Retirement plan

B & H FOTO 401(K) RETIREMENT PLAN

Name: B & H FOTO & ELECTRONICS CORP. - B & H FOTO 401(K) RETIREMENT PLAN (2021) 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 2021

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$104.3M

+19.4% from 2020

Total participants

1,958

-4.6% from 2020

Average account balance

$70,214

+22.0% from 2020

Annual return

14.86%

-3.58 pp from 2020

Benchmarks

See 360 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort360 peers

Snapshot2021

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$45,000
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$20,279
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: THE PARAGON ALLIANCE GROUP LLC Service code 13 · EIN 23-3044062	Contract Administrator	$17,207
ALLIANCE PENSION CONSULTANTS, LLC7+ years Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 14 · EIN 23-3044062	Plan Administrator	$13,333
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 22-3483675	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS5 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$0
LEGG MASON2 years Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT5 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2H2K2T3D3H

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$97K

$58 / participant

Other / not subdivided$97K100.0%

% of EOY assets

0.093%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,214

$48,166+45.8%

$96,575-27.3%

$93,010-24.5%

Participation rate

71.7%

65.1%+6.6pp

69.8%+1.9pp

73.9%-2.2pp

Annual return

14.86%

21.31%-6.4pp

37.79%-22.9pp

158.70%-143.8pp

Employer contribution / active EE

$1,348

$1,070+26.0%

$2,357-42.8%

$2,705-50.2%

Participant deferral / active EE

$3,724

$2,576+44.6%

$3,849-3.2%

$4,561-18.3%

Admin fee / account holder

$65

$110-40.7%

$6,182-98.9%

$152-56.9%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$45,000

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$20,279

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: THE PARAGON ALLIANCE GROUP LLC

Service code 13 · EIN 23-3044062

Contract Administrator

$17,207

ALLIANCE PENSION CONSULTANTS, LLC7+ years

Filed as: THE PARAGON ALLIANCE GROUP, LLC

Service code 14 · EIN 23-3044062

Plan Administrator

$13,333

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 22-3483675

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS5 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

LEGG MASON2 years

Service code 52 · EIN 95-2705767

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT5 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

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