Retirement plan

COPIERS NORTHWEST, INC. PROFIT SHARING & SAVINGS PLAN

Name: COPIERS NORTHWEST, INC. - COPIERS NORTHWEST, INC. PROFIT SHARING & SAVINGS PLAN (2024) Form 5500
Creator: COPIERS NORTHWEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COPIERS NORTHWEST, INC. PROFIT SHARING & SAVINGS PLAN, COPIERS NORTHWEST, INC.

COPIERS NORTHWEST, INC.EIN 91-1339376Plan #003PY 2024

615 S ALASKA ST - SEATTLE, WA 98108206-282-1200copiersnw.comLinkedIn201-500 employeesbusiness supplies and equipment

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.3M

+14.6% from 2023

Total participants

253

+2.4% from 2023

Average account balance

$73,879

+9.2% from 2023

Annual return

11.34%

-3.36 pp from 2023

Benchmarks

See 491 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort491 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.78M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

239

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.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$418

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$33,872
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES Service code 27 · EIN 59-2937883	Advisory (Plan)	$25,789
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ Service code 10 · EIN 86-3192990	Accounting	$8,662
CETERA ADVISOR NETWORKS LLC7 years Filed as: CETERA INVESTMENT ADVISORS LLC Service code 27 · EIN 36-3258176	Advisory (Plan)	$7,793
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,320

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$83K

$435 / participant

Recordkeeping$34K40.6%
Investment mgmt$33K39.1%
Other / not subdivided$17K20.3%

% of EOY assets

0.483%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $8,662
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,879

$58,926+25.4%

$97,226-24.0%

$74,495-0.8%

Participation rate

90.1%

63.5%+26.6pp

72.7%+17.4pp

67.2%+22.9pp

Annual return

11.34%

16.04%-4.7pp

75.13%-63.8pp

1364.94%-1353.6pp

Employer contribution / active EE

$2,325

$1,894+22.8%

$2,729-14.8%

$2,623-11.3%

Participant deferral / active EE

$6,189

$3,664+68.9%

$4,264+45.2%

$4,346+42.4%

Admin fee / account holder

$357

$1,974-81.9%

$5,654-93.7%

$1,942-81.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$33,872

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES

Service code 27 · EIN 59-2937883

Advisory (Plan)

$25,789

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ

Service code 10 · EIN 86-3192990

Accounting

$8,662

CETERA ADVISOR NETWORKS LLC7 years

Filed as: CETERA INVESTMENT ADVISORS LLC

Service code 27 · EIN 36-3258176

Advisory (Plan)

$7,793

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,320

COPIERS NORTHWEST, INC. PROFIT SHARING & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COPIERS NORTHWEST, INC. PROFIT SHARING & SAVINGS 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