Retirement plan

ADORAMA 401(K) PLAN

Name: ADORAMA INC. - ADORAMA 401(K) PLAN (2021) Form 5500
Creator: ADORAMA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADORAMA 401(K) PLAN, ADORAMA INC.

ADORAMA INC.EIN 13-2918676Plan #002PY 2021

42 WEST 18TH STREET - NEW YORK, NY 10011800-223-2500adorama.comLinkedIn501-1000 employeesphotography

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.4M

+51.3% from 2020

Total participants

541

+0.7% from 2020

Average account balance

$25,720

+33.7% from 2020

Annual return

26.69%

-3.56 pp from 2020

Benchmarks

See 1,264 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,264 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.69M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

248

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.

35.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$188

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$27,077
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INSURANCE AGENCY LLC Service code 49 · EIN 04-3109325	Other Services	$11,316
ALLIANCE PENSION CONSULTANTS, LLC4 years Filed as: PARAGON ALLIANCE GROUP LLC Service code 17 · EIN 23-3044062	Pension Consulting	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2J3D3H

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.
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

$27K

$52 / participant

Contract admin$27K100.0%

% of EOY assets

0.612%

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: ROTH & COMPANY, LLP
Auditor EIN: 113360065
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,720

$50,956-49.5%

$96,570-73.4%

$86,821-70.4%

Participation rate

29.0%

65.2%-36.2pp

69.8%-40.8pp

72.3%-43.3pp

Annual return

26.69%

21.27%+5.4pp

37.79%-11.1pp

97.94%-71.2pp

Employer contribution / active EE

$1,111-100.0%

$2,357-100.0%

$2,406-100.0%

Participant deferral / active EE

$2,103

$2,954-28.8%

$3,849-45.4%

$4,132-49.1%

Admin fee / account holder

$157

$166-5.2%

$6,182-97.5%

$170-7.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$27,077

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INSURANCE AGENCY LLC

Service code 49 · EIN 04-3109325

Other Services

$11,316

ALLIANCE PENSION CONSULTANTS, LLC4 years

Filed as: PARAGON ALLIANCE GROUP LLC

Service code 17 · EIN 23-3044062

Pension Consulting

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ADORAMA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADORAMA 401(K) 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