Retirement plan

ECCO USA, INC. 401K PLAN

Name: ECCO USA, INC. - ECCO USA, INC. 401K PLAN (2020) Form 5500
Creator: ECCO USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECCO USA, INC. 401K PLAN, ECCO USA, INC.

ECCO USA, INC.EIN 02-0485427Plan #001PY 2020

16 DELTA DR - LONDONDERRY, NH 03053603-537-7300us.shop.ecco.comLinkedIn201-500 employeesconsumer goods

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.7M

+7.1% from 2019

Total participants

687

-7.2% from 2019

Average account balance

$86,362

+11.1% from 2019

Annual return

18.99%

-6.85 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.38M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

269

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.

36.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$353

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,956
SUMMIT FINANCIAL CORPORATION6+ years Service code 13 · EIN 02-6405960 300 BALLARDVALE STREET · WILMINGTON, MA 01887	Contract Administrator	$21,823
COMMONWEALTH FINANCIAL NETWORK3 years Service code 33 29 SAWYER ROAD · WALTHAM, MA 024533483	Other fees; Securities brokerage	$20,902

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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

2 tripped

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

$61K

$97 / participant

Other / not subdivided$61K100.0%

% of EOY assets

0.220%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,362

$61,473+40.5%

$81,926+5.4%

$73,412+17.6%

Participation rate

41.5%

72.4%-30.9pp

72.0%-30.5pp

72.2%-30.6pp

Annual return

18.99%

28.26%-9.3pp

29.49%-10.5pp

59.30%-40.3pp

Employer contribution / active EE

$1,245

$1,898-34.4%

$4,310-71.1%

$2,234-44.3%

Participant deferral / active EE

$2,011

$3,080-34.7%

$7,108-71.7%

$3,806-47.2%

Admin fee / account holder

$190

$125+51.1%

$5,159-96.3%

$158+20.1%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,956

SUMMIT FINANCIAL CORPORATION6+ years

Service code 13 · EIN 02-6405960

300 BALLARDVALE STREET · WILMINGTON, MA 01887

Contract Administrator

$21,823

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 33

29 SAWYER ROAD · WALTHAM, MA 024533483

Other fees; Securities brokerage

$20,902

ECCO USA, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECCO USA, INC. 401K 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