Retirement plan

MINOR'S GARDEN CENTER, INC. PROFIT SHARING PLAN

Name: MINORS GARDEN CENTER, INC. - MINOR'S GARDEN CENTER, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: MINORS GARDEN CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINOR'S GARDEN CENTER, INC. PROFIT SHARING PLAN, MINORS GARDEN CENTER, INC.

MINORS GARDEN CENTER, INC.EIN 39-1093447Plan #001PY 2019

7777 N. 76TH ST. - MILWAUKEE, WI 53223414-354-4886

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.4M

-39.5% from 2018

Total participants

-29.7% from 2018

Average account balance

$14,747

-21.3% from 2018

Annual return

0.59%

-5.90 pp from 2018

Benchmarks

See 9,368 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,368 peers

Snapshot2019

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.53M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

172.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$997

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,271
HAWKINS ASH CPAS1 year Filed as: HAWKINS ASH CPA LLP Service code 10 · EIN 39-0912608 1249 W LIEBAU RD STE 200 · MEQUONE, WI 53092	Accounting	$9,800
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Filed as: NORTHWESTERN MUTUAL Service code 55	Other Commissions	$6,016
EPIC RETIREMENT PLAN SERVICES2 years Filed as: PPG RETIREMENT PLAN SERVICES Service code 13 · EIN 39-1915811 5525 GREEN BAY RD SUITE 200 · KENOSHA, WI 53144	Contract Administrator	$3,789
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Service code 55 720 EAST WISCONSIN AVE · MILWAUKEE, WI 53202	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E3D2F2G2J2K2T

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.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$578 / participant

Contract admin$26K100.0%

% of EOY assets

1.836%

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: HAWKINS ASH CPAS LLP
Auditor EIN: 390912608
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,747

$58,512-74.8%

$84,015-82.4%

$72,985-79.8%

Participation rate

97.8%

61.2%+36.6pp

69.0%+28.8pp

69.5%+28.3pp

Annual return

0.59%

28.93%-28.3pp

71.31%-70.7pp

81.00%-80.4pp

Employer contribution / active EE

$175

$1,163-84.9%

$1,983-91.2%

$2,440-92.8%

Participant deferral / active EE

$336

$2,394-86.0%

$3,239-89.6%

$3,607-90.7%

Admin fee / account holder

$271

$4,569-94.1%

$6,101-95.6%

$5,124-94.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,271

HAWKINS ASH CPAS1 year

Filed as: HAWKINS ASH CPA LLP

Service code 10 · EIN 39-0912608

1249 W LIEBAU RD STE 200 · MEQUONE, WI 53092

Accounting

$9,800

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Filed as: NORTHWESTERN MUTUAL

Service code 55

Other Commissions

$6,016

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: PPG RETIREMENT PLAN SERVICES

Service code 13 · EIN 39-1915811

5525 GREEN BAY RD SUITE 200 · KENOSHA, WI 53144

Contract Administrator

$3,789

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Service code 55

720 EAST WISCONSIN AVE · MILWAUKEE, WI 53202

Other Commissions

MINOR'S GARDEN CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINOR'S GARDEN CENTER, INC. PROFIT SHARING 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