Retirement plan

CARPET CONNECTION 401K PLAN

Name: RANOBI CORP. DBA CARPET CONNECTION - CARPET CONNECTION 401K PLAN (2020) Form 5500
Creator: RANOBI CORP. DBA CARPET CONNECTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARPET CONNECTION 401K PLAN, RANOBI CORP. DBA CARPET CONNECTION

RANOBI CORP. DBA CARPET CONNECTIONEIN 59-2955841Plan #001PY 2020

2350 JENKS AVENUE - PANAMA CITY, FL 32405850-763-1700

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+24.7% from 2019

Total participants

+21.4% from 2019

Average account balance

$83,379

-6.5% from 2019

Annual return

13.96%

-4.34 pp from 2019

Benchmarks

See 18,875 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,875 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.82M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

126.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,379

$112,915-26.2%

$90,965-8.3%

$158,950-47.5%

Participation rate

93.3%

74.7%+18.6pp

69.0%+24.3pp

82.0%+11.4pp

Annual return

13.96%

215.75%-201.8pp

134.57%-120.6pp

302.91%-288.9pp

Employer contribution / active EE

$2,398

$2,894-17.1%

$2,122+13.0%

$4,762-49.6%

Participant deferral / active EE

$5,272

$4,128+27.7%

$3,373+56.3%

$5,983-11.9%

Admin fee / account holder

$8,044-100.0%

$5,960-100.0%

$11,248-100.0%

CARPET CONNECTION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CARPET CONNECTION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion