Retirement plan

CARMEL COUNTRY CLUB INC 401(K)PLAN

Name: CARMEL COUNTRY CLUB, INC. - CARMEL COUNTRY CLUB INC 401(K)PLAN (2020) Form 5500
Creator: CARMEL COUNTRY CLUB, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARMEL COUNTRY CLUB INC 401(K)PLAN, CARMEL COUNTRY CLUB, INC.

CARMEL COUNTRY CLUB, INC.EIN 56-0507966Plan #002PY 2020

4735 CARMEL ROAD - CHARLOTTE, NC 28226704-945-3323carmelcountryclub.orgLinkedIn201-500 employeeshospitality

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed April 18, 2017 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

4735 Carmel Road

Charlotte State: NC Zip Code: 28226

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Plans declared (1)

Supplemental Retirement Plan2 emp

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Total assets (EOY)

$8.5M

+9.1% from 2019

Total participants

185

+2.2% from 2019

Average account balance

$50,739

+10.3% from 2019

Annual return

11.64%

-12.89 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.98M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

233

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$906K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
BB&T6+ years Filed as: BB & T Service code 19 · EIN 56-1368984	Securities Custodian	$34,150

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$234 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.401%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PBMARES LLP
Auditor EIN: 540737372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,739

$35,986+41.0%

$77,552-34.6%

$73,497-31.0%

Participation rate

88.4%

40.8%+47.5pp

54.2%+34.2pp

70.7%+17.7pp

Annual return

11.64%

19.26%-7.6pp

54.82%-43.2pp

28.51%-16.9pp

Employer contribution / active EE

$1,408

$557+152.5%

$987+42.7%

$2,270-38.0%

Participant deferral / active EE

$3,042

$1,198+154.0%

$1,861+63.5%

$3,740-18.7%

Admin fee / account holder

$203

$466-56.4%

$2,859-92.9%

$513-60.4%

Provider

Service type

Compensation

BB&T6+ years

Filed as: BB & T

Service code 19 · EIN 56-1368984

Securities Custodian

$34,150

CARMEL COUNTRY CLUB INC 401(K)PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARMEL COUNTRY CLUB INC 401(K)PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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