Retirement plan

ZIEM'S CARPET WORKROOM, INC. UNION PROFIT SHARING PLAN

Name: ZIEM'S CARPET WORKROOM, INC. D/B/A MARS CARPET SALES - ZIEM'S CARPET WORKROOM, INC. UNION PROFIT SHARING PLAN (2024) Form 5500
Creator: ZIEM'S CARPET WORKROOM, INC. D/B/A MARS CARPET SALES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZIEM'S CARPET WORKROOM, INC. UNION PROFIT SHARING PLAN, ZIEM'S CARPET WORKROOM, INC. D/B/A MARS CARPET SALES

ZIEM'S CARPET WORKROOM, INC. D/B/A MARS CARPET SALESEIN 41-1000047Plan #003PY 2024

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

Other plans on this EIN

1 filing

#002Retirement-$712K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3M

+23.9% from 2023

Total participants

-3.3% from 2023

Average account balance

$102,028

+28.1% from 2023

Annual return

20.46%

+1.04 pp from 2023

Benchmarks

See 22,321 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,321 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

213.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88K

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

+14.96%

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$342 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.150%

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

$102,028

$111,785-8.7%

$93,669+8.9%

$145,877-30.1%

Participation rate

100.0%

74.2%+25.8pp

68.7%+31.3pp

80.3%+19.7pp

Annual return

20.46%

203.79%-183.3pp

133.59%-113.1pp

551.28%-530.8pp

Employer contribution / active EE

$3,239

$3,096+4.6%

$2,424+33.7%

$4,663-30.5%

Participant deferral / active EE

$3,346

$4,919-32.0%

$4,416-24.2%

$6,691-50.0%

Admin fee / account holder

$153

$10,256-98.5%

$8,291-98.2%

$13,402-98.9%

ZIEM'S CARPET WORKROOM, INC. UNION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZIEM'S CARPET WORKROOM, INC. UNION 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