Retirement plan

ALBOUM HAT EMPLOYEES' PROFIT SHARING AND 401K PLAN

Name: W. ALBOUM HAT COMPANY INC - ALBOUM HAT EMPLOYEES' PROFIT SHARING AND 401K PLAN (2018) Form 5500
Creator: W. ALBOUM HAT COMPANY INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALBOUM HAT EMPLOYEES' PROFIT SHARING AND 401K PLAN, W. ALBOUM HAT COMPANY INC

W. ALBOUM HAT COMPANY INCEIN 22-1577123Plan #003PY 2018

1439 SPRINGFIELD AVE - IRVINGTON, NJ 07111973-371-9100LinkedIn11-50 employeesapparel & fashion

Other plans on this EIN

1 filing

#004Retirement-$298K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.5M

-5.5% from 2017

Total participants

-4.2% from 2017

Average account balance

$168,187

-1.0% from 2017

Annual return

-8.00%

-21.00 pp from 2017

Benchmarks

See 3,311 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,311 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.15M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

145.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$262K

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

+10.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4209

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$73K

$3826 / participant

Other / not subdivided$73K100.0%

% of EOY assets

2.058%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,187

$91,911+83.0%

$68,612+145.1%

$135,380+24.2%

Participation rate

89.5%

76.7%+12.7pp

72.2%+17.2pp

82.6%+6.8pp

Annual return

-8.00%

-8.22%+0.2pp

-4.63%-3.4pp

519.81%-527.8pp

Employer contribution / active EE

$3,286

$3,924-16.2%

$2,625+25.2%

$4,779-31.2%

Participant deferral / active EE

$2,576

$4,315-40.3%

$3,311-22.2%

$5,609-54.1%

Admin fee / account holder

$3,462

$9,240-62.5%

$5,131-32.5%

$10,828-68.0%

ALBOUM HAT EMPLOYEES' PROFIT SHARING AND 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALBOUM HAT EMPLOYEES' PROFIT SHARING AND 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