Retirement plan

ZIEMS CARPET WORKROOM, INC. PROFIT SHARING PLAN

Name: ZIEMS CARPET WORKROOM, INC. D/B/A MARS CARPET SALES - ZIEMS CARPET WORKROOM, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: ZIEMS CARPET WORKROOM, INC. D/B/A MARS CARPET SALES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZIEMS CARPET WORKROOM, INC. PROFIT SHARING PLAN, ZIEMS CARPET WORKROOM, INC. D/B/A MARS CARPET SALES

ZIEMS CARPET WORKROOM, INC. D/B/A MARS CARPET SALESEIN 41-1000047Plan #002PY 2020

9240 GRAND AVE S, SUITE 150 - BLOOMINGTON, MN 55420952-884-0058

Other plans on this EIN

1 filing

#003Retirement-$2.2M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$914K

+15.4% from 2019

Total participants

0.0% from 2019

Average account balance

$152,253

+15.4% from 2019

Annual return

13.89%

+4.31 pp from 2019

Benchmarks

See 18,871 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,871 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$926K

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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

$152,253

$112,935+34.8%

$90,970+67.4%

$158,966-4.2%

Participation rate

100.0%

74.7%+25.3pp

69.0%+31.0pp

82.0%+18.0pp

Annual return

13.89%

215.79%-201.9pp

134.58%-120.7pp

302.95%-289.1pp

Employer contribution / active EE

$3,485

$2,895+20.4%

$2,122+64.2%

$4,762-26.8%

Participant deferral / active EE

$532

$4,129-87.1%

$3,373-84.2%

$5,983-91.1%

Admin fee / account holder

$8,045-100.0%

$5,960-100.0%

$11,250-100.0%

ZIEMS CARPET WORKROOM, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ZIEMS CARPET WORKROOM, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion