Retirement plan

THOS SOMERVILLE CO 401(K) RETIREMENT PLAN

Name: THOS SOMERVILLE CO - THOS SOMERVILLE CO 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: THOS SOMERVILLE CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOS SOMERVILLE CO 401(K) RETIREMENT PLAN, THOS SOMERVILLE CO

THOS SOMERVILLE COEIN 53-0147890Plan #001PY 2024

16155 TRADE ZONE AVE - UPPER MARLBORO, MD 20774301-430-2957thesomervilleshowroomhollywood.comLinkedIn1-10 employeesretail

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$45.4M

+9.0% from 2023

Total participants

469

+5.9% from 2023

Average account balance

$111,397

+6.6% from 2023

Annual return

11.29%

-5.49 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.45M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

408

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.

83.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC10+ years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$48,692
JANUS HENDERSON10+ years Filed as: JANUS FUNDS Service code 28 · EIN 43-1804048	Investment Management	$0
PIMCO FUNDS7 years Service code 28 · EIN 33-0629048	Investment Management	$0
T ROWE PRICE RPS INC7 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2G2J2K3D2F2T

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).
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$49K

$131 / participant

Other / not subdivided$49K100.0%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REGAN, SCHICKNER, & HARPER LLC
Auditor EIN: 853625959
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,397

$89,465+24.5%

$165,071-32.5%

$77,736+43.3%

Participation rate

83.6%

78.6%+5.0pp

70.6%+13.0pp

Annual return

11.29%

28.86%-17.6pp

70.17%-58.9pp

31.26%-20.0pp

Employer contribution / active EE

$1,341

$2,565-47.7%

$4,347-69.1%

$2,728-50.8%

Participant deferral / active EE

$4,369

$4,904-10.9%

$6,035-27.6%

$4,651-6.0%

Admin fee / account holder

$119

$340-64.9%

$12,695-99.1%

$433-72.5%

Provider

Service type

Compensation

T ROWE PRICE RPS INC10+ years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$48,692

JANUS HENDERSON10+ years

Filed as: JANUS FUNDS

Service code 28 · EIN 43-1804048

Investment Management

PIMCO FUNDS7 years

Service code 28 · EIN 33-0629048

Investment Management

T ROWE PRICE RPS INC7 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

THOS SOMERVILLE CO 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOS SOMERVILLE CO 401(K) RETIREMENT 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