Retirement plan

BERNHARDT FURNITURE COMPANY RETIREMENT PLAN

Name: BERNHARDT FURNITURE COMPANY - BERNHARDT FURNITURE COMPANY RETIREMENT PLAN (2022) Form 5500
Creator: BERNHARDT FURNITURE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERNHARDT FURNITURE COMPANY RETIREMENT PLAN, BERNHARDT FURNITURE COMPANY

BERNHARDT FURNITURE COMPANYEIN 56-0671544Plan #003PY 2022

1839 MORGANTON BOULEVARD - LENOIR, NC 286450740828-759-6310bernhardt.comLinkedIn1001-5000 employeesfurniture

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed May 5, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$45.9M

-21.1% from 2021

Total participants

1,425

+1.9% from 2021

Average account balance

$35,464

-24.2% from 2021

Annual return

-17.11%

-30.89 pp from 2021

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.71M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

1,194

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$35,621
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPTRUST ADVISORS LLC Service code 28 · EIN 45-0479693	Investment Management	$27,718
CAPFINANCIAL PARTNERS LLC2 years Service code 28 · EIN 26-0058143	Investment Management	$22,415
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$86K

$72 / participant

Investment mgmt$50K58.5%
Other / not subdivided$36K41.5%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVIDSON, HOLLAND, WHITESELL & CO.
Auditor EIN: 560671544
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,464

$130,052-72.7%

$86,698-59.1%

$77,906-54.5%

Participation rate

88.9%

85.9%+3.0pp

76.6%+12.3pp

73.7%+15.2pp

Annual return

-17.11%

-12.73%-4.4pp

35.96%-53.1pp

12.16%-29.3pp

Employer contribution / active EE

$549

$3,214-82.9%

$2,837-80.6%

$2,846-80.7%

Participant deferral / active EE

$3,189

$5,741-44.4%

$4,656-31.5%

$4,805-33.6%

Admin fee / account holder

$66

$132-49.7%

$7,492-99.1%

$133-50.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$35,621

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPTRUST ADVISORS LLC

Service code 28 · EIN 45-0479693

Investment Management

$27,718

CAPFINANCIAL PARTNERS LLC2 years

Service code 28 · EIN 26-0058143

Investment Management

$22,415

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

BERNHARDT FURNITURE COMPANY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERNHARDT FURNITURE COMPANY RETIREMENT PLAN

Top hat statement on fileNQDC

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