Retirement plan

SHARP CARPET & CERAMIC TILE, INC. 401K PROFIT SHARING PLAN

Name: SHARP CARPET & CERAMIC TILE, INC. - SHARP CARPET & CERAMIC TILE, INC. 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: SHARP CARPET & CERAMIC TILE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHARP CARPET & CERAMIC TILE, INC. 401K PROFIT SHARING PLAN, SHARP CARPET & CERAMIC TILE, INC.

SHARP CARPET & CERAMIC TILE, INC.EIN 59-3204196Plan #001PY 2020

2617 HIGHWAY 77 - PANAMA CITY, FL 32405850-769-8505sharpcarpet.netLinkedIn1-10 employees

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$779K

+9.3% from 2019

Total participants

-9.1% from 2019

Average account balance

$155,811

+31.2% from 2019

Annual return

19.34%

-5.59 pp from 2019

Benchmarks

See 18,871 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,871 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$381K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21K

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

+7.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63883

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 codes2G2J3D

Plan features

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$91K

$10093 / participant

Other / not subdivided$91K100.0%

% of EOY assets

11.660%

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

$155,811

$112,935+38.0%

$90,970+71.3%

$158,966-2.0%

Participation rate

44.4%

74.7%-30.3pp

69.0%-24.6pp

82.0%-37.5pp

Annual return

19.34%

215.79%-196.4pp

134.58%-115.2pp

302.95%-283.6pp

Employer contribution / active EE

$667

$2,895-77.0%

$2,122-68.6%

$4,762-86.0%

Participant deferral / active EE

$1,494

$4,129-63.8%

$3,373-55.7%

$5,983-75.0%

Admin fee / account holder

$18,168

$8,045+125.8%

$5,960+204.8%

$11,250+61.5%

SHARP CARPET & CERAMIC TILE, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHARP CARPET & CERAMIC TILE, INC. 401K 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