Retirement plan

GRAND PIANO & FURNITURE CO. , INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Name: GRAND HOME FURNISHINGS - GRAND PIANO & FURNITURE CO. , INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN (2024) Form 5500
Creator: GRAND HOME FURNISHINGS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAND PIANO & FURNITURE CO. , INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN, GRAND HOME FURNISHINGS

GRAND HOME FURNISHINGSEIN 54-0462688Plan #001PY 2024

4235 ELECTRIC ROAD SW - ROANOKE, VA 24018540-776-7000grandhomefurnishings.comLinkedIn201-500 employeesretail

Prospect flagsHigh cashCorrective distributions

How to read this page

Total assets (EOY)

$23.7M

-2.2% from 2023

Total participants

522

-0.4% from 2023

Average account balance

$48,749

+5.2% from 2023

Annual return

12.02%

-5.46 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.74M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

487

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES2 years Service code 15 · EIN 16-1450952	Recordkeeping	$59,064
PINNACLE BANK2 years Service code 21 · EIN 62-1829917	Bank Trustee	$56,759
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$116K

$325 / participant

Recordkeeping$59K51.0%
Investment mgmt$57K49.0%

% of EOY assets

0.488%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: J.A. JOHNSON & CO., P.C.
Auditor EIN: 582019316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,749

$54,193-10.0%

$93,669-48.0%

$77,714-37.3%

Participation rate

90.2%

63.9%+26.2pp

68.7%+21.4pp

70.6%+19.6pp

Annual return

12.02%

30.54%-18.5pp

133.59%-121.6pp

31.26%-19.2pp

Employer contribution / active EE

$1,168-100.0%

$2,424-100.0%

$2,727-100.0%

Participant deferral / active EE

$3,229

$3,144+2.7%

$4,416-26.9%

$4,649-30.6%

Admin fee / account holder

$238

$576-58.7%

$8,291-97.1%

$433-45.1%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES2 years

Service code 15 · EIN 16-1450952

Recordkeeping

$59,064

PINNACLE BANK2 years

Service code 21 · EIN 62-1829917

Bank Trustee

$56,759

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27

Advisory (Plan)

GRAND PIANO & FURNITURE CO. , INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAND PIANO & FURNITURE CO. , INC. RETIREMENT SAVINGS AND 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