Retirement plan

COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC. 401(K) PROFIT SHARING PLAN

Name: COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC. - COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC. 401(K) PROFIT SHARING PLAN, COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC.

COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC.EIN 64-0791345Plan #001PY 2022

1313 HARDING STREET - JACKSON, MS 39202601-948-5600cowboymaloneys.comLinkedIn51-200 employeesbusiness supplies and equipment

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.4M

-11.4% from 2021

Total participants

118

-11.3% from 2021

Average account balance

$69,438

-6.6% from 2021

Annual return

-3.24%

-25.93 pp from 2021

Benchmarks

See 9,447 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,447 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.57M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$196K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8111

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$49,584
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATESS, INC, Service code 27	Advisory (Plan)	$15,106
MATTHEWS CUTRER & LINDSAY, P.A.1 year Filed as: MATTHEWS CUTRET & LINDSAY CPA Service code 10 · EIN 64-0897081	Accounting	$13,380
EPIC RETIREMENT PLAN SERVICES3 years Filed as: MORGAN WHITE GROUP RETIREMENT PLAN Service code 13 · EIN 72-1396518	Contract Administrator	$4,510
RAYMOND JAMES FINANCIAL SERVICES6 years Filed as: RAYMOND JAMES INSURANCE GROUP Service code 49 · EIN 59-1199408	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D2F3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$67K

$776 / participant

Contract admin$67K99.4%
Other / not subdivided$3750.6%

% of EOY assets

1.056%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MATTHEWS CUTRER & LINDSAY, P.A.
Auditor EIN: 640897081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,438

$59,834+16.1%

$79,576-12.7%

$68,495+1.4%

Participation rate

70.1%

61.1%+9.1pp

69.5%+0.6pp

67.9%+2.2pp

Annual return

-3.24%

-12.30%+9.1pp

0.15%-3.4pp

-7.84%+4.6pp

Employer contribution / active EE

$1,665

$1,505+10.7%

$2,413-31.0%

$2,596-35.9%

Participant deferral / active EE

$3,258

$3,024+7.7%

$3,985-18.2%

$4,028-19.1%

Admin fee / account holder

$733

$4,835-84.8%

$6,834-89.3%

$5,403-86.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$49,584

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATESS, INC,

Service code 27

Advisory (Plan)

$15,106

MATTHEWS CUTRER & LINDSAY, P.A.1 year

Filed as: MATTHEWS CUTRET & LINDSAY CPA

Service code 10 · EIN 64-0897081

Accounting

$13,380

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: MORGAN WHITE GROUP RETIREMENT PLAN

Service code 13 · EIN 72-1396518

Contract Administrator

$4,510

RAYMOND JAMES FINANCIAL SERVICES6 years

Filed as: RAYMOND JAMES INSURANCE GROUP

Service code 49 · EIN 59-1199408

Other Services

WILSHIRE ASSOCIATES INCORPORATED7+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COWBOY MALONEY APPLIANCE, AUDIO, VIDEO CENTER, INC. 401(K) 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