Retirement plan

JACQUES MORET, INC. 401(K) PLAN AND TRUST

Name: JACQUES MORET, INC. - JACQUES MORET, INC. 401(K) PLAN AND TRUST (2023) Form 5500
Creator: JACQUES MORET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACQUES MORET, INC. 401(K) PLAN AND TRUST, JACQUES MORET, INC.

JACQUES MORET, INC.EIN 13-2812613Plan #333PY 2023

1411 BROADWAY - 8TH FLOOR - NEW YORK, NY 10018212-736-0041LinkedIn51-200 employeesapparel & fashion

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$37.6M

+15.6% from 2022

Total participants

413

+3.5% from 2022

Average account balance

$111,996

+13.2% from 2022

Annual return

16.37%

+31.56 pp from 2022

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.84M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

328

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.

68.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BANKING OP Service code 99 · EIN 22-2000222	Other Fees	$42,500
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 99 · EIN 26-4310844	Other Fees	$17,500
LAIKEN ASSOCIATES, INC.3 years Filed as: LAIKEN ASSOC INC Service code 49 224 W 35TH ST - SUITE 910 · NEW YORK, NY 10001	Other Services	$16,839
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT Service code 26 · EIN 36-4317381	Advisory (Participants)	$12,515
MORNINGSTAR9+ years Service code 27	Advisory (Plan)	$4,205

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$96K

$400 / participant

Investment mgmt$96K100.0%

% of EOY assets

0.256%

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: FRENDEL, BROWN & WEISSMAN LLP
Auditor EIN: 132907212
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,996

$56,423+98.5%

$77,175+45.1%

$71,476+56.7%

Participation rate

68.0%

64.3%+3.7pp

69.6%-1.5pp

67.9%+0.1pp

Annual return

16.37%

19.05%-2.7pp

37.88%-21.5pp

28.85%-12.5pp

Employer contribution / active EE

$1,866-100.0%

$2,533-100.0%

$2,589-100.0%

Participant deferral / active EE

$5,828

$3,142+85.5%

$3,832+52.1%

$4,290+35.8%

Admin fee / account holder

$287

$1,429-79.9%

$5,474-94.8%

$1,587-81.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BANKING OP

Service code 99 · EIN 22-2000222

Other Fees

$42,500

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 99 · EIN 26-4310844

Other Fees

$17,500

LAIKEN ASSOCIATES, INC.3 years

Filed as: LAIKEN ASSOC INC

Service code 49

224 W 35TH ST - SUITE 910 · NEW YORK, NY 10001

Other Services

$16,839

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MGMT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$12,515

MORNINGSTAR9+ years

Service code 27

Advisory (Plan)

$4,205

JACQUES MORET, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACQUES MORET, INC. 401(K) PLAN AND TRUST

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