Retirement plan

CELLULAR SALES OF KNOXVILLE, INC. 401(K) PLAN

Name: CELLULAR SALES OF KNOXVILLE, INC. - CELLULAR SALES OF KNOXVILLE, INC. 401(K) PLAN (2018) Form 5500
Creator: CELLULAR SALES OF KNOXVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CELLULAR SALES OF KNOXVILLE, INC. 401(K) PLAN, CELLULAR SALES OF KNOXVILLE, INC.

CELLULAR SALES OF KNOXVILLE, INC.EIN 62-1519339Plan #001PY 2018

9040 EXECUTIVE PARK DRIVE, 3RD FLOOR - KNOXVILLE, TN 37923865-584-7555cellularsalesofknoxville.comLinkedIn11-50 employees

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$21M

+11.0% from 2017

Total participants

3,063

+7.7% from 2017

Average account balance

$20,752

-2.7% from 2017

Annual return

-6.11%

-27.57 pp from 2017

Benchmarks

See 346 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort346 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$111.74M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

1,970

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.

35.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+19.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 880 CARILLON PKWY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$20,283
TENNESSEE PENSION ADMINISTRATORS4+ years Service code 13 117 CENTER PARK DR, SUITE 140 · KNOXVILLE, TN 37922	Contract Administrator	$8,450
AMERICAN FUNDS4+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 64 333 S. HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$4,225

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$11 / participant

Investment mgmt$24K74.3%
Contract admin$8K25.7%

% of EOY assets

0.157%

all-in expense ratio

Categories reported

2 / 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: COULTER & JUSTUS, PC
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,752

$33,780-38.6%

$74,552-72.2%

$75,289-72.4%

Participation rate

28.9%

62.7%-33.8pp

69.1%-40.3pp

72.4%-43.6pp

Annual return

-6.11%

-1.24%-4.9pp

32.53%-38.6pp

-0.04%-6.1pp

Employer contribution / active EE

$451

$845-46.6%

$1,961-77.0%

$2,405-81.3%

Participant deferral / active EE

$1,323

$1,890-30.0%

$3,108-57.4%

$3,739-64.6%

Admin fee / account holder

$32

$86-62.4%

$5,060-99.4%

$102-68.2%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3+ years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 27

880 CARILLON PKWY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$20,283

TENNESSEE PENSION ADMINISTRATORS4+ years

Service code 13

117 CENTER PARK DR, SUITE 140 · KNOXVILLE, TN 37922

Contract Administrator

$8,450

AMERICAN FUNDS4+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 64

333 S. HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$4,225

CELLULAR SALES OF KNOXVILLE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CELLULAR SALES OF KNOXVILLE, INC. 401(K) 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