Retirement plan

HAEMONETICS CORPORATION SAVINGS PLUS PLAN

Name: HAEMONETICS CORPORATION - HAEMONETICS CORPORATION SAVINGS PLUS PLAN (2019) Form 5500
Creator: HAEMONETICS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAEMONETICS CORPORATION SAVINGS PLUS PLAN, HAEMONETICS CORPORATION

HAEMONETICS CORPORATIONEIN 04-2882273Plan #002PY 2019

125 SUMMER STREET - BOSTON, MA 02110781-848-7100haemonetics.comLinkedIn1001-5000 employeesmedical devices

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 12, 1

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$175.1M

+11.0% from 2018

Total participants

1,825

-12.2% from 2018

Average account balance

$97,579

+24.2% from 2018

Annual return

21.51%

+25.98 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$276.18M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

2,003

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+17.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS Service code 15 · EIN 01-0233346	Recordkeeping	$31,130
THE CENTURION GROUP, LLC5+ years Service code 27 · EIN 20-3832996	Advisory (Plan)	$29,167
GRAY, GRAY & GRAY1 year Filed as: GRAY, GRAY & GRAY LLP Service code 10 · EIN 04-2088368	Accounting	$28,750
ERNST & YOUNG LLP2 years Service code 10 · EIN 34-6565596	Accounting	$25,000
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES, LLC Service code 27 1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Advisory (Plan)	$16,667
DIMEO SCHNEIDER & ASSOCIATES LLC1 year Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC Service code 27 265 FRANKLIN STREET · BOSTON, MA 02110	Advisory (Plan)	$5,778

Plan features & details

Pension benefit codes2E2G2J2K2R2S2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$136K

$137 / participant

Investment mgmt$52K37.8%
Contract admin$31K22.8%
Other / not subdivided$54K39.4%

% of EOY assets

0.078%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRAY, GRAY & GRAY LLP
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,579

$73,404+32.9%

$87,100+12.0%

$67,579+44.4%

Participation rate

96.9%

80.9%+16.0pp

76.9%+20.0pp

71.3%+25.6pp

Annual return

21.51%

48.29%-26.8pp

28.19%-6.7pp

378.56%-357.0pp

Employer contribution / active EE

$4,802

$2,014+138.4%

$2,521+90.5%

$2,148+123.6%

Participant deferral / active EE

$7,702

$3,913+96.8%

$4,049+90.2%

$3,539+117.6%

Admin fee / account holder

$76

$142-46.3%

$7,497-99.0%

$142-46.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS

Service code 15 · EIN 01-0233346

Recordkeeping

$31,130

THE CENTURION GROUP, LLC5+ years

Service code 27 · EIN 20-3832996

Advisory (Plan)

$29,167

GRAY, GRAY & GRAY1 year

Filed as: GRAY, GRAY & GRAY LLP

Service code 10 · EIN 04-2088368

Accounting

$28,750

ERNST & YOUNG LLP2 years

Service code 10 · EIN 34-6565596

Accounting

$25,000

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES, LLC

Service code 27

1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Advisory (Plan)

$16,667

DIMEO SCHNEIDER & ASSOCIATES LLC1 year

Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC

Service code 27

265 FRANKLIN STREET · BOSTON, MA 02110

Advisory (Plan)

$5,778

HAEMONETICS CORPORATION SAVINGS PLUS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAEMONETICS CORPORATION SAVINGS PLUS PLAN

Top hat statement on fileNQDC

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