Retirement plan

STANDARD FURNITURE MANUFACTURING COMPANY, INC. 401(K) PLAN

Name: STANDARD FURNITURE MANUFACTURING COMPANY, INC. - STANDARD FURNITURE MANUFACTURING COMPANY, INC. 401(K) PLAN (2015) Form 5500
Creator: STANDARD FURNITURE MANUFACTURING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STANDARD FURNITURE MANUFACTURING COMPANY, INC. 401(K) PLAN, STANDARD FURNITURE MANUFACTURING COMPANY, INC.

STANDARD FURNITURE MANUFACTURING COMPANY, INC.EIN 63-0245645Plan #002PY 2015

801 INDUSTRIAL BLVD. - BAY MINETTE, AL 36507251-937-6741standard-furniture.comLinkedIn501-1000 employeesfurniture

Other plans on this EIN

1 filing

#003Retirement-$1.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.1M

No prior year

Total participants

154

No prior year

Average account balance

$56,073

No prior year

Annual return

0.94%

No prior year

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.80M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

206

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.

24.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$672K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$312

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
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,710
CORPORATE FINANCIAL SERVICES, LLC1+ years Service code 26 7050 FAIN PARK DRIVE, SUITE 12 · MONTGOMERY, AL 361240098	Advisory (Participants)	$8,600
IRON-CO-FID-COMPREHENSIVE1+ years Filed as: IRON-CO-FID--TRADITIONAL Service code 49 630 DUNDEE RD. · NORTHBROOK, IL 60062	Other Services	$5,606

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

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

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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,073

$54,320+3.2%

$67,652-17.1%

$52,331+7.2%

Participation rate

73.3%

73.6%-0.3pp

75.7%-2.4pp

68.1%+5.2pp

Annual return

0.94%

6.81%-5.9pp

6625.40%-6624.5pp

4.54%-3.6pp

Employer contribution / active EE

$2,013

$1,544+30.4%

$2,266-11.1%

$1,882+7.0%

Participant deferral / active EE

$2,905

$2,950-1.5%

$3,560-18.4%

$3,022-3.9%

Admin fee / account holder

$527-100.0%

$4,821-100.0%

$592-100.0%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,710

CORPORATE FINANCIAL SERVICES, LLC1+ years

Service code 26

7050 FAIN PARK DRIVE, SUITE 12 · MONTGOMERY, AL 361240098

Advisory (Participants)

$8,600

IRON-CO-FID-COMPREHENSIVE1+ years

Filed as: IRON-CO-FID--TRADITIONAL

Service code 49

630 DUNDEE RD. · NORTHBROOK, IL 60062

Other Services

$5,606

STANDARD FURNITURE MANUFACTURING COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

STANDARD FURNITURE MANUFACTURING COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion