Retirement plan

SIGNIFY NORTH AMERICA CORPORATION 401(K) PLAN

Name: SIGNIFY NORTH AMERICA CORPORATION - SIGNIFY NORTH AMERICA CORPORATION 401(K) PLAN (2021) Form 5500
Creator: SIGNIFY NORTH AMERICA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIGNIFY NORTH AMERICA CORPORATION 401(K) PLAN, SIGNIFY NORTH AMERICA CORPORATION

SIGNIFY NORTH AMERICA CORPORATIONEIN 04-3391805Plan #002PY 2021

400 CROSSING BLVD., STE. 600 - BRIDGEWATER, NJ 08807888-339-4363

Other plans on this EIN

1 filing

#003Retirement-$539.8M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed October 7, 2016 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

200 Minuteman Road, Suite 205

Andover State: MA Zip Code: 01810

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Plans declared (1)

Philips Lighting North America Corporation Nonqualified 4% Plan25 emp

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Total assets (EOY)

$1019.6M

-12.7% from 2017

Total participants

4,961

+3.8% from 2017

Average account balance

$212,425

-16.6% from 2017

Annual return

52.66%

-17.47 pp from 2017

Benchmarks

See 773 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort773 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.02B

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

4,288

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.27M

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.6+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$187,574
MERCER3 years Filed as: MERCER US, INC. Service code 27 · EIN 13-2834414	Advisory (Plan)	$118,750
EISNERAMPER LLP5 years Filed as: EISNERAMPER, LLP Service code 10 · EIN 87-1363769	Accounting	$42,432
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN, LEWIS & BOCKIUS, LLP Service code 29 · EIN 23-0891050	Legal	$9,988

Plan features & details

Pension benefit codes2E2F2J2S2T3H2K

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).
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$347K

$121 / participant

Investment mgmt$119K34.2%
Contract admin$175K50.6%
Other / not subdivided$53K15.2%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,425

$144,879+46.6%

$111,319+90.8%

$93,010+128.4%

Participation rate

94.4%

86.1%+8.2pp

77.3%+17.0pp

73.9%+20.5pp

Annual return

52.66%

18.11%+34.6pp

54.68%-2.0pp

158.70%-106.0pp

Employer contribution / active EE

$6,688

$3,052+119.1%

$2,732+144.8%

$2,705+147.2%

Participant deferral / active EE

$9,325

$5,576+67.3%

$4,488+107.8%

$4,561+104.5%

Admin fee / account holder

$72

$104-30.2%

$7,966-99.1%

$152-52.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$187,574

MERCER3 years

Filed as: MERCER US, INC.

Service code 27 · EIN 13-2834414

Advisory (Plan)

$118,750

EISNERAMPER LLP5 years

Filed as: EISNERAMPER, LLP

Service code 10 · EIN 87-1363769

Accounting

$42,432

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN, LEWIS & BOCKIUS, LLP

Service code 29 · EIN 23-0891050

Legal

$9,988

SIGNIFY NORTH AMERICA CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIGNIFY NORTH AMERICA CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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