Retirement plan

SAVINGS PLAN FOR THE INSTALLERS OF DOUGLAS FLOOR COVERING, INC.

Name: DOUGLAS FLOOR COVERING, INC. - SAVINGS PLAN FOR THE INSTALLERS OF DOUGLAS FLOOR COVERING, INC. (2020) Form 5500
Creator: DOUGLAS FLOOR COVERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS PLAN FOR THE INSTALLERS OF DOUGLAS FLOOR COVERING, INC., DOUGLAS FLOOR COVERING, INC.

DOUGLAS FLOOR COVERING, INC.EIN 36-3343462Plan #004PY 2020

200 ALDER DR - NORTH AURORA, IL 60542630-892-8620douglascarpetonenorthaurora.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$1.7M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$671K

+21.5% from 2019

Total participants

+76.2% from 2019

Average account balance

$134,286

+21.5% from 2019

Annual return

17.49%

-4.97 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$968K

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

7.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$392

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1382

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 codes2E2F2G2J2T3D3H

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.
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

2 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.

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

$134,286

$65,034+106.5%

$90,970+47.6%

$79,856+68.2%

Participation rate

13.5%

61.6%-48.1pp

69.0%-55.5pp

69.6%-56.1pp

Annual return

17.49%

30.45%-13.0pp

134.60%-117.1pp

31.71%-14.2pp

Employer contribution / active EE

$1,247-100.0%

$2,122-100.0%

$2,471-100.0%

Participant deferral / active EE

$604

$2,512-75.9%

$3,373-82.1%

$3,741-83.8%

Admin fee / account holder

$4,536-100.0%

$5,961-100.0%

$5,306-100.0%

SAVINGS PLAN FOR THE INSTALLERS OF DOUGLAS FLOOR COVERING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SAVINGS PLAN FOR THE INSTALLERS OF DOUGLAS FLOOR COVERING, INC.

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