Retirement plan

ACE RETAIL SAVINGS PLAN 401(K)

Name: ACE HARDWARE CORPORATION - ACE RETAIL SAVINGS PLAN 401(K) (2024) Form 5500
Creator: ACE HARDWARE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACE RETAIL SAVINGS PLAN 401(K), ACE HARDWARE CORPORATION

ACE HARDWARE CORPORATIONEIN 36-0700810Plan #333PY 2024

2200 KENSINGTON COURT - OAK BROOK, IL 60523630-990-6600acehardware.comLinkedIn5001-10000 employeesretail

Other plans on this EIN

2 filings

#001Retirement-$1.15B assets #002Retirement-$51.0M assets

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 17, 2005 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$188.2M

-25.6% from 2016

Total participants

11,052

-42.1% from 2016

Average account balance

$45,660

+28.3% from 2016

Annual return

13.79%

-28.32 pp from 2016

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$188.21M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

4,122

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.

32.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 15 · EIN 13-3689044	Recordkeeping	$618,408
TRANSAMERICA RETIREMENT SOLUTIONS6 years Filed as: TRANSAMERICA FINANCIAL LIFE Service code 15 · EIN 36-6071399	Recordkeeping	$150,751
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING Service code 27 · EIN 84-4519624	Advisory (Plan)	$123,292
ADMIN. GROUP, LLC DBA TAG RESOURCES3 years Service code 15 · EIN 62-1874769	Recordkeeping	$102,338
MESIROW FINANCIAL INVESTMENT MANAGE10+ years Filed as: MESIROW FINANCIAL Service code 27 · EIN 36-3429599	Advisory (Plan)	$55,238
TEMPLETON & COMPANY LLP6 years Filed as: TEMPLETON & COMPANY Service code 10 · EIN 14-1918990	Accounting	$17,500
BENESCH FRIEDLANDER COPLAN & ARONO1 year Filed as: BENSCH FRIEDLANDER COPLAN AND ARONF Service code 29 · EIN 34-6596918	Legal	$2,480
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST CO Service code 21 · EIN 42-0947998	Bank Trustee	$250

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant 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).

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$105 / participant

Recordkeeping$871K81.4%
Investment mgmt$179K16.7%
Legal$2K0.2%
Other trustee fees$2500.0%
Other / not subdivided$18K1.6%

% of EOY assets

0.569%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEMPLETON & CO
Auditor EIN: 141918990
Audit fees: $17,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,660

$106,553-57.1%

$81,882-44.2%

$106,553-57.1%

Participation rate

32.2%

69.8%-37.6pp

72.4%-40.1pp

69.8%-37.6pp

Annual return

13.79%

17.37%-3.6pp

779.47%-765.7pp

17.37%-3.6pp

Employer contribution / active EE

$552

$3,359-83.6%

$2,916-81.1%

$3,359-83.6%

Participant deferral / active EE

$1,248

$5,562-77.6%

$4,323-71.1%

$5,562-77.6%

Admin fee / account holder

$260

$80+226.0%

$7,360-96.5%

$80+226.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$618,408

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Filed as: TRANSAMERICA FINANCIAL LIFE

Service code 15 · EIN 36-6071399

Recordkeeping

$150,751

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING

Service code 27 · EIN 84-4519624

Advisory (Plan)

$123,292

ADMIN. GROUP, LLC DBA TAG RESOURCES3 years

Service code 15 · EIN 62-1874769

Recordkeeping

$102,338

MESIROW FINANCIAL INVESTMENT MANAGE10+ years

Filed as: MESIROW FINANCIAL

Service code 27 · EIN 36-3429599

Advisory (Plan)

$55,238

TEMPLETON & COMPANY LLP6 years

Filed as: TEMPLETON & COMPANY

Service code 10 · EIN 14-1918990

Accounting

$17,500

BENESCH FRIEDLANDER COPLAN & ARONO1 year

Filed as: BENSCH FRIEDLANDER COPLAN AND ARONF

Service code 29 · EIN 34-6596918

Legal

$2,480

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST CO

Service code 21 · EIN 42-0947998

Bank Trustee

$250

ACE RETAIL SAVINGS PLAN 401(K)

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACE RETAIL SAVINGS PLAN 401(K)

Top hat statement on fileNQDC

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