Retirement plan

EASTMAN FOOTWEAR CORP. 401K PLAN

Name: EASTMAN FOOTWEAR CORP. - EASTMAN FOOTWEAR CORP. 401K PLAN (2016) Form 5500
Creator: EASTMAN FOOTWEAR CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTMAN FOOTWEAR CORP. 401K PLAN, EASTMAN FOOTWEAR CORP.

EASTMAN FOOTWEAR CORP.EIN 13-4172993Plan #001PY 2016

34 WEST 33RD STREET, 7TH FLOOR - NEW YORK, NY 100013304212-629-0282LinkedIn51-200 employees

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$7.1M

No prior year

Total participants

127

No prior year

Average account balance

$89,871

No prior year

Annual return

8.86%

No prior year

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.30M

Not enough data

1 years with asset history on file

Average account balance

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

$190K

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.

101.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$472K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6597

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
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,536
MSI FINANCIAL SERVICES INC.1+ years Filed as: MSI FINANCIAL SERVICES Service code 55 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Commissions	$0
SENTINEL PENSION ADVISORS1+ years Filed as: SENTINEL BENEFITS GROUP LLC Service code 13 100 QUANNAPOWITT PKWY · WAKEFIELD, MA 01880	Contract Administrator	$0

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$16K

$152 / participant

Investment mgmt$16K100.0%

% of EOY assets

0.224%

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: CITRIN COOPERMAN & COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,871

$63,924+40.6%

$108,582-17.2%

$55,167+62.9%

Participation rate

54.3%

74.3%-20.1pp

79.6%-25.3pp

69.0%-14.7pp

Annual return

8.86%

15.31%-6.5pp

-51.70%+60.6pp

169.23%-160.4pp

Employer contribution / active EE

$646

$1,879-65.6%

$3,758-82.8%

$1,963-67.1%

Participant deferral / active EE

$4,662

$3,067+52.0%

$4,311+8.2%

$3,054+52.7%

Admin fee / account holder

$201

$618-67.4%

$7,645-97.4%

$504-60.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,536

MSI FINANCIAL SERVICES INC.1+ years

Filed as: MSI FINANCIAL SERVICES

Service code 55

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Commissions

SENTINEL PENSION ADVISORS1+ years

Filed as: SENTINEL BENEFITS GROUP LLC

Service code 13

100 QUANNAPOWITT PKWY · WAKEFIELD, MA 01880

Contract Administrator

EASTMAN FOOTWEAR CORP. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTMAN FOOTWEAR CORP. 401K 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