Retirement plan

SWIMWEAR ANYWHERE, INC. 401(K) PROFIT SHARING PLAN

Name: SWIMWEAR ANYWHERE, INC. - SWIMWEAR ANYWHERE, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SWIMWEAR ANYWHERE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWIMWEAR ANYWHERE, INC. 401(K) PROFIT SHARING PLAN, SWIMWEAR ANYWHERE, INC.

SWIMWEAR ANYWHERE, INC.EIN 11-3443772Plan #002PY 2022

85 SHERWOOD AVENUE - FARMINGDALE, NY 117351717631-420-1400swimwearanywhere.comLinkedIn201-500 employeesapparel & fashion

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11M

-12.9% from 2021

Total participants

131

-3.7% from 2021

Average account balance

$99,920

-8.9% from 2021

Annual return

-12.80%

-25.41 pp from 2021

Benchmarks

See 2,538 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,538 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.44M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

133

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.

79.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$857K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$643

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
MILLENNIUM INVESTMENT & RETIREMENT4 years Filed as: MILLENNIUM INVESTMENT AND RET Service code 26 · EIN 94-3428956 13850 BALLANTYNE CORPORATE PL #500 · CHARLOTTE, NC 28277	Advisory (Participants)	$4,489
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501	Recordkeeping	$907

Plan features & details

Pension benefit codes2E2J2H3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$802 / participant

Investment mgmt$4K6.1%
Other / not subdivided$69K93.9%

% of EOY assets

0.672%

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: MACIAS, GINI & O'CONNELL,LLP
Auditor EIN: 680300457
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,920

$53,546+86.6%

$69,890+43.0%

$68,490+45.9%

Participation rate

77.2%

64.5%+12.6pp

70.5%+6.7pp

67.9%+9.3pp

Annual return

-12.80%

-13.87%+1.1pp

190.84%-203.6pp

-7.85%-4.9pp

Employer contribution / active EE

$1,304

$2,019-35.4%

$2,560-49.1%

$2,597-49.8%

Participant deferral / active EE

$5,888

$2,957+99.1%

$3,848+53.0%

$4,028+46.2%

Admin fee / account holder

$671

$4,693-85.7%

$6,267-89.3%

$5,403-87.6%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT4 years

Filed as: MILLENNIUM INVESTMENT AND RET

Service code 26 · EIN 94-3428956

13850 BALLANTYNE CORPORATE PL #500 · CHARLOTTE, NC 28277

Advisory (Participants)

$4,489

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK NEW YORK

Service code 15 · EIN 13-3646501

Recordkeeping

$907

SWIMWEAR ANYWHERE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWIMWEAR ANYWHERE, 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