Retirement plan

DOMESTIC LINEN SUPPLY & LAUNDRY CO. RETIREMENT SAVINGS PLAN

Name: DOMESTIC LINEN SUPPLY & LAUNDRY CO - DOMESTIC LINEN SUPPLY & LAUNDRY CO. RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: DOMESTIC LINEN SUPPLY & LAUNDRY CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOMESTIC LINEN SUPPLY & LAUNDRY CO. RETIREMENT SAVINGS PLAN, DOMESTIC LINEN SUPPLY & LAUNDRY CO

DOMESTIC LINEN SUPPLY & LAUNDRY COEIN 38-0492080Plan #007PY 2022

30555 NORTHWESTERN HWY., 300 - FARMINGTON HILLS, MI 48334248-737-2000

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19M

-13.9% from 2021

Total participants

367

-26.3% from 2021

Average account balance

$53,733

+2.4% from 2021

Annual return

-13.04%

-23.55 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.47M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

461

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$907K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP INC Service code 21 · EIN 27-2037969 13925 BALLANTYNE STE 500 · CHARLOTTE, SC 28277	Bank Trustee	$59,487
SCHLAUPITZ MADHAVAN PC1 year Filed as: SCHLAUPITZ MADHAVAN P.C Service code 10 · EIN 75-3148637 820 KIRTS BLVD.,SUITE 100 · TROY, MI 48084	Accounting	$29,900

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$89K

$289 / participant

Other / not subdivided$89K100.0%

% of EOY assets

0.470%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHLAUPITZ MADHAVAN, P.C
Auditor EIN: 753148637
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,733

$47,766+12.5%

$82,744-35.1%

$64,819-17.1%

Participation rate

95.8%

67.7%+28.1pp

72.6%+23.2pp

71.5%+24.3pp

Annual return

-13.04%

-13.06%0pp

702.22%-715.3pp

32.84%-45.9pp

Employer contribution / active EE

$1,230

$2,182-43.6%

$3,008-59.1%

$2,507-50.9%

Participant deferral / active EE

$1,827

$3,332-45.2%

$4,395-58.4%

$4,311-57.6%

Admin fee / account holder

$253

$143+76.6%

$5,325-95.3%

$188+34.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP INC

Service code 21 · EIN 27-2037969

13925 BALLANTYNE STE 500 · CHARLOTTE, SC 28277

Bank Trustee

$59,487

SCHLAUPITZ MADHAVAN PC1 year

Filed as: SCHLAUPITZ MADHAVAN P.C

Service code 10 · EIN 75-3148637

820 KIRTS BLVD.,SUITE 100 · TROY, MI 48084

Accounting

$29,900

DOMESTIC LINEN SUPPLY & LAUNDRY CO. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOMESTIC LINEN SUPPLY & LAUNDRY CO. RETIREMENT SAVINGS 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