Retirement plan

ACE RETAIL SAVINGS PLAN

Name: ACE HARDWARE CORPORATION - ACE RETAIL SAVINGS PLAN (2016) Form 5500
Creator: ACE HARDWARE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACE RETAIL SAVINGS PLAN, ACE HARDWARE CORPORATION

ACE HARDWARE CORPORATIONEIN 36-0700810Plan #333PY 2016

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

Other plans on this EIN

1 filing

#001Retirement-$601.9M assets

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

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)

$52.5M

+34.3% from 2015

Total participants

3,809

+72.7% from 2015

Average account balance

$33,078

-22.1% from 2015

Annual return

28.32%

+28.32 pp from 2015

Benchmarks

See 204 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort204 peers

Snapshot2016

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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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 36-6071399	Recordkeeping	$102,158
MESIROW FINANCIAL INVESTMENT MANAGE2+ years Filed as: MESIROW FINANCIAL Service code 27 · EIN 36-3429599	Advisory (Plan)	$74,084
PINNACLE FINANCIAL SERVICES, INC.2+ years Service code 15 · EIN 59-2438373	Recordkeeping	$72,647
3(16) FIDUCIARY SERVICES CORP2+ years Filed as: 3(16) FIDUCIARY SERVICES CORP. Service code 14 · EIN 45-4813650	Plan Administrator	$26,001
PINNACLE FINANCIAL SERVICES, INC.1 year Filed as: PINNACLE FINANCIAL SERVICES, INC Service code 15	Recordkeeping	$4,606

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$282K

$79 / participant

Investment mgmt$219K77.6%
Other / not subdivided$63K22.4%

% of EOY assets

0.536%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,078

$34,495-4.1%

$78,689-58.0%

$63,975-48.3%

Participation rate

37.7%

60.8%-23.1pp

73.6%-35.9pp

71.1%-33.4pp

Annual return

28.32%

11.62%+16.7pp

62.18%-33.9pp

48.65%-20.3pp

Employer contribution / active EE

$517

$1,398-63.0%

$2,851-81.9%

$2,182-76.3%

Participant deferral / active EE

$956

$2,100-54.5%

$3,517-72.8%

$3,356-71.5%

Admin fee / account holder

$177

$68+161.0%

$4,510-96.1%

$70+151.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 36-6071399

Recordkeeping

$102,158

MESIROW FINANCIAL INVESTMENT MANAGE2+ years

Filed as: MESIROW FINANCIAL

Service code 27 · EIN 36-3429599

Advisory (Plan)

$74,084

PINNACLE FINANCIAL SERVICES, INC.2+ years

Service code 15 · EIN 59-2438373

Recordkeeping

$72,647

3(16) FIDUCIARY SERVICES CORP2+ years

Filed as: 3(16) FIDUCIARY SERVICES CORP.

Service code 14 · EIN 45-4813650

Plan Administrator

$26,001

PINNACLE FINANCIAL SERVICES, INC.1 year

Filed as: PINNACLE FINANCIAL SERVICES, INC

Service code 15

Recordkeeping

$4,606

ACE RETAIL SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACE RETAIL SAVINGS PLAN

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