Retirement plan

CLASSIC CONCEPTS, INC. 401(K) PLAN

Name: CLASSIC CONCEPTS, INC. - CLASSIC CONCEPTS, INC. 401(K) PLAN (2019) Form 5500
Creator: CLASSIC CONCEPTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLASSIC CONCEPTS, INC. 401(K) PLAN, CLASSIC CONCEPTS, INC.

CLASSIC CONCEPTS, INC.EIN 85-0384815Plan #002PY 2019

4505 BANDINI BOULEVARD - VERNON, CA 90058323-604-1443

Other plans on this EIN

1 filing

#003Retirement-$364K assets

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+15.2% from 2018

Total participants

186

+2.8% from 2018

Average account balance

$49,644

+13.8% from 2018

Annual return

1.70%

-8.46 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.90M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12575

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA RETIREMENT SERVICES Service code 15 · EIN 11-1805969 701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604	Recordkeeping	$2,620

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

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.
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 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).

Expense breakdown

Schedule H Part II

Admin total

$21K

$130 / participant

Contract admin$18K87.5%
Other / not subdivided$3K12.5%

% of EOY assets

0.516%

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: HKG,LLP
Auditor EIN: 954552788
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,644

$49,138+1.0%

$84,020-40.9%

$65,185-23.8%

Participation rate

35.8%

60.7%-24.9pp

69.0%-33.2pp

70.2%-34.4pp

Annual return

1.70%

23.00%-21.3pp

71.31%-69.6pp

29.38%-27.7pp

Employer contribution / active EE

$1,260

$914+37.9%

$1,984-36.5%

$2,177-42.1%

Participant deferral / active EE

$1,916

$2,397-20.1%

$3,239-40.8%

$3,514-45.5%

Admin fee / account holder

$256

$543-52.8%

$6,101-95.8%

$847-69.7%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 15 · EIN 11-1805969

701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604

Recordkeeping

$2,620

CLASSIC CONCEPTS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLASSIC CONCEPTS, INC. 401(K) 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