Retirement plan

MERRIFIELD GARDEN CENTER 401(K) PROFIT SHARING RETIREMENT PLAN

Name: MERRIFIELD GARDEN CENTER CORP. - MERRIFIELD GARDEN CENTER 401(K) PROFIT SHARING RETIREMENT PLAN (2017) Form 5500
Creator: MERRIFIELD GARDEN CENTER CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERRIFIELD GARDEN CENTER 401(K) PROFIT SHARING RETIREMENT PLAN, MERRIFIELD GARDEN CENTER CORP.

MERRIFIELD GARDEN CENTER CORP.EIN 54-0936775Plan #001PY 2017

P.O. BOX 848 - MERRIFIELD, VA 22116703-560-6222merrifieldgardencenter.comLinkedIn501-1000 employeesconsumer goods

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$18.8M

+17.7% from 2015

Total participants

573

-6.8% from 2015

Average account balance

$35,150

+29.6% from 2015

Annual return

15.87%

+18.88 pp from 2015

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.65M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

154

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.

36.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$569K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$382

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 51 1701 SE COLUMBIA RIVER DR · VANCOUVER, WA 98661	Investment Mgmt Fees	$25,619
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES Service code 51 · EIN 59-1517485 GLEN ROBERTS · CONWAY, SC 29526	Investment Mgmt Fees	$24,893
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISOR Service code 28 104 CHURCH STREET SE · LEESBURG, VA 20175	Investment Management	$15,940
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,920
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$70K

$209 / participant

Investment mgmt$67K94.4%
Contract admin$4K5.6%

% of EOY assets

0.375%

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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,150

$48,064-26.9%

$78,778-55.4%

$69,631-49.5%

Participation rate

88.8%

61.6%+27.2pp

69.2%+19.6pp

70.7%+18.1pp

Annual return

15.87%

21.81%-5.9pp

35.62%-19.7pp

27571.02%-27555.2pp

Employer contribution / active EE

$744-100.0%

$1,986-100.0%

$2,032-100.0%

Participant deferral / active EE

$1,646

$2,079-20.8%

$2,958-44.4%

$3,224-48.9%

Admin fee / account holder

$132

$152-13.3%

$5,134-97.4%

$110+19.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 51

1701 SE COLUMBIA RIVER DR · VANCOUVER, WA 98661

Investment Mgmt Fees

$25,619

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES

Service code 51 · EIN 59-1517485

GLEN ROBERTS · CONWAY, SC 29526

Investment Mgmt Fees

$24,893

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISOR

Service code 28

104 CHURCH STREET SE · LEESBURG, VA 20175

Investment Management

$15,940

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,920

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

MERRIFIELD GARDEN CENTER 401(K) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERRIFIELD GARDEN CENTER 401(K) PROFIT SHARING 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