Retirement plan

BENNETTS CARPETS PROFIT SHARING PLAN

Name: BENNETTS CARPETS, INC. - BENNETTS CARPETS PROFIT SHARING PLAN (2018) Form 5500
Creator: BENNETTS CARPETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BENNETTS CARPETS PROFIT SHARING PLAN, BENNETTS CARPETS, INC.

BENNETTS CARPETS, INC.EIN 61-1082252Plan #001PY 2018

149 STEVE DRIVE - RUSSELL SPRINGS, KY 426424262270-866-6930

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.6M

-11.6% from 2017

Total participants

120

-0.8% from 2017

Average account balance

$52,015

-7.5% from 2017

Annual return

-6.17%

-27.27 pp from 2017

Benchmarks

See 2,219 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,219 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.29M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

100

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.

102.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$504K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7287

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

Top 3 by compensation

Provider	Service type	Compensation
BESTEN & DIERUF PLLC1 year Filed as: BESTEN & DIERUF, PLLLC Service code 10 · EIN 55-3048812 190 MARKET STREET · LEXINGTON, KY 40507	Accounting	$7,450
CARR, RIGGS & INGRAM, LLC1 year Service code 13 · EIN 72-1396621 2633 CENTENNIAL BLVD., SUITE 200 · TALLAHASSEE, FL 32308	Contract Administrator	$5,225
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$825

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$135 / participant

Contract admin$6K44.8%
Other / not subdivided$7K55.2%

% of EOY assets

0.240%

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: BESTEN & DIERUF, PLLC
Auditor EIN: 453048812
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,015

$42,548+22.3%

$74,549-30.2%

$56,287-7.6%

Participation rate

88.0%

60.5%+27.5pp

69.1%+18.9pp

69.9%+18.1pp

Annual return

-6.17%

12.40%-18.6pp

32.53%-38.7pp

-9.96%+3.8pp

Employer contribution / active EE

$1,780

$855+108.2%

$1,961-9.2%

$2,111-15.7%

Participant deferral / active EE

$2,025

$2,277-11.1%

$3,108-34.8%

$3,350-39.5%

Admin fee / account holder

$125

$467-73.2%

$5,059-97.5%

$521-76.0%

Provider

Service type

Compensation

BESTEN & DIERUF PLLC1 year

Filed as: BESTEN & DIERUF, PLLLC

Service code 10 · EIN 55-3048812

190 MARKET STREET · LEXINGTON, KY 40507

Accounting

$7,450

CARR, RIGGS & INGRAM, LLC1 year

Service code 13 · EIN 72-1396621

2633 CENTENNIAL BLVD., SUITE 200 · TALLAHASSEE, FL 32308

Contract Administrator

$5,225

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$825

BENNETTS CARPETS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BENNETTS CARPETS 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