Retirement plan

TANDY LEATHER FACTORY, INC. 401(K) PLAN

Name: TANDY LEATHER FACTORY, INC. - TANDY LEATHER FACTORY, INC. 401(K) PLAN (2017) Form 5500
Creator: TANDY LEATHER FACTORY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TANDY LEATHER FACTORY, INC. 401(K) PLAN, TANDY LEATHER FACTORY, INC.

TANDY LEATHER FACTORY, INC.EIN 75-2543540Plan #002PY 2017

1900 SOUTHEAST LOOP 820 - FORT WORTH, TX 761401003817-872-3200tandyleather.comLinkedIn501-1000 employeesretail

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5M

+21.2% from 2016

Total participants

346

+5.2% from 2016

Average account balance

$28,175

+3.9% from 2016

Annual return

18.72%

+11.82 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.77M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

198

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.

31.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
BOKF, NA1 year Service code 21 P.O. BOX 880 · TULSA, OK 74101	Bank Trustee	$17,850
CLIFTONLARSONALLEN LLP2+ years Service code 10 · EIN 41-0746749	Accounting	$7,200
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$2,651
AUSDAL FINANCIAL PARTNERS INC2+ years Service code 49	Other Services	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$48K

$145 / participant

Contract admin$7K14.9%
Other / not subdivided$41K85.1%

% of EOY assets

0.973%

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: CLIFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,175

$53,925-47.8%

$75,501-62.7%

$69,631-59.5%

Participation rate

48.8%

71.2%-22.4pp

72.4%-23.6pp

70.7%-21.9pp

Annual return

18.72%

17.84%+0.9pp

27.35%-8.6pp

27571.02%-27552.3pp

Employer contribution / active EE

$899

$1,802-50.1%

$2,352-61.8%

$2,032-55.7%

Participant deferral / active EE

$1,458

$2,569-43.3%

$3,142-53.6%

$3,224-54.8%

Admin fee / account holder

$274

$97+182.3%

$5,801-95.3%

$110+148.2%

Provider

Service type

Compensation

BOKF, NA1 year

Service code 21

P.O. BOX 880 · TULSA, OK 74101

Bank Trustee

$17,850

CLIFTONLARSONALLEN LLP2+ years

Service code 10 · EIN 41-0746749

Accounting

$7,200

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,651

AUSDAL FINANCIAL PARTNERS INC2+ years

Service code 49

Other Services

TANDY LEATHER FACTORY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TANDY LEATHER FACTORY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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