Retirement plan

CORPORATE BUSINESS INTERIORS, INC. 401(K) PROFIT SHARING PLAN

Name: CORPORATE BUSINESS INTERIORS, INC. - CORPORATE BUSINESS INTERIORS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CORPORATE BUSINESS INTERIORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORPORATE BUSINESS INTERIORS, INC. 401(K) PROFIT SHARING PLAN, CORPORATE BUSINESS INTERIORS, INC.

CORPORATE BUSINESS INTERIORS, INC.EIN 95-3553580Plan #001PY 2020

3501 JAMBOREE ROAD, SOUTH TOWER, SUITE 400 - NEWPORT BEACH, CA 92660949-225-3900cbfoc.comLinkedIn1-10 employeesfurniture

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+17.2% from 2019

Total participants

+20.0% from 2019

Average account balance

$43,881

+6.6% from 2019

Annual return

7.25%

-35.10 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.93M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

123.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$468K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4188

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42K

$1399 / participant

Other / not subdivided$42K100.0%

% of EOY assets

2.898%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,881

$65,034-32.5%

$90,970-51.8%

$79,856-45.1%

Participation rate

90.0%

61.6%+28.4pp

69.0%+21.0pp

69.6%+20.4pp

Annual return

7.25%

30.45%-23.2pp

134.60%-127.3pp

31.71%-24.5pp

Employer contribution / active EE

$541

$1,247-56.6%

$2,122-74.5%

$2,471-78.1%

Participant deferral / active EE

$4,500

$2,512+79.1%

$3,373+33.4%

$3,741+20.3%

Admin fee / account holder

$1,272

$4,536-72.0%

$5,961-78.7%

$5,306-76.0%

CORPORATE BUSINESS INTERIORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORPORATE BUSINESS INTERIORS, INC. 401(K) PROFIT SHARING 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