Retirement plan

WEIGEL STORES, INC. PROFIT SHARING 401(K) PLAN

Name: WEIGEL STORES, INC. - WEIGEL STORES, INC. PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: WEIGEL STORES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEIGEL STORES, INC. PROFIT SHARING 401(K) PLAN, WEIGEL STORES, INC.

WEIGEL STORES, INC.EIN 62-1588714Plan #001PY 2016

P.O. BOX 650 - POWELL, TN 37849865-938-2042

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$4.9M

No prior year

Total participants

586

No prior year

Average account balance

$8,566

No prior year

Annual return

4.06%

No prior year

Benchmarks

See 233 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort233 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.65M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

817

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.

25.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$954K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$414

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

+9.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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 4 by compensation

Provider	Service type	Compensation
FIRST TENNESSEE BANK1+ years Filed as: FIRST TENNESSEE BANK, N.A. Service code 21 · EIN 62-1382556	Bank Trustee	$27,677
ACUFF & ASSOCIATES, INC.1+ years Service code 15 · EIN 62-1477251	Recordkeeping	$13,505
WEAVER C. BARKSDALE & ASSOCIATES1+ years Filed as: MARTIN & COMPANY Service code 28 · EIN 62-1720350	Investment Management	$12,843
PUGH & COMPANY, PC1+ years Filed as: PUGH & COMPANY Service code 10 · EIN 62-1142155	Accounting	$12,300

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$66K

$217 / participant

Investment mgmt$13K19.4%
Contract admin$26K38.9%
Other / not subdivided$28K41.7%

% of EOY assets

1.347%

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: PUGH & COMPANY
Auditor EIN: 621142155
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,566

$46,761-81.7%

$106,619-92.0%

$57,658-85.1%

Participation rate

96.4%

56.9%+39.5pp

78.0%+18.4pp

70.2%+26.2pp

Annual return

4.06%

15.77%-11.7pp

9.42%-5.4pp

5.13%-1.1pp

Employer contribution / active EE

$490

$1,274-61.5%

$3,947-87.6%

$1,974-75.2%

Participant deferral / active EE

$307

$1,954-84.3%

$3,930-92.2%

$3,061-90.0%

Admin fee / account holder

$115

$97+19.2%

$6,418-98.2%

$95+22.0%

Provider

Service type

Compensation

FIRST TENNESSEE BANK1+ years

Filed as: FIRST TENNESSEE BANK, N.A.

Service code 21 · EIN 62-1382556

Bank Trustee

$27,677

ACUFF & ASSOCIATES, INC.1+ years

Service code 15 · EIN 62-1477251

Recordkeeping

$13,505

WEAVER C. BARKSDALE & ASSOCIATES1+ years

Filed as: MARTIN & COMPANY

Service code 28 · EIN 62-1720350

Investment Management

$12,843

PUGH & COMPANY, PC1+ years

Filed as: PUGH & COMPANY

Service code 10 · EIN 62-1142155

Accounting

$12,300

WEIGEL STORES, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEIGEL STORES, INC. PROFIT SHARING 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