Retirement plan

FOGLE'S, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Name: FOGLE'S, INC. - FOGLE'S, INC. 401(K) SAVINGS AND RETIREMENT PLAN (2024) Form 5500
Creator: FOGLE'S, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOGLE'S, INC. 401(K) SAVINGS AND RETIREMENT PLAN, FOGLE'S, INC.

FOGLE'S, INC.EIN 57-0832371Plan #001PY 2024

5500 NEESES HIGHWAY - NEESES, SC 29107803-247-3015

Prospect flagsHigh feesLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$7.4M

+19.9% from 2023

Total participants

357

-10.1% from 2023

Average account balance

$41,846

+47.7% from 2023

Annual return

14.38%

+0.22 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.41M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

177

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.

46.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$698K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$367

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 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH I Service code 27 · EIN 47-1356737	Advisory (Plan)	$19,928
ASCENSUS LLC3 years Filed as: ASCENSUS HOLDING/DBA FUTURE PLAN Service code 13 101 W BORADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$16,365
MOSS ADAMS LLP6 years Filed as: MOSS & YANTIS Service code 10 272 W COLEMAN BLVD STE 100 · MT PLEASANT, SC 29465	Accounting	$13,075
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO, Service code 64 · EIN 04-1590850	Recordkeeping Fees	$4,940
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13	Contract Administrator	$3,201
ECONOMIC GROUP PENSION SERVICES1 year Filed as: ECONOMIC GROP PENSION SERVICES LLC Service code 13 PO BOX 54 · FRANKLIN SQUARE, NC 11010	Contract Administrator	$1,850

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$65K

$192 / participant

Contract admin$65K100.0%

% of EOY assets

0.877%

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: MOSS & YANTIS, CPA
Auditor EIN: 471356737
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,846

$54,245-22.9%

$93,727-55.4%

$77,762-46.2%

Participation rate

46.9%

63.9%-17.0pp

68.7%-21.8pp

70.6%-23.7pp

Annual return

14.38%

30.58%-16.2pp

133.83%-119.5pp

31.27%-16.9pp

Employer contribution / active EE

$912

$1,168-21.9%

$2,421-62.3%

$2,728-66.6%

Participant deferral / active EE

$1,148

$3,144-63.5%

$4,417-74.0%

$4,651-75.3%

Admin fee / account holder

$367

$575-36.2%

$8,292-95.6%

$433-15.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH I

Service code 27 · EIN 47-1356737

Advisory (Plan)

$19,928

ASCENSUS LLC3 years

Filed as: ASCENSUS HOLDING/DBA FUTURE PLAN

Service code 13

101 W BORADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$16,365

MOSS ADAMS LLP6 years

Filed as: MOSS & YANTIS

Service code 10

272 W COLEMAN BLVD STE 100 · MT PLEASANT, SC 29465

Accounting

$13,075

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO,

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$4,940

ASCENSUS LLC2 years

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

Contract Administrator

$3,201

ECONOMIC GROUP PENSION SERVICES1 year

Filed as: ECONOMIC GROP PENSION SERVICES LLC

Service code 13

PO BOX 54 · FRANKLIN SQUARE, NC 11010

Contract Administrator

$1,850

FOGLE'S, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOGLE'S, INC. 401(K) SAVINGS AND 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