Retirement plan

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

Name: CARLS GOLFLAND, INC. - CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN (2024) Form 5500
Creator: CARLS GOLFLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN, CARLS GOLFLAND, INC.

CARLS GOLFLAND, INC.EIN 38-1893867Plan #002PY 2024

1976 S TELEGRAPH ROAD - BLOOMFIELD HILLS, MI 48302248-745-6279

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.7M

+16.2% from 2023

Total participants

174

+10.1% from 2023

Average account balance

$67,833

+1.4% from 2023

Annual return

23.87%

+7.69 pp from 2023

Benchmarks

See 491 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort491 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
CPI QUALIFIED PLAN CONSULTANTS, INC2 years Filed as: CPI QUALIFIED PLAN CONSULTANTS Service code 15 · EIN 48-1205033	Recordkeeping	$13,566
ECONOMIC GROUP PENSION SERVICES1 year Filed as: ECONOMIC GROUP PENSION SERVICES, LL Service code 49 · EIN 86-2963468	Other Services	$1,700

Plan features & details

Pension benefit codes2A2E2J2K3D3H

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$52K

$398 / participant

Recordkeeping$22K43.1%
Contract admin$29K56.9%

% of EOY assets

0.443%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,833

$58,926+15.1%

$97,226-30.2%

$74,495-8.9%

Participation rate

98.5%

63.5%+35.0pp

72.7%+25.8pp

67.2%+31.3pp

Annual return

23.87%

16.04%+7.8pp

75.13%-51.3pp

1364.94%-1341.1pp

Employer contribution / active EE

$2,496

$1,894+31.8%

$2,729-8.5%

$2,623-4.8%

Participant deferral / active EE

$3,846

$3,664+5.0%

$4,264-9.8%

$4,346-11.5%

Admin fee / account holder

$301

$1,974-84.8%

$5,654-94.7%

$1,942-84.5%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC2 years

Filed as: CPI QUALIFIED PLAN CONSULTANTS

Service code 15 · EIN 48-1205033

Recordkeeping

$13,566

ECONOMIC GROUP PENSION SERVICES1 year

Filed as: ECONOMIC GROUP PENSION SERVICES, LL

Service code 49 · EIN 86-2963468

Other Services

$1,700

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