Retirement plan

OFFICE FURNITURE RESOURCES, INC. SAVINGS AND RETIREMENT PLAN & TRUST

Name: OFFICE FURNITURE RESOURCES, INC. - OFFICE FURNITURE RESOURCES, INC. SAVINGS AND RETIREMENT PLAN & TRUST (2022) Form 5500
Creator: OFFICE FURNITURE RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OFFICE FURNITURE RESOURCES, INC. SAVINGS AND RETIREMENT PLAN & TRUST, OFFICE FURNITURE RESOURCES, INC.

OFFICE FURNITURE RESOURCES, INC.EIN 39-1775972Plan #001PY 2022

8787 WEST BROWN DEER ROAD - MILWAUKEE, WI 53224414-353-9725ofr-inc.comLinkedIn51-200 employeesfurniture

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.7M

-9.7% from 2021

Total participants

+13.0% from 2021

Average account balance

$131,111

-16.2% from 2021

Annual return

-17.01%

-29.02 pp from 2021

Benchmarks

See 9,444 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,444 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.00M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$344K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12291

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 codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$600

$14 / participant

Other / not subdivided$600100.0%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$131,111

$59,819+119.2%

$79,583+64.7%

$68,490+91.4%

Participation rate

44.2%

61.1%-16.9pp

69.5%-25.3pp

67.9%-23.7pp

Annual return

-17.01%

-12.30%-4.7pp

0.16%-17.2pp

-7.85%-9.2pp

Employer contribution / active EE

$1,741

$1,505+15.7%

$2,414-27.9%

$2,597-32.9%

Participant deferral / active EE

$5,160

$3,025+70.6%

$3,986+29.5%

$4,028+28.1%

Admin fee / account holder

$21

$4,835-99.6%

$6,835-99.7%

$5,403-99.6%

OFFICE FURNITURE RESOURCES, INC. SAVINGS AND RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OFFICE FURNITURE RESOURCES, INC. SAVINGS AND RETIREMENT PLAN & TRUST

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