Retirement plan

H.H. BROWN SHOE COMPANY, INC. UNION EMPLOYEES 401(K) SAVINGS PLAN

Name: H.H. BROWN SHOE COMPANY, INC. - H.H. BROWN SHOE COMPANY, INC. UNION EMPLOYEES 401(K) SAVINGS PLAN (2021) Form 5500
Creator: H.H. BROWN SHOE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H.H. BROWN SHOE COMPANY, INC. UNION EMPLOYEES 401(K) SAVINGS PLAN, H.H. BROWN SHOE COMPANY, INC.

H.H. BROWN SHOE COMPANY, INC.EIN 04-1127910Plan #002PY 2021

124 WEST PUTNAM AVENUE - GREENWICH, CT 06830203-661-2424

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.2M

-95.7% from 2020

Total participants

196

-59.8% from 2020

Average account balance

$35,214

-77.4% from 2020

Annual return

9.26%

-7.28 pp from 2020

Benchmarks

See 946 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort946 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.89M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

56.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3159

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

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$19,555
MARCUM LLP7+ years Service code 50 · EIN 11-1986323	Direct Payment	$3,500
WITHUMSMITH+BROWN, PC1 year Filed as: H.H. BROWN SHOE CO Service code 10 · EIN 04-1127910	Accounting	$3,348
USI CONSULTING GROUP3 years Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347	Advisory (Plan)	$2,898
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,625
MARCUM LLP5 years Filed as: MARCUM Service code 50 · EIN 11-1986326	Direct Payment	$500

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$32K

$186 / participant

Contract admin$32K100.0%

% of EOY assets

0.997%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,214

$59,584-40.9%

$86,625-59.3%

$79,389-55.6%

Participation rate

37.6%

67.7%-30.0pp

71.6%-34.0pp

70.7%-33.1pp

Annual return

9.26%

23.15%-13.9pp

63.52%-54.3pp

116.89%-107.6pp

Employer contribution / active EE

$325

$1,768-81.6%

$2,496-87.0%

$2,428-86.6%

Participant deferral / active EE

$680

$3,036-77.6%

$3,700-81.6%

$4,046-83.2%

Admin fee / account holder

$351

$604-41.9%

$5,830-94.0%

$626-44.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$19,555

MARCUM LLP7+ years

Service code 50 · EIN 11-1986323

Direct Payment

$3,500

WITHUMSMITH+BROWN, PC1 year

Filed as: H.H. BROWN SHOE CO

Service code 10 · EIN 04-1127910

Accounting

$3,348

USI CONSULTING GROUP3 years

Filed as: USI ADVISORS, INC.

Service code 27 · EIN 06-1397347

Advisory (Plan)

$2,898

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,625

MARCUM LLP5 years

Filed as: MARCUM

Service code 50 · EIN 11-1986326

Direct Payment

$500

H.H. BROWN SHOE COMPANY, INC. UNION EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H.H. BROWN SHOE COMPANY, INC. UNION EMPLOYEES 401(K) 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