Retirement plan

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

Name: SWIMWEAR ANYWHERE, INC. - SWIMWEAR ANYWHERE, INC. 401(K) PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$12.7M

+15.2% from 2022

Total participants

151

+15.3% from 2022

Average account balance

$102,097

+2.2% from 2022

Annual return

15.79%

+28.59 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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 & RETIREMENT5 years Filed as: MILLENNIUM INVESTMENT AND RET Service code 26 · EIN 94-3428956 13850 BALLANTYNE CORPORATE PL #500 · CHARLOTTE, NC 28277	Advisory (Participants)	$4,656
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501	Recordkeeping	$1,255

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$79K

$742 / participant

Recordkeeping$2K3.1%
Investment mgmt$5K5.9%
Contract admin$72K91.0%

% of EOY assets

0.627%

all-in expense ratio

Categories reported

3 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,097

$56,438+80.9%

$76,902+32.8%

$71,529+42.7%

Participation rate

74.8%

64.3%+10.5pp

69.6%+5.2pp

67.9%+6.8pp

Annual return

15.79%

19.05%-3.3pp

37.91%-22.1pp

28.97%-13.2pp

Employer contribution / active EE

$2,272

$1,864+21.9%

$2,534-10.3%

$2,590-12.3%

Participant deferral / active EE

$5,641

$3,136+79.9%

$3,833+47.2%

$4,291+31.5%

Admin fee / account holder

$640

$1,430-55.3%

$5,479-88.3%

$1,588-59.7%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT5 years

Filed as: MILLENNIUM INVESTMENT AND RET

Service code 26 · EIN 94-3428956

13850 BALLANTYNE CORPORATE PL #500 · CHARLOTTE, NC 28277

Advisory (Participants)

$4,656

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Filed as: JOHN HANCOCK NEW YORK

Service code 15 · EIN 13-3646501

Recordkeeping

$1,255

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