Retirement plan

CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN

Name: CARL'S GOLFLAND, INC. - CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN (2020) Form 5500
Creator: CARL'S GOLFLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN, CARL'S GOLFLAND, INC.

CARL'S GOLFLAND, INC.EIN 38-1893867Plan #002PY 2020

1976 S. TELEGRAPH ROAD - BLOOMFIELD HILLS, MI 48302248-335-8095

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

-9.8% from 2019

Total participants

138

+10.4% from 2019

Average account balance

$62,674

-17.3% from 2019

Annual return

13.75%

-6.86 pp from 2019

Benchmarks

See 435 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort435 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.67M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

172

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$824K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+23.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$301

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
MORGAN STANLEY SMITH BARNEY1 year Service code 12 34901 WOODWARD AVE · BIRMINGHAM, MI 480090923	Claims processing; Direct payment fro...	$28,190
CPI QUALIFIED PLAN CONSULTANTS, INC5 years Service code 15 · EIN 48-1205033	Recordkeeping	$13,585

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$42K

$373 / participant

Investment mgmt$28K67.5%
Contract admin$14K32.5%

% of EOY assets

0.505%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PORVIN, BURNSTEIN & GARELIK, PLLC
Auditor EIN: 383412927
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,674

$55,122+13.7%

$104,639-40.1%

$73,497-14.7%

Participation rate

94.6%

67.7%+26.9pp

74.1%+20.6pp

70.7%+24.0pp

Annual return

13.75%

24.77%-11.0pp

340.67%-326.9pp

28.51%-14.8pp

Employer contribution / active EE

$1,719

$1,464+17.4%

$2,682-35.9%

$2,270-24.3%

Participant deferral / active EE

$2,894

$2,919-0.9%

$3,738-22.6%

$3,740-22.6%

Admin fee / account holder

$316

$423-25.1%

$6,465-95.1%

$513-38.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Service code 12

34901 WOODWARD AVE · BIRMINGHAM, MI 480090923

Claims processing; Direct payment fro...

$28,190

CPI QUALIFIED PLAN CONSULTANTS, INC5 years

Service code 15 · EIN 48-1205033

Recordkeeping

$13,585

CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) 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