465 COUNSELORS ROW · INDIANAPOLIS, IN 462406402

Contract Administrator

$8,992

THURSTON SPRINGER MILLER2 years

Filed as: THURSTON SPRINGER FINANCIAL

Service code 26 · EIN 35-1493200

9000 KEYSTONE CROSSING · INDIANAPOLIS, IN 462406402

Advisory (Participants)

$3,827

THURSTON SPRINGER MILLER4 years

Filed as: THURSTON SPRINGER MILLER HERD TITAK

Service code 26 · EIN 35-1493200

Advisory (Participants)

ACORN DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACORN DISTRIBUTORS, INC. 401(K) PROFIT SHARING 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