Retirement plan

GEORGIA FLOORS DIRECT 401(K) PROFIT SHARING PLAN

Name: STRINGCO, INC. DBA GEORGIA FLOORS DIRECT - GEORGIA FLOORS DIRECT 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: STRINGCO, INC. DBA GEORGIA FLOORS DIRECT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEORGIA FLOORS DIRECT 401(K) PROFIT SHARING PLAN, STRINGCO, INC. DBA GEORGIA FLOORS DIRECT

STRINGCO, INC. DBA GEORGIA FLOORS DIRECTEIN 59-3200328Plan #001PY 2022

4941 SOUTHWEST 91ST TERRACE, SUITE 101 - GAINESVILLE, FL 32608352-371-2254LinkedIn11-50 employeesretail

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$7.7M

-10.8% from 2021

Total participants

-5.9% from 2021

Average account balance

$275,965

-7.6% from 2021

Annual return

-13.12%

-24.61 pp from 2021

Benchmarks

See 9,444 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,444 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.47M

Not enough data

1 years with asset history on file

Average account balance

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

$388K

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$371K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+8.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1102

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 codes2E2F2J2T3D

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).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$143K

$5716 / participant

Other / not subdivided$143K100.0%

% of EOY assets

1.849%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$275,965

$59,819+361.3%

$79,583+246.8%

$68,490+302.9%

Participation rate

84.0%

61.1%+22.9pp

69.5%+14.5pp

67.9%+16.1pp

Annual return

-13.12%

-12.30%-0.8pp

0.16%-13.3pp

-7.85%-5.3pp

Employer contribution / active EE

$5,076

$1,505+237.2%

$2,414+110.3%

$2,597+95.5%

Participant deferral / active EE

$8,833

$3,025+192.0%

$3,986+121.6%

$4,028+119.3%

Admin fee / account holder

$5,104

$4,835+5.5%

$6,835-25.3%

$5,403-5.5%

GEORGIA FLOORS DIRECT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEORGIA FLOORS DIRECT 401(K) PROFIT SHARING 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