Retirement plan

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP

Name: THE HOBBY LOBBY STORES, INC. - SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP (2016) Form 5500
Creator: THE HOBBY LOBBY STORES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP, THE HOBBY LOBBY STORES, INC.

THE HOBBY LOBBY STORES, INC.EIN 73-1032203Plan #001PY 2016

7707 SW 44TH STREET - OKLAHOMA CITY, OK 731797804405-745-1191hobbylobby.comLinkedIn10001+ employeesretail

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$199.5M

-12.7% from 2016

Total participants

19,367

-3.3% from 2016

Average account balance

$30,427

-14.7% from 2016

Annual return

7.73%

-5.71 pp from 2016

Benchmarks

See 48 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort48 peers

Snapshot2016

Participant deferral / active EE

$853

median $865

Employer contribution / active EE

$503

median $445

Participation rate

32.1%

median 33.6%

Avg account balance

$30,427

median $30,250

Admin fee / account holder

$88

median $46

Annual return

7.73%

median 7.68%

Overall peer rank

45of 100

45th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$563.78M

Average account balance

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

$42K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

13,361

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

35.0%

Contributions (total)

Employer and participant dollars contributed each year

$63.98M

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.79%

Admin fee / account holder

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

$29

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ALLEN, GIBBS & HOULIK, L.C.2+ years Filed as: ALLEN, GIBBS, & HOULIK, L.C. Service code 15 301 N MAIN, SUITE 1700 · WICHITA, KS 67202	Recordkeeping	$476,416
ALLEN, GIBBS & HOULIK, L.C.2+ years Filed as: ALLEN STAPLES Service code 16 9300 N MAY AVE. · OKLAHOMA CITY, OK 73120	Consulting	$81,000
MID ATLANTIC CAPITAL CORPORATION2+ years Filed as: MID ATLANTIC CAPITAL CORP Service code 19 1251 WATERFRONT PLACE · PITTSBURGH, PA 15222	Securities Custodian	$22,764

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$580K

$31 / participant

Investment mgmt$81K14.0%
Other / not subdivided$499K86.0%

% of EOY assets

0.291%

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: HOGAN TAYLOR, LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,427

$38,032-20.0%

$87,502-65.2%

$329,111-90.8%

Participation rate

32.1%

43.3%-11.2pp

73.8%-41.7pp

67.9%-35.8pp

Annual return

7.73%

7.09%+0.6pp

12.21%-4.5pp

16.35%-8.6pp

Employer contribution / active EE

$503

$677-25.6%

$2,550-80.3%

$2,303-78.2%

Participant deferral / active EE

$853

$1,260-32.3%

$3,149-72.9%

$3,682-76.8%

Admin fee / account holder

$88

$50+77.9%

$4,221-97.9%

$754-88.3%

Provider

Service type

Compensation

ALLEN, GIBBS & HOULIK, L.C.2+ years

Filed as: ALLEN, GIBBS, & HOULIK, L.C.

Service code 15

301 N MAIN, SUITE 1700 · WICHITA, KS 67202

Recordkeeping

$476,416

ALLEN, GIBBS & HOULIK, L.C.2+ years

Filed as: ALLEN STAPLES

Service code 16

9300 N MAY AVE. · OKLAHOMA CITY, OK 73120

Consulting

$81,000

MID ATLANTIC CAPITAL CORPORATION2+ years

Filed as: MID ATLANTIC CAPITAL CORP

Service code 19

1251 WATERFRONT PLACE · PITTSBURGH, PA 15222

Securities Custodian

$22,764

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF THE HOBBY LOBBY GROUP

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