Retirement plan

FLOORING LIQUIDATORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: FLOORING LIQUIDATORS, INC. - FLOORING LIQUIDATORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: FLOORING LIQUIDATORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLOORING LIQUIDATORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, FLOORING LIQUIDATORS, INC.

FLOORING LIQUIDATORS, INC.EIN 41-2130250Plan #001PY 2022

736 MARIPOSA ROAD, STE F - MODESTO, CA 95354209-577-1035flooringliquidators.netLinkedIn201-500 employeesretail

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

-6.9% from 2021

Total participants

210

+7.7% from 2021

Average account balance

$61,145

-29.4% from 2021

Annual return

-21.90%

-59.19 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.19M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

38.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$614K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+29.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39011

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 3 by compensation

Provider	Service type	Compensation
THOMAS BEAL1 year Filed as: THOMAS M. OLIVEIRA DBA OLIVEIRA WEA Service code 27 810 STANDIFORD AVE, STE 3 · MODESTO, CA 95350	Advisory (Plan)	$5,468
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 15 · EIN 82-4555287 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping	$150
AMERICAN FUNDS2 years Service code 15 · EIN 95-6817943 P.O. BOX 6040 · INDIANAPOLIS, IN 462066040	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$6K

$29 / participant

Contract admin$6K100.0%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRIMBLEBY COLEMAN, CPAS'S INC.
Auditor EIN: 770000018
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,145

$49,451+23.6%

$79,580-23.2%

$66,938-8.7%

Participation rate

29.2%

61.3%-32.1pp

69.5%-40.3pp

69.8%-40.6pp

Annual return

-21.90%

84.25%-106.2pp

0.15%-22.1pp

1.58%-23.5pp

Employer contribution / active EE

$973

$1,266-23.1%

$2,413-59.7%

$2,545-61.8%

Participant deferral / active EE

$1,985

$3,159-37.1%

$3,985-50.2%

$4,238-53.2%

Admin fee / account holder

$99

$595-83.4%

$6,835-98.6%

$594-83.4%

Provider

Service type

Compensation

THOMAS BEAL1 year

Filed as: THOMAS M. OLIVEIRA DBA OLIVEIRA WEA

Service code 27

810 STANDIFORD AVE, STE 3 · MODESTO, CA 95350

Advisory (Plan)

$5,468

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 15 · EIN 82-4555287

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping

$150

AMERICAN FUNDS2 years

Service code 15 · EIN 95-6817943

P.O. BOX 6040 · INDIANAPOLIS, IN 462066040

Recordkeeping

FLOORING LIQUIDATORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLOORING LIQUIDATORS, INC. 401(K) PROFIT SHARING PLAN AND 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