Retirement plan

STANDARD FURNITURE MANUFACTURING COMPANY, LLC 401(K) PLAN

Name: STANDARD FURNITURE MANUFACTURING COMPANY, LLC - STANDARD FURNITURE MANUFACTURING COMPANY, LLC 401(K) PLAN (2018) Form 5500
Creator: STANDARD FURNITURE MANUFACTURING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STANDARD FURNITURE MANUFACTURING COMPANY, LLC 401(K) PLAN, STANDARD FURNITURE MANUFACTURING COMPANY, LLC

STANDARD FURNITURE MANUFACTURING COMPANY, LLCEIN 63-0245645Plan #002PY 2018

801 SOUTH US HIGHWAY 31 - BAY MINETTE, AL 36507251-937-6741standard-furniture.comLinkedIn501-1000 employeesfurniture

Other plans on this EIN

1 filing

#003Retirement-$2.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.3M

-10.1% from 2017

Total participants

192

+5.5% from 2017

Average account balance

$51,077

-15.8% from 2017

Annual return

-2.84%

-14.34 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$23,860
CORPORATE FINANCIAL SERVICES, LLC1 year Filed as: CORPORATE FINANCIAL SERVICES Service code 15 · EIN 80-0138348 7050 FAIN PARK DRIVE, SUITE 12 · MONTGOMERY, AL 361240098	Recordkeeping	$16,873
CLS INVESTMENTS3 years Service code 49 · EIN 13-4109249 17605 WRIGHT STREET · OMAHA, NE 68130	Other Services	$9,203
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON-CO-FID-TRADITIONAL Service code 49 · EIN 26-2409128 630 DUNDEE RD, STE 200 · NORTHBROOK, IL 60062	Other Services	$6,077
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 49 · EIN 31-4156830 10 W. NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Other Services	$1,519

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

1 tripped

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

$51K

$285 / participant

Investment mgmt$51K100.0%

% of EOY assets

0.708%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,077

$59,191-13.7%

$76,767-33.5%

$56,289-9.3%

Participation rate

72.2%

75.2%-3.0pp

77.0%-4.7pp

69.9%+2.4pp

Annual return

-2.84%

6.62%-9.5pp

2.43%-5.3pp

-9.96%+7.1pp

Employer contribution / active EE

$1,536

$1,759-12.7%

$2,485-38.2%

$2,111-27.2%

Participant deferral / active EE

$2,156

$3,255-33.8%

$3,852-44.0%

$3,350-35.6%

Admin fee / account holder

$362

$489-26.0%

$6,675-94.6%

$521-30.5%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$23,860

CORPORATE FINANCIAL SERVICES, LLC1 year

Filed as: CORPORATE FINANCIAL SERVICES

Service code 15 · EIN 80-0138348

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

Recordkeeping

$16,873

CLS INVESTMENTS3 years

Service code 49 · EIN 13-4109249

17605 WRIGHT STREET · OMAHA, NE 68130

Other Services

$9,203

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON-CO-FID-TRADITIONAL

Service code 49 · EIN 26-2409128

630 DUNDEE RD, STE 200 · NORTHBROOK, IL 60062

Other Services

$6,077

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 49 · EIN 31-4156830

10 W. NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215

Other Services

$1,519

STANDARD FURNITURE MANUFACTURING COMPANY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STANDARD FURNITURE MANUFACTURING COMPANY, LLC 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