Retirement plan

TENNIS WAREHOUSE 401(K) PROFIT SHARING PLAN

Name: SPORTS WAREHOUSE, INC. - TENNIS WAREHOUSE 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SPORTS WAREHOUSE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TENNIS WAREHOUSE 401(K) PROFIT SHARING PLAN, SPORTS WAREHOUSE, INC.

SPORTS WAREHOUSE, INC.EIN 77-0473888Plan #002PY 2022

181 SUBURBAN ROAD - SAN LUIS OBISPO, CA 93401805-781-6464tennis-warehouse.comLinkedIn501-1000 employeesinternet

Prospect flagsLow returnsHigh feesLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$17.8M

-33.7% from 2021

Total participants

540

-26.7% from 2021

Average account balance

$33,639

-8.5% from 2021

Annual return

-30.45%

-48.41 pp from 2021

Benchmarks

See 278 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.84M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

633

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.02M

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

+17.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
TAYLOR FRIGON CAPITAL MANAGEMENT4 years Service code 27 · EIN 74-3200466 20715 NORTH PIMA RD., SUITE 108 · SCOTTSDALE, AZ 85255	Advisory (Plan)	$173,832

Plan features & details

Pension benefit codes2A2E2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$183K

$438 / participant

Other / not subdivided$183K100.0%

% of EOY assets

1.028%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBER AUDIT & ATTEST, LLP
Auditor EIN: 262350873
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,639

$42,901-21.6%

$91,227-63.1%

$64,824-48.1%

Participation rate

97.6%

68.1%+29.5pp

73.2%+24.4pp

71.5%+26.1pp

Annual return

-30.45%

-13.53%-16.9pp

114.14%-144.6pp

32.84%-63.3pp

Employer contribution / active EE

$3,255

$1,571+107.2%

$2,851+14.2%

$2,507+29.8%

Participant deferral / active EE

$659

$3,501-81.2%

$4,234-84.4%

$4,311-84.7%

Admin fee / account holder

$346

$131+163.8%

$5,423-93.6%

$188+84.1%

Provider

Service type

Compensation

TAYLOR FRIGON CAPITAL MANAGEMENT4 years

Service code 27 · EIN 74-3200466

20715 NORTH PIMA RD., SUITE 108 · SCOTTSDALE, AZ 85255

Advisory (Plan)

$173,832

TENNIS WAREHOUSE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TENNIS WAREHOUSE 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