Retirement plan

INTERNATIONAL SHOPPES, INC. 401(K) PROFIT SHARING PLAN

Name: INTERNATIONAL SHOPPES, INC. - INTERNATIONAL SHOPPES, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: INTERNATIONAL SHOPPES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL SHOPPES, INC. 401(K) PROFIT SHARING PLAN, INTERNATIONAL SHOPPES, INC.

INTERNATIONAL SHOPPES, INC.EIN 11-1976807Plan #001PY 2017

540 ROCKAWAY AVENUE - VALLEY STREAM, NY 11581516-872-5797ishoppes.comLinkedIn501-1000 employeesretail

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$9.8M

+12.9% from 2016

Total participants

220

-14.4% from 2016

Average account balance

$75,290

+8.6% from 2016

Annual return

13.32%

+6.97 pp from 2016

Benchmarks

See 420 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort420 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.00M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

152

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Service code 52 · EIN 13-5674085	Indirect Investment Fees	$13,298
ELLIOT HOROWITZ & CO. LLP3+ years Service code 15 · EIN 13-3028332	Recordkeeping	$10,371
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 15 · EIN 13-2638166	Recordkeeping	$10,022
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$1,870
TD AMERITRADE, INC.3+ years Service code 33 · EIN 82-0543156	Securities brokerage; Distribution (1...	$79
ADP BROKER-DEALER3+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$126 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.227%

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: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,290

$47,448+58.7%

$94,993-20.7%

$62,293+20.9%

Participation rate

48.9%

66.5%-17.6pp

73.9%-25.0pp

69.5%-20.7pp

Annual return

13.32%

22.64%-9.3pp

27.12%-13.8pp

28.90%-15.6pp

Employer contribution / active EE

$821

$1,300-36.9%

$2,603-68.5%

$2,042-59.8%

Participant deferral / active EE

$2,444

$2,375+2.9%

$3,317-26.3%

$3,169-22.9%

Admin fee / account holder

$171

$434-60.6%

$4,960-96.5%

$479-64.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Service code 52 · EIN 13-5674085

Indirect Investment Fees

$13,298

ELLIOT HOROWITZ & CO. LLP3+ years

Service code 15 · EIN 13-3028332

Recordkeeping

$10,371

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 15 · EIN 13-2638166

Recordkeeping

$10,022

ADP BROKER-DEALER3+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$1,870

TD AMERITRADE, INC.3+ years

Service code 33 · EIN 82-0543156

Securities brokerage; Distribution (1...

$79

ADP BROKER-DEALER3+ years

Service code 49 · EIN 22-3319984

Other Services

INTERNATIONAL SHOPPES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL SHOPPES, INC. 401(K) PROFIT SHARING 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