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 (2023) 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 2023

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

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5M

-21.3% from 2022

Total participants

107

-9.3% from 2022

Average account balance

$67,016

-3.5% from 2022

Annual return

5.44%

+8.68 pp from 2022

Benchmarks

See 9,480 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,480 peers

Snapshot2023

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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$40,409
MATTHEWS CUTRER & LINDSAY, P.A.2 years Filed as: MATTHEWS CUTRET & LINDSAY CPA Service code 10 · EIN 64-0897081	Accounting	$13,780
EDWARD JONES1 year Service code 27 · EIN 43-0345811	Advisory (Plan)	$12,472
EPIC RETIREMENT PLAN SERVICES4 years Filed as: MORGAN WHITE GROUP RETIREMENT PLAN Service code 13 · EIN 72-1396518	Contract Administrator	$7,205
EPIC RETIREMENT PLAN SERVICES1 year Filed as: MWG RETIREMENT PLAN SERVICES Service code 15 · EIN 72-1396518	Recordkeeping	$7,205
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED8+ 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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$55K

$626 / participant

Contract admin$55K100.0%

% of EOY assets

1.096%

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

$67,016

$65,555+2.2%

$86,216-22.3%

$75,173-10.9%

Participation rate

63.6%

60.5%+3.2pp

69.0%-5.3pp

67.2%-3.6pp

Annual return

5.44%

46.07%-40.6pp

1169.42%-1164.0pp

160.72%-155.3pp

Employer contribution / active EE

$580

$1,553-62.6%

$2,382-75.6%

$2,671-78.3%

Participant deferral / active EE

$2,737

$3,023-9.5%

$3,986-31.3%

$4,126-33.7%

Admin fee / account holder

$734

$5,469-86.6%

$6,853-89.3%

$5,651-87.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$40,409

MATTHEWS CUTRER & LINDSAY, P.A.2 years

Filed as: MATTHEWS CUTRET & LINDSAY CPA

Service code 10 · EIN 64-0897081

Accounting

$13,780

EDWARD JONES1 year

Service code 27 · EIN 43-0345811

Advisory (Plan)

$12,472

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: MORGAN WHITE GROUP RETIREMENT PLAN

Service code 13 · EIN 72-1396518

Contract Administrator

$7,205

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: MWG RETIREMENT PLAN SERVICES

Service code 15 · EIN 72-1396518

Recordkeeping

$7,205

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED8+ 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