Retirement plan

ADORAMA 401(K) PLAN

Name: ADORAMA INC. - ADORAMA 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.6M

+33.3% from 2022

Total participants

558

-17.9% from 2022

Average account balance

$30,863

+51.8% from 2022

Annual return

18.15%

+21.99 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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
NATIONWIDE2 years Service code 13 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$65,100
ASSOCIATED PENSION CONSULTANTS2 years Filed as: ASSOCIATED PENSION CONSULTANTS INC Service code 49 · EIN 11-3271022 401 BROADHOLLOW ROAD · MELVILLE, NY 11747	Other Services	$19,578
LBMC, PC1 year Filed as: LBMC PC Service code 13 · EIN 42-0127290 201 FRANKLIN ROAD · BRENTWOOD, TN 37027	Contract Administrator	$15,250
LINCOLN NATIONAL CORPORATION2 years Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT Service code 49 · EIN 35-1151034	Other Services	$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

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

$51K

$105 / participant

Contract admin$51K100.0%

% of EOY assets

0.672%

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: LBMC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,863

$53,165-41.9%

$86,216-64.2%

$74,460-58.6%

Participation rate

35.8%

64.9%-29.1pp

69.0%-33.2pp

70.7%-34.9pp

Annual return

18.15%

22.64%-4.5pp

1169.42%-1151.3pp

34.38%-16.2pp

Employer contribution / active EE

$906

$1,210-25.1%

$2,382-62.0%

$2,638-65.7%

Participant deferral / active EE

$2,869

$3,234-11.3%

$3,986-28.0%

$4,530-36.7%

Admin fee / account holder

$207

$551-62.4%

$6,853-97.0%

$348-40.4%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 13 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$65,100

ASSOCIATED PENSION CONSULTANTS2 years

Filed as: ASSOCIATED PENSION CONSULTANTS INC

Service code 49 · EIN 11-3271022

401 BROADHOLLOW ROAD · MELVILLE, NY 11747

Other Services

$19,578

LBMC, PC1 year

Filed as: LBMC PC

Service code 13 · EIN 42-0127290

201 FRANKLIN ROAD · BRENTWOOD, TN 37027

Contract Administrator

$15,250

LINCOLN NATIONAL CORPORATION2 years

Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT

Service code 49 · EIN 35-1151034

Other Services

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