Retirement plan

ARMSTRONG GARDEN CENTERS, INC. 401(K) PLAN

Name: ARMSTRONG GARDEN CENTERS, INC. - ARMSTRONG GARDEN CENTERS, INC. 401(K) PLAN (2018) Form 5500
Creator: ARMSTRONG GARDEN CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARMSTRONG GARDEN CENTERS, INC. 401(K) PLAN, ARMSTRONG GARDEN CENTERS, INC.

ARMSTRONG GARDEN CENTERS, INC.EIN 95-3207663Plan #003PY 2018

2200 E. ROUTE 66, SUITE 200 - GLENDORA, CA 91740626-914-1091armstronggarden.comLinkedIn1001-5000 employeesretail

Other plans on this EIN

1 filing

#001Retirement-$31.0M assets

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.7M

+14.6% from 2017

Total participants

1,245

+53.5% from 2017

Average account balance

$28,286

-21.5% from 2017

Annual return

12.21%

-4.09 pp from 2017

Benchmarks

See 107 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort107 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.19M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

519

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.

26.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.97M

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

+11.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$527

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
FIDUCIARY INVESTMENT ADVISORS1 year Filed as: FIDUCIARY OUTSOURCING LLC Service code 14 · EIN 47-2079321	Plan Administrator	$22,500
BANCWEST INVESTMENT SERVICES INC1 year Filed as: BANCWEST INVSTMNT SRVCS INC Service code 27 · EIN 13-3618472	Advisory (Plan)	$20,865
EDBERG & PERRY INC1 year Service code 15 · EIN 86-0738258	Recordkeeping	$11,258
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS L Service code 15 · EIN 13-3689044	Recordkeeping	$2,645
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$768

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

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

$56K

$52 / participant

Investment mgmt$16K28.6%
Contract admin$25K44.4%
Other / not subdivided$15K27.0%

% of EOY assets

0.411%

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: AHLSTROM & BAKER CPAS
Auditor EIN: 330138137
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,286

$35,366-20.0%

$90,657-68.8%

$75,289-62.4%

Participation rate

30.5%

57.3%-26.8pp

74.0%-43.5pp

72.4%-41.9pp

Annual return

12.21%

-2.19%+14.4pp

1.89%+10.3pp

-0.04%+12.2pp

Employer contribution / active EE

$47

$916-94.8%

$2,532-98.1%

$2,405-98.0%

Participant deferral / active EE

$929

$1,998-53.5%

$3,424-72.9%

$3,739-75.2%

Admin fee / account holder

$116

$59+97.0%

$4,994-97.7%

$102+13.6%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS1 year

Filed as: FIDUCIARY OUTSOURCING LLC

Service code 14 · EIN 47-2079321

Plan Administrator

$22,500

BANCWEST INVESTMENT SERVICES INC1 year

Filed as: BANCWEST INVSTMNT SRVCS INC

Service code 27 · EIN 13-3618472

Advisory (Plan)

$20,865

EDBERG & PERRY INC1 year

Service code 15 · EIN 86-0738258

Recordkeeping

$11,258

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS L

Service code 15 · EIN 13-3689044

Recordkeeping

$2,645

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$768

ARMSTRONG GARDEN CENTERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARMSTRONG GARDEN CENTERS, 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