Retirement plan

ARC THRIFT STORES 401(K) RETIREMENT PLAN

Name: ARC THRIFT STORES - ARC THRIFT STORES 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: ARC THRIFT STORES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARC THRIFT STORES 401(K) RETIREMENT PLAN, ARC THRIFT STORES

ARC THRIFT STORESEIN 84-0515942Plan #002PY 2018

12345 W ALAMEDA PKWY, STE 111 - LAKEWOOD, CO 802282827303-231-9222arcthrift.comLinkedIn1001-5000 employeesretail

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.8M

+10.8% from 2017

Total participants

1,084

+4.3% from 2017

Average account balance

$15,421

+14.2% from 2017

Annual return

5.05%

-4.39 pp from 2017

Benchmarks

See 249 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort249 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.06M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

701

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.

53.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+23.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 3 by compensation

Provider	Service type	Compensation
DIGITAL RETIREMENT SOLUTIONS, INC.2 years Service code 12 · EIN 84-1477138	Direct payment from the plan; Claims ...	$33,313
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC Service code 28 · EIN 84-1334165	Investment Management	$29,623
NEWPORT GROUP, INC.2 years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048	Direct payment from the plan; Shareho...	$6,782

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

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

$70K

$83 / participant

Investment mgmt$30K42.5%
Contract admin$33K47.8%
Other / not subdivided$7K9.7%

% of EOY assets

0.712%

all-in expense ratio

Categories reported

2 / 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: FISCAL FOCUS PARTNERS, LLC
Auditor EIN: 823499701
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,421

$37,591-59.0%

$90,657-83.0%

$55,725-72.3%

Participation rate

46.4%

66.4%-19.9pp

74.0%-27.6pp

70.9%-24.4pp

Annual return

5.05%

-3.20%+8.2pp

1.89%+3.2pp

244.93%-239.9pp

Employer contribution / active EE

$463

$1,302-64.5%

$2,532-81.7%

$2,078-77.7%

Participant deferral / active EE

$778

$2,643-70.6%

$3,424-77.3%

$3,356-76.8%

Admin fee / account holder

$110

$100+9.8%

$4,994-97.8%

$115-4.7%

Provider

Service type

Compensation

DIGITAL RETIREMENT SOLUTIONS, INC.2 years

Service code 12 · EIN 84-1477138

Direct payment from the plan; Claims ...

$33,313

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC

Service code 28 · EIN 84-1334165

Investment Management

$29,623

NEWPORT GROUP, INC.2 years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC.

Service code 18 · EIN 20-1591048

Direct payment from the plan; Shareho...

$6,782

ARC THRIFT STORES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARC THRIFT STORES 401(K) RETIREMENT 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