Retirement plan

CAROL HOUSE FURNITURE, INC. 401(K) PROFIT SHARING PLAN

Name: CAROL HOUSE FURNITURE, INC. - CAROL HOUSE FURNITURE, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CAROL HOUSE FURNITURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROL HOUSE FURNITURE, INC. 401(K) PROFIT SHARING PLAN, CAROL HOUSE FURNITURE, INC.

CAROL HOUSE FURNITURE, INC.EIN 43-0957922Plan #001PY 2020

2332 MILLPARK DRIVE - MARYLAND HEIGHTS, MO 63043314-427-4200LinkedIn51-200 employeesfurniture

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$14.5M

+18.0% from 2019

Total participants

176

+4.8% from 2019

Average account balance

$95,066

+14.1% from 2019

Annual return

16.22%

-4.03 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.80M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

121

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$574K

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

+10.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$481

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
COMMERCE BANK6+ years Filed as: THE COMMERCE TRUST COMPANY Service code 27 · EIN 43-9557922	Advisory (Plan)	$35,128
NEWPORT GROUP, INC.5 years Service code 15 · EIN 27-4411131	Recordkeeping	$19,513

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$55K

$427 / participant

Investment mgmt$35K64.3%
Contract admin$20K35.7%

% of EOY assets

0.378%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,066

$54,573+74.2%

$90,970+4.5%

$73,493+29.4%

Participation rate

81.3%

61.2%+20.1pp

69.0%+12.2pp

70.7%+10.6pp

Annual return

16.22%

16.69%-0.5pp

134.58%-118.4pp

28.51%-12.3pp

Employer contribution / active EE

$2,182

$991+120.1%

$2,122+2.8%

$2,270-3.9%

Participant deferral / active EE

$3,141

$2,517+24.8%

$3,373-6.9%

$3,740-16.0%

Admin fee / account holder

$359

$521-31.1%

$5,960-94.0%

$513-29.9%

Provider

Service type

Compensation

COMMERCE BANK6+ years

Filed as: THE COMMERCE TRUST COMPANY

Service code 27 · EIN 43-9557922

Advisory (Plan)

$35,128

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 27-4411131

Recordkeeping

$19,513

CAROL HOUSE FURNITURE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROL HOUSE FURNITURE, INC. 401(K) 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