Retirement plan

SAVE MART COMPANIES RETIREMENT SAVINGS PLAN

Name: SAVE MART COMPANIES - SAVE MART COMPANIES RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: SAVE MART COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVE MART COMPANIES RETIREMENT SAVINGS PLAN, SAVE MART COMPANIES

SAVE MART COMPANIESEIN 94-1245496Plan #003PY 2020

1800 STANDIFORD AVENUE - MODESTO, CA 95350209-548-6541thesavemartcompanies.comLinkedIn10001+ employeesretail

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$1022.6M

-7.3% from 2016

Total participants

8,148

-0.2% from 2016

Average account balance

$127,671

-6.3% from 2016

Annual return

11.85%

+29.60 pp from 2016

Benchmarks

See 63 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort63 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$992.96M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

6,853

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.

39.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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 2 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.6+ years Service code 15 · EIN 23-1945930	Recordkeeping	$1,239,355
CAMPBELL TAYLOR WASHBURN1 year Service code 10 · EIN 68-0251243	Accounting	$16,500

Plan features & details

Pension benefit codes2E2F2H2J2K2S2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

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

$1.2M

$196 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.122%

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: CAMPBELL TAYLOR WASHBURN
Auditor EIN: 680251243
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,671

$40,984+211.5%

$90,974+40.3%

$93,223+37.0%

Participation rate

97.8%

59.7%+38.1pp

69.0%+28.8pp

74.9%+22.9pp

Annual return

11.85%

17.56%-5.7pp

134.60%-122.8pp

19.29%-7.4pp

Employer contribution / active EE

$983

$840+17.1%

$2,122-53.7%

$2,680-63.3%

Participant deferral / active EE

$4,712

$1,856+153.9%

$3,373+39.7%

$4,563+3.3%

Admin fee / account holder

$155

$75+106.8%

$5,961-97.4%

$79+96.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$1,239,355

CAMPBELL TAYLOR WASHBURN1 year

Service code 10 · EIN 68-0251243

Accounting

$16,500

SAVE MART COMPANIES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVE MART COMPANIES RETIREMENT 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