Retirement plan

THIRD AMENDED AND RESTATED WEIGHT WATCHERS SAVINGS PLAN

Name: WEIGHT WATCHERS INTERNATIONAL, INC. - THIRD AMENDED AND RESTATED WEIGHT WATCHERS SAVINGS PLAN (2019) Form 5500
Creator: WEIGHT WATCHERS INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THIRD AMENDED AND RESTATED WEIGHT WATCHERS SAVINGS PLAN, WEIGHT WATCHERS INTERNATIONAL, INC.

WEIGHT WATCHERS INTERNATIONAL, INC.EIN 11-6040273Plan #001PY 2019

675 AVENUE OF THE AMERICAS, 6TH FLOOR - NEW YORK, NY 10010212-817-4235

Prospect flagsLow participationFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$189.1M

+25.0% from 2018

Total participants

4,999

-20.5% from 2018

Average account balance

$54,065

+34.1% from 2018

Annual return

23.91%

+28.06 pp from 2018

Benchmarks

See 242 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort242 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$200.78M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

2,553

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.

64.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
BORIS BENIC AND ASSOCIATES LLP5+ years Filed as: BORIS BENIC & ASSOCIATES LLP Service code 10 · EIN 54-2190047	Accounting	$30,821
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$15,130
BAKER & BOTTS5+ years Filed as: BAKER BOTTS LLP Service code 29 · EIN 74-1195457	Legal	$12,236
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,118

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$16 / participant

Investment mgmt$6K9.5%
Other / not subdivided$58K90.5%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

1 / 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: BORIS BENIC AND ASSOCIATES LLP
Auditor EIN: 542190047
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,065

$44,794+20.7%

$90,300-40.1%

$77,775-30.5%

Participation rate

63.3%

66.6%-3.3pp

73.3%-10.0pp

73.2%-9.9pp

Annual return

23.91%

28.23%-4.3pp

78.11%-54.2pp

32.58%-8.7pp

Employer contribution / active EE

$1,075

$1,809-40.5%

$2,854-62.3%

$2,504-57.0%

Participant deferral / active EE

$2,985

$2,642+13.0%

$3,884-23.2%

$3,966-24.7%

Admin fee / account holder

$18

$94-80.5%

$5,353-99.7%

$100-81.6%

Provider

Service type

Compensation

BORIS BENIC AND ASSOCIATES LLP5+ years

Filed as: BORIS BENIC & ASSOCIATES LLP

Service code 10 · EIN 54-2190047

Accounting

$30,821

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$15,130

BAKER & BOTTS5+ years

Filed as: BAKER BOTTS LLP

Service code 29 · EIN 74-1195457

Legal

$12,236

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,118

THIRD AMENDED AND RESTATED WEIGHT WATCHERS SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THIRD AMENDED AND RESTATED WEIGHT WATCHERS SAVINGS 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