Retirement plan

ALBERT USTER IMPORTS, INC. 401(K) PLAN

Name: ALBERT USTER IMPORTS, INC. - ALBERT USTER IMPORTS, INC. 401(K) PLAN (2017) Form 5500
Creator: ALBERT USTER IMPORTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALBERT USTER IMPORTS, INC. 401(K) PLAN, ALBERT USTER IMPORTS, INC.

ALBERT USTER IMPORTS, INC.EIN 52-1174968Plan #002PY 2017

9211 GAITHER ROAD - GAITHERSBURG, MD 20877301-258-7350

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$6.2M

+24.2% from 2016

Total participants

171

+3.0% from 2016

Average account balance

$37,988

+5.0% from 2016

Annual return

15.82%

+6.00 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.28M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

177

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

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

+36.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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
COMMONWEALTH FINANCIAL NETWORK3+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$18,832
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$13,290

Plan features & details

Pension benefit codes2E2G2J2K2T

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.
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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$78 / participant

Contract admin$13K100.0%

% of EOY assets

0.216%

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: ELLIN TUCKER
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,988

$71,192-46.6%

$117,861-67.8%

$62,293-39.0%

Participation rate

94.7%

74.2%+20.5pp

79.7%+15.1pp

69.5%+25.2pp

Annual return

15.82%

18.66%-2.8pp

335.11%-319.3pp

28.90%-13.1pp

Employer contribution / active EE

$606

$1,934-68.7%

$3,786-84.0%

$2,042-70.3%

Participant deferral / active EE

$3,741

$3,189+17.3%

$4,482-16.5%

$3,169+18.0%

Admin fee / account holder

$82

$587-86.0%

$8,021-99.0%

$479-82.9%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$18,832

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$13,290

ALBERT USTER IMPORTS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALBERT USTER IMPORTS, INC. 401(K) 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