Retirement plan

L'OREAL USA, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

Name: L'OREAL USA, INC. - L'OREAL USA, INC. EMPLOYEE RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: L'OREAL USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L'OREAL USA, INC. EMPLOYEE RETIREMENT SAVINGS PLAN, L'OREAL USA, INC.

L'OREAL USA, INC.EIN 22-1539735Plan #003PY 2021

50 CONNELL DRIVE - BERKELEY HEIGHTS, NJ 07922908-673-3498

Other plans on this EIN

1 filing

#002Retirement-$1.13B assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 29, 1998

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$1819.5M

+11.5% from 2020

Total participants

12,350

+3.3% from 2020

Average account balance

$154,130

+9.1% from 2020

Annual return

15.27%

-1.16 pp from 2020

Benchmarks

See 53 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort53 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.04B

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

12,810

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC7+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$457,020
CAPFINANCIAL PARTNERS LLC1 year Service code 16 PO BOX 60071 · RALEIGH, NC 27675	Consulting	$134,523
MORNINGSTAR2 years Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$69,834
BDO USA, LLP6 years Service code 10 PO BOX 642743 · PITTSBURGH, PA 15264	Accounting	$41,500
FINANCIAL ENGINES3 years Service code 26 1050 ENTERPRISE WAY · SUNNYVALE, CA 94089	Advisory (Participants)	$28,086
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$2,745

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3F3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$736K

$94 / participant

Investment mgmt$232K31.6%
Other / not subdivided$503K68.4%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,130

$153,507+0.4%

$106,548+44.7%

$101,517+51.8%

Participation rate

93.1%

86.3%+6.7pp

76.1%+16.9pp

74.6%+18.5pp

Annual return

15.27%

15.11%+0.2pp

26.80%-11.5pp

21.00%-5.7pp

Employer contribution / active EE

$3,237

$4,668-30.7%

$2,819+14.8%

$2,973+8.9%

Participant deferral / active EE

$7,863

$7,264+8.2%

$4,398+78.8%

$4,873+61.4%

Admin fee / account holder

$62

$74-15.3%

$7,407-99.2%

$139-55.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC7+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$457,020

CAPFINANCIAL PARTNERS LLC1 year

Service code 16

PO BOX 60071 · RALEIGH, NC 27675

Consulting

$134,523

MORNINGSTAR2 years

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$69,834

BDO USA, LLP6 years

Service code 10

PO BOX 642743 · PITTSBURGH, PA 15264

Accounting

$41,500

FINANCIAL ENGINES3 years

Service code 26

1050 ENTERPRISE WAY · SUNNYVALE, CA 94089

Advisory (Participants)

$28,086

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$2,745

L'OREAL USA, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L'OREAL USA, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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