Retirement plan

FLOW COMPANIES, INC. 401(K) RETIREMENT PLAN

Name: FLOW COMPANIES, INC. - FLOW COMPANIES, INC. 401(K) RETIREMENT PLAN (2015) Form 5500
Creator: FLOW COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLOW COMPANIES, INC. 401(K) RETIREMENT PLAN, FLOW COMPANIES, INC.

FLOW COMPANIES, INC.EIN 56-2121218Plan #001PY 2015

1425 PLAZA DRIVE - WINSTON SALEM, NC 27103336-760-7030LinkedIn1001-5000 employeesretail

Prospect flagsHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$18.8M

No prior year

Total participants

1,032

No prior year

Average account balance

$51,707

No prior year

Annual return

0.03%

No prior year

Benchmarks

See 1,098 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,098 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.11M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

769

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.

26.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$112

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 4 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.1+ years Filed as: BBANDT Service code 21 · EIN 56-1368984	Bank Trustee	$41,187
SHDR IA1+ years Filed as: SHDR - IA Service code 27 · EIN 57-0956597	Advisory (Plan)	$28,811
PRONVEST1+ years Service code 51 · EIN 62-1823351	Investment Mgmt Fees	$25,485
SUNTRUST BANKS, INC.1+ years Filed as: BRANCH BANKING AND TRUST Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$95K

$96 / participant

Contract admin$54K56.9%
Other / not subdivided$41K43.1%

% of EOY assets

0.509%

all-in expense ratio

Categories reported

1 / 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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,707

$33,745+53.2%

$64,105-19.3%

$55,191-6.3%

Participation rate

32.6%

59.4%-26.7pp

68.2%-35.5pp

69.2%-36.5pp

Annual return

0.03%

4.95%-4.9pp

791.24%-791.2pp

10.78%-10.7pp

Employer contribution / active EE

$284

$641-55.6%

$1,820-84.4%

$1,899-85.0%

Participant deferral / active EE

$1,284

$1,929-33.4%

$2,822-54.5%

$3,046-57.8%

Admin fee / account holder

$263

$94+178.8%

$4,499-94.2%

$91+189.8%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.1+ years

Filed as: BBANDT

Service code 21 · EIN 56-1368984

Bank Trustee

$41,187

SHDR IA1+ years

Filed as: SHDR - IA

Service code 27 · EIN 57-0956597

Advisory (Plan)

$28,811

PRONVEST1+ years

Service code 51 · EIN 62-1823351

Investment Mgmt Fees

$25,485

SUNTRUST BANKS, INC.1+ years

Filed as: BRANCH BANKING AND TRUST

Service code 52

Indirect Investment Fees

FLOW COMPANIES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLOW COMPANIES, INC. 401(K) 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