Retirement plan

WASHINGTON MUSIC SALES CENTER, INC. 401(K) PLAN

Name: WASHINGTON MUSIC SALES CENTER, INC. - WASHINGTON MUSIC SALES CENTER, INC. 401(K) PLAN (2016) Form 5500
Creator: WASHINGTON MUSIC SALES CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON MUSIC SALES CENTER, INC. 401(K) PLAN, WASHINGTON MUSIC SALES CENTER, INC.

WASHINGTON MUSIC SALES CENTER, INC.EIN 53-0259612Plan #002PY 2016

11151 VEIRS MILL ROAD - WHEATON, MD 209022533301-946-8808LinkedIn51-200 employeesmusic

Other plans on this EIN

1 filing

#004Retirement-$485K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.1M

+3.6% from 2015

Total participants

+10.7% from 2015

Average account balance

$107,518

+1.2% from 2015

Annual return

4.95%

+4.93 pp from 2015

Benchmarks

See 2,077 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,077 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.36M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

76.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$305K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12756

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 codes2E2F2G2J2T3D3H

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$476K

$5951 / participant

Other / not subdivided$476K100.0%

% of EOY assets

5.209%

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

$107,518

$49,025+119.3%

$87,502+22.9%

$62,881+71.0%

Participation rate

90.0%

64.9%+25.1pp

73.8%+16.2pp

69.3%+20.7pp

Annual return

4.95%

10.02%-5.1pp

12.21%-7.3pp

20.14%-15.2pp

Employer contribution / active EE

$1,241

$1,372-9.5%

$2,550-51.3%

$2,281-45.6%

Participant deferral / active EE

$3,011

$2,289+31.5%

$3,149-4.4%

$3,203-6.0%

Admin fee / account holder

$5,601

$4,065+37.8%

$4,221+32.7%

$4,296+30.4%

WASHINGTON MUSIC SALES CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON MUSIC SALES CENTER, 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