Retirement plan

B & H FOTO 401(K) RETIREMENT PLAN

Name: B & H FOTO & ELECTRONICS CORP. - B & H FOTO 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: B & H FOTO & ELECTRONICS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B & H FOTO 401(K) RETIREMENT PLAN, B & H FOTO & ELECTRONICS CORP.

B & H FOTO & ELECTRONICS CORP.EIN 13-2768071Plan #001PY 2016

420 NINTH AVENUE - NEW YORK, NY 10001212-239-7500LinkedIn1001-5000 employeesbusiness supplies and equipment

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$37.3M

+27.0% from 2015

Total participants

1,939

+0.6% from 2015

Average account balance

$27,492

+21.1% from 2015

Annual return

7.79%

+5.14 pp from 2015

Benchmarks

See 334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort334 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$128.43M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

1,677

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.

59.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$16,070
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: PARAGON ALLIANCE GROUP Service code 50 · EIN 23-3044062	Direct Payment	$14,474
DENNIS M LEAHY2+ years Filed as: DENNIS M. LEAHY Service code 53 900 STEWART AVE · GARDEN CITY, NY 11530	Insurance Commissions	$0
MARK NARDELLA2+ years Filed as: MARK J. WEINSTOCK Service code 53 250 PEHLE AVE · SADDLE BROOK, NJ 07663	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 72	Other investment fees and expenses	$0
RONALD B LEE & RICHARD T NOLAN2+ years Service code 53 250 PEHLE AVE · SADDLE BROOK, NJ 07663	Insurance Commissions	$0
SIDNEY J WEINSTOCK2+ years Service code 53 292 MADISON AVE · NEW YORK, NY 10017	Insurance Commissions	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$31K

$16 / participant

Contract admin$31K100.0%

% of EOY assets

0.082%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,492

$33,232-17.3%

$71,796-61.7%

$63,975-57.0%

Participation rate

68.6%

60.1%+8.5pp

69.1%-0.5pp

71.1%-2.5pp

Annual return

7.79%

11.99%-4.2pp

78.04%-70.3pp

48.65%-40.9pp

Employer contribution / active EE

$1,001

$723+38.5%

$1,924-48.0%

$2,182-54.1%

Participant deferral / active EE

$2,366

$1,604+47.5%

$2,794-15.3%

$3,356-29.5%

Admin fee / account holder

$23

$63-64.5%

$4,815-99.5%

$70-68.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$16,070

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: PARAGON ALLIANCE GROUP

Service code 50 · EIN 23-3044062

Direct Payment

$14,474

DENNIS M LEAHY2+ years

Filed as: DENNIS M. LEAHY

Service code 53

900 STEWART AVE · GARDEN CITY, NY 11530

Insurance Commissions

MARK NARDELLA2+ years

Filed as: MARK J. WEINSTOCK

Service code 53

250 PEHLE AVE · SADDLE BROOK, NJ 07663

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 72

Other investment fees and expenses

RONALD B LEE & RICHARD T NOLAN2+ years

Service code 53

250 PEHLE AVE · SADDLE BROOK, NJ 07663

Insurance Commissions

SIDNEY J WEINSTOCK2+ years

Service code 53

292 MADISON AVE · NEW YORK, NY 10017

Insurance Commissions

B & H FOTO 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B & H FOTO 401(K) RETIREMENT 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