Retirement plan

CLASSIC LEATHER, INC. EMPLOYEES' 401(K) PROFIT SHARING RETIREMENT PLAN

Name: CLASSIC LEATHER, INC. - CLASSIC LEATHER, INC. EMPLOYEES' 401(K) PROFIT SHARING RETIREMENT PLAN (2016) Form 5500
Creator: CLASSIC LEATHER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLASSIC LEATHER, INC. EMPLOYEES' 401(K) PROFIT SHARING RETIREMENT PLAN, CLASSIC LEATHER, INC.

CLASSIC LEATHER, INC.EIN 56-0856731Plan #001PY 2016

PO BOX 2404 - HICKORY, NC 28603828-328-2046classic-leather.comLinkedIn51-200 employeesfurniture

Other plans on this EIN

1 filing

#002Retirement-$32K assets

Prospect flagsHigh feesHigh cashLow participant contribution

How to read this page

Total assets (EOY)

$10.3M

+10.2% from 2015

Total participants

117

+2.6% from 2015

Average account balance

$100,194

+7.0% from 2015

Annual return

10.88%

+11.73 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$802K

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

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.

400.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$77K

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

+8.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53704

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

0 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
BOWEN HANES & COMPANY INC.1 year Filed as: BOWEN, HANES & CO Service code 28 · EIN 58-1396553 3290 NORTHSIDE PKWY, STE 880 · ATLANTA, GA 30327	Investment Management	$37,792
NATIONAL RETIREMENT SERVICES, INC.1 year Filed as: NATIONAL RETIREMENT SERVIES, INC. Service code 13 · EIN 33-0962367 5832 BOLSA AVENUE SUITE 100 · HUNTINGTON BEACH, CA 92649	Contract Administrator	$10,452
QUANTITATIVE PROCESS, LLC2+ years Filed as: QUANTITATIVE PROCESS Service code 28 · EIN 46-1090088	Investment Management	$10,380
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 13 · EIN 11-3665754 200 DRYDEN ROAD · DRESHER, PA 19025	Contract Administrator	$8,621
BREAZEALE, KISER, HOYLE & LAWING PA2+ years Service code 10 · EIN 56-1842732 PO BOX 9148 · HICKORY, NC 28603	Accounting	$2,550

Plan features & details

Pension benefit codes2E2F2H2J2K2T

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).
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.
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.
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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$776 / participant

Investment mgmt$48K69.0%
Contract admin$19K27.3%
Other / not subdivided$3K3.7%

% of EOY assets

0.676%

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: BREAZEALE, KISER, HOYLE & LAWING PA
Auditor EIN: 561842732
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,194

$60,349+66.0%

$74,184+35.1%

$62,881+59.3%

Participation rate

84.4%

72.7%+11.7pp

76.6%+7.8pp

69.3%+15.1pp

Annual return

10.88%

21.38%-10.5pp

17.74%-6.9pp

20.14%-9.3pp

Employer contribution / active EE

$1,680-100.0%

$2,370-100.0%

$2,281-100.0%

Participant deferral / active EE

$1,176

$2,856-58.8%

$3,550-66.9%

$3,203-63.3%

Admin fee / account holder

$678

$4,261-84.1%

$5,586-87.9%

$4,296-84.2%

Provider

Service type

Compensation

BOWEN HANES & COMPANY INC.1 year

Filed as: BOWEN, HANES & CO

Service code 28 · EIN 58-1396553

3290 NORTHSIDE PKWY, STE 880 · ATLANTA, GA 30327

Investment Management

$37,792

NATIONAL RETIREMENT SERVICES, INC.1 year

Filed as: NATIONAL RETIREMENT SERVIES, INC.

Service code 13 · EIN 33-0962367

5832 BOLSA AVENUE SUITE 100 · HUNTINGTON BEACH, CA 92649

Contract Administrator

$10,452

QUANTITATIVE PROCESS, LLC2+ years

Filed as: QUANTITATIVE PROCESS

Service code 28 · EIN 46-1090088

Investment Management

$10,380

ASCENSUS LLC2+ years

Filed as: ASCENSUS

Service code 13 · EIN 11-3665754

200 DRYDEN ROAD · DRESHER, PA 19025

Contract Administrator

$8,621

BREAZEALE, KISER, HOYLE & LAWING PA2+ years

Service code 10 · EIN 56-1842732

PO BOX 9148 · HICKORY, NC 28603

Accounting

$2,550

CLASSIC LEATHER, INC. EMPLOYEES' 401(K) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLASSIC LEATHER, INC. EMPLOYEES' 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