Retirement plan

AMERICAN WHOLESALE FURNITURE, INC. 401(K) PROFIT SHARING PLAN

Name: AMERICAN WHOLESALE FURNITURE, INC. - AMERICAN WHOLESALE FURNITURE, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: AMERICAN WHOLESALE FURNITURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN WHOLESALE FURNITURE, INC. 401(K) PROFIT SHARING PLAN, AMERICAN WHOLESALE FURNITURE, INC.

AMERICAN WHOLESALE FURNITURE, INC.EIN 35-1701970Plan #001PY 2024

430 SOUTH FRANKLIN ROAD - INDIANAPOLIS, IN 462197736317-357-1951americanwholesalers.bizLinkedIn11-50 employeesbuilding materials

Other plans on this EIN

1 filing

#002Retirement-$7.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.9M

-7.4% from 2023

Total participants

108

-6.1% from 2023

Average account balance

$92,072

-1.4% from 2023

Annual return

9.67%

-3.59 pp from 2023

Benchmarks

See 9,004 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,004 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.73M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

147.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$261K

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

+18.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3783

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 codes2E2F2G2J2T3D

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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$39388 / participant

Other / not subdivided$2M100.0%

% of EOY assets

20.994%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$92,072

$101,752-9.5%

$164,928-44.2%

$80,911+13.8%

Participation rate

100.0%

71.8%+28.2pp

78.6%+21.4pp

67.6%+32.4pp

Annual return

9.67%

16.73%-7.1pp

70.08%-60.4pp

35.63%-26.0pp

Employer contribution / active EE

$2,525

$2,953-14.5%

$4,343-41.9%

$2,756-8.4%

Participant deferral / active EE

$2,148

$4,477-52.0%

$6,034-64.4%

$4,297-50.0%

Admin fee / account holder

$19,329

$8,218+135.2%

$12,684+52.4%

$6,935+178.7%

AMERICAN WHOLESALE FURNITURE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN WHOLESALE FURNITURE, 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