Retirement plan

CARMEL COUNTRY CLUB INC 401(K)PLAN

Name: CARMEL COUNTRY CLUB, INC. - CARMEL COUNTRY CLUB INC 401(K)PLAN (2022) 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 2022

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)

$7.5M

-25.3% from 2021

Total participants

187

+9.4% from 2021

Average account balance

$41,220

-34.7% from 2021

Annual return

-18.18%

-31.25 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-0140105 2300 S COLUMBIA ROAD · GRAND FORKS, ND 58201	Recordkeeping	$20,164

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

$20K

$151 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.269%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,220

$26,549+55.3%

$61,501-33.0%

$66,949-38.4%

Participation rate

96.3%

38.1%+58.2pp

52.6%+43.7pp

69.8%+26.4pp

Annual return

-18.18%

-16.21%-2.0pp

339.04%-357.2pp

1.57%-19.7pp

Employer contribution / active EE

$1,751

$651+168.8%

$1,160+51.0%

$2,545-31.2%

Participant deferral / active EE

$3,814

$1,338+185.0%

$2,125+79.5%

$4,239-10.0%

Admin fee / account holder

$111

$409-72.9%

$2,132-94.8%

$594-81.3%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Filed as: ALERUS RETIREMENT SOLUTIONS

Service code 15 · EIN 45-0140105

2300 S COLUMBIA ROAD · GRAND FORKS, ND 58201

Recordkeeping

$20,164

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