Retirement plan

UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES 401(K) PLAN

Name: UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES - UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES 401(K) PLAN (2020) Form 5500
Creator: UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES 401(K) PLAN, UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES

UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATESEIN 11-2393206Plan #001PY 2020

28 SCHOOL ST - GLEN COVE, NY 115422512516-277-2044LinkedIn201-500 employeesluxury goods & jewelry

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.1M

+16.7% from 2019

Total participants

187

-9.7% from 2019

Average account balance

$142,074

+21.2% from 2019

Annual return

13.57%

-4.39 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.40M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

173

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.

52.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 2 by compensation

Provider	Service type	Compensation
UNITED BENEFIT PENSIONS INC.6+ years Service code 13 175 BROADHOLLOW ROAD · MELVILLE, NY 11747	Contract Administrator	$950
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIRMT PLAN SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$809

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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

1 tripped

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

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: NUSSBAUM BERG KLEIN & WOLPOW, CPA'S
Auditor EIN: 260221653
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,074

$54,573+160.3%

$90,970+56.2%

$73,497+93.3%

Participation rate

38.1%

61.2%-23.1pp

69.0%-30.9pp

70.7%-32.6pp

Annual return

13.57%

16.69%-3.1pp

134.60%-121.0pp

28.51%-14.9pp

Employer contribution / active EE

$991-100.0%

$2,122-100.0%

$2,270-100.0%

Participant deferral / active EE

$3,140

$2,517+24.7%

$3,373-6.9%

$3,740-16.1%

Admin fee / account holder

$521-100.0%

$5,961-100.0%

$513-100.0%

Provider

Service type

Compensation

UNITED BENEFIT PENSIONS INC.6+ years

Service code 13

175 BROADHOLLOW ROAD · MELVILLE, NY 11747

Contract Administrator

$950

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIRMT PLAN SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$809

UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

UDELL JEWELERS, INC. D/B/A LONDON JEWELERS & AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion