Retirement plan

CRUTCHFIELD CORPORATION PROFIT SHARING PLAN

Name: CRUTCHFIELD CORPORATION - CRUTCHFIELD CORPORATION PROFIT SHARING PLAN (2022) Form 5500
Creator: CRUTCHFIELD CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRUTCHFIELD CORPORATION PROFIT SHARING PLAN, CRUTCHFIELD CORPORATION

CRUTCHFIELD CORPORATIONEIN 54-0960335Plan #001PY 2022

1 CRUTCHFIELD PARK - CHARLOTTESVILLE, VA 22911434-817-1000crutchfield.comLinkedIn501-1000 employeesconsumer electronics

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$60.5M

-13.6% from 2021

Total participants

826

-8.7% from 2021

Average account balance

$82,399

-1.6% from 2021

Annual return

-15.30%

-30.36 pp from 2021

Benchmarks

See 278 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$81.43M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

694

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.37M

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$1,150
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JONH HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$168

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$45K

$65 / participant

Other / not subdivided$45K100.0%

% of EOY assets

0.075%

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: THOMAS HANCHER & COMPANY
Auditor EIN: 541210632
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,399

$42,901+92.1%

$91,225-9.7%

$64,819+27.1%

Participation rate

86.9%

68.1%+18.7pp

73.2%+13.7pp

71.5%+15.4pp

Annual return

-15.30%

-13.53%-1.8pp

114.12%-129.4pp

32.84%-48.1pp

Employer contribution / active EE

$1,879

$1,571+19.6%

$2,851-34.1%

$2,507-25.1%

Participant deferral / active EE

$3,248

$3,501-7.2%

$4,233-23.3%

$4,311-24.6%

Admin fee / account holder

$62

$131-52.8%

$5,422-98.9%

$188-67.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$1,150

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JONH HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$168

CRUTCHFIELD CORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRUTCHFIELD CORPORATION 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