Retirement plan

TILLMAN FURNITURE COMPANY, INC PROFIT SHARING PLAN

Name: TILLMAN FURNITURE COMPANY, INC. - TILLMAN FURNITURE COMPANY, INC PROFIT SHARING PLAN (2024) Form 5500
Creator: TILLMAN FURNITURE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TILLMAN FURNITURE COMPANY, INC PROFIT SHARING PLAN, TILLMAN FURNITURE COMPANY, INC.

TILLMAN FURNITURE COMPANY, INC.EIN 64-0565907Plan #001PY 2024

28081 HIGHYWAY 28 - HAZELHURST, MS 39083601-894-2741tillmanfurniture.netLinkedIn1-10 employeesfurniture

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$957K

+3.3% from 2023

Total participants

-3.6% from 2023

Average account balance

$18,759

+5.3% from 2023

Annual return

9.41%

+2.00 pp from 2023

Benchmarks

See 22,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,272 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$957K

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

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.

221.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3184

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G3D3H

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.
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

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

$162K

$7059 / participant

Other / not subdivided$162K100.0%

% of EOY assets

16.971%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,759

$111,878-83.2%

$93,727-80.0%

$145,897-87.1%

Participation rate

91.3%

74.2%+17.1pp

68.7%+22.6pp

80.3%+11.0pp

Annual return

9.41%

204.28%-194.9pp

133.83%-124.4pp

552.29%-542.9pp

Employer contribution / active EE

$4,328

$3,092+40.0%

$2,421+78.8%

$4,663-7.2%

Participant deferral / active EE

$4,920-100.0%

$4,417-100.0%

$6,689-100.0%

Admin fee / account holder

$3,184

$10,256-69.0%

$8,292-61.6%

$13,390-76.2%

TILLMAN FURNITURE COMPANY, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TILLMAN FURNITURE COMPANY, INC 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