Retirement plan

SARAMAX APPAREL GROUP, INC 401(K) PLAN PROFIT SHARING PLAN

Name: SARAMAX APPAREL GROUP, INC - SARAMAX APPAREL GROUP, INC 401(K) PLAN PROFIT SHARING PLAN (2019) Form 5500
Creator: SARAMAX APPAREL GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARAMAX APPAREL GROUP, INC 401(K) PLAN PROFIT SHARING PLAN, SARAMAX APPAREL GROUP, INC

SARAMAX APPAREL GROUP, INCEIN 13-3689746Plan #001PY 2019

1372 BROADWAY 7TH FLOOR - NEW YORK, NY 10018212-842-4152saramax.comLinkedIn51-200 employeesapparel & fashion

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.4M

+15.5% from 2018

Total participants

128

-19.0% from 2018

Average account balance

$80,242

+21.8% from 2018

Annual return

23.11%

+31.15 pp from 2018

Benchmarks

See 9,236 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,236 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.18M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

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.

73.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$175K

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29572

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Service code 52 · EIN 13-5674085	Indirect Investment Fees	$31,103
ADP BROKER-DEALER5+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$1,630
ADP BROKER-DEALER5+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$23 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.022%

all-in expense ratio

Categories reported

0 / 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: LM COHEN & COMPANY LLP
Auditor EIN: 464133700
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,242

$83,485-3.9%

$125,192-35.9%

$72,975+10.0%

Participation rate

50.0%

73.3%-23.3pp

79.8%-29.8pp

69.5%-19.5pp

Annual return

23.11%

25.77%-2.7pp

43.79%-20.7pp

81.01%-57.9pp

Employer contribution / active EE

$2,346-100.0%

$3,866-100.0%

$2,440-100.0%

Participant deferral / active EE

$3,205

$3,586-10.6%

$4,937-35.1%

$3,608-11.2%

Admin fee / account holder

$18

$5,518-99.7%

$9,704-99.8%

$5,124-99.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Service code 52 · EIN 13-5674085

Indirect Investment Fees

$31,103

ADP BROKER-DEALER5+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$1,630

ADP BROKER-DEALER5+ years

Service code 49 · EIN 22-3319984

Other Services

SARAMAX APPAREL GROUP, INC 401(K) PLAN PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SARAMAX APPAREL GROUP, INC 401(K) PLAN PROFIT SHARING 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