Retirement plan

SERTA SIMMONS BEDDING 401(K) RETIREMENT PLAN

Name: SERTA SIMMONS BEDDING, LLC - SERTA SIMMONS BEDDING 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: SERTA SIMMONS BEDDING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERTA SIMMONS BEDDING 401(K) RETIREMENT PLAN, SERTA SIMMONS BEDDING, LLC

SERTA SIMMONS BEDDING, LLCEIN 01-0931874Plan #001PY 2019

2451 INDUSTRY AVENUE - DORAVILLE, GA 30360770-206-2722sertasimmons.comLinkedIn1001-5000 employeesconsumer goods

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$278.3M

-10.9% from 2017

Total participants

4,943

+22.0% from 2017

Average account balance

$61,794

-19.8% from 2017

Annual return

18.83%

+144.19 pp from 2017

Benchmarks

See 822 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort822 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$275.52M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

3,797

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.10M

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH4+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$385,176
PORTFOLIO EVALUATIONS, INC.3 years Service code 70 15 INDEPENDENCE BLVD · WARREN, NJ 07059	Consulting Fees	$100,071
SEYFARTH SHAW LLP1 year Service code 11 · EIN 36-2152202	Actuarial	$58,562
WINDHAM BRANNON3 years Service code 10 · EIN 58-1763439	Accounting	$24,105

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$568K

$161 / participant

Other / not subdivided$568K100.0%

% of EOY assets

0.204%

all-in expense ratio

Categories reported

0 / 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: WINDHAM BRANNON, LLC
Auditor EIN: 581763439
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,794

$105,173-41.2%

$87,102-29.1%

$77,775-20.5%

Participation rate

87.5%

85.8%+1.8pp

76.9%+10.7pp

73.2%+14.3pp

Annual return

18.83%

24.52%-5.7pp

28.19%-9.4pp

32.58%-13.7pp

Employer contribution / active EE

$2,215

$2,890-23.4%

$2,521-12.2%

$2,504-11.5%

Participant deferral / active EE

$3,684

$5,048-27.0%

$4,048-9.0%

$3,966-7.1%

Admin fee / account holder

$126

$105+20.6%

$7,493-98.3%

$100+26.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH4+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$385,176

PORTFOLIO EVALUATIONS, INC.3 years

Service code 70

15 INDEPENDENCE BLVD · WARREN, NJ 07059

Consulting Fees

$100,071

SEYFARTH SHAW LLP1 year

Service code 11 · EIN 36-2152202

Actuarial

$58,562

WINDHAM BRANNON3 years

Service code 10 · EIN 58-1763439

Accounting

$24,105

SERTA SIMMONS BEDDING 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERTA SIMMONS BEDDING 401(K) RETIREMENT 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