Retirement plan

CLASSIC HOME 401(K) PLAN

Name: CLASSIC CONCEPTS, INC. - CLASSIC HOME 401(K) PLAN (2024) Form 5500
Creator: CLASSIC CONCEPTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLASSIC HOME 401(K) PLAN, CLASSIC CONCEPTS, INC.

CLASSIC CONCEPTS, INC.EIN 85-0384815Plan #003PY 2024

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

Other plans on this EIN

1 filing

#002Retirement-$5.9M assets

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$6M

+8.2% from 2023

Total participants

230

-12.2% from 2023

Average account balance

$39,770

+8.9% from 2023

Annual return

12.74%

-5.17 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.01M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

151

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.

60.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$908K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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 5 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HWY, SUITE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$33,221
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$26,595
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,325
TRUOG-RYDING COMPANY, INC.5 years Filed as: TROUG-RYDING COMPANY, INC. Service code 13 2659 TOWNSGATE RD, STE 101 · WESTLAKE VILLAGE, CA 91631	Contract Administrator	$2,430
CAMBRIDGE INVESTMENT RESEARCH6+ years Filed as: CAMBRIDGE INVESTMENT GROUP Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	-$16,735

Plan features & details

Pension benefit codes2E2F2K2T3D2G2J

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$237 / participant

Investment mgmt$48K100.0%

% of EOY assets

0.793%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,770

$59,448-33.1%

$93,696-57.6%

$74,459-46.6%

Participation rate

60.7%

59.6%+1.1pp

68.7%-8.0pp

67.2%-6.5pp

Annual return

12.74%

82.11%-69.4pp

133.74%-121.0pp

1369.70%-1357.0pp

Employer contribution / active EE

$1,278

$1,266+0.9%

$2,422-47.2%

$2,626-51.3%

Participant deferral / active EE

$3,242

$3,052+6.2%

$4,417-26.6%

$4,350-25.5%

Admin fee / account holder

$315

$3,027-89.6%

$8,287-96.2%

$1,945-83.8%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HWY, SUITE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$33,221

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$26,595

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,325

TRUOG-RYDING COMPANY, INC.5 years

Filed as: TROUG-RYDING COMPANY, INC.

Service code 13

2659 TOWNSGATE RD, STE 101 · WESTLAKE VILLAGE, CA 91631

Contract Administrator

$2,430

CAMBRIDGE INVESTMENT RESEARCH6+ years

Filed as: CAMBRIDGE INVESTMENT GROUP

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

-$16,735

CLASSIC HOME 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLASSIC HOME 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