Retirement plan

ALBOUM HAT EMPLOYEES PROFIT SHARING AND 401K PLAN

Name: W. ALBOUM HAT COMPANY INC - ALBOUM HAT EMPLOYEES PROFIT SHARING AND 401K PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#004Retirement-$1.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-5.6% from 2019

Total participants

+4.3% from 2019

Average account balance

$142,818

-9.5% from 2019

Annual return

8.19%

-11.09 pp from 2019

Benchmarks

See 3,638 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,638 peers

Snapshot2020

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

$682K

$37902 / participant

Other / not subdivided$682K100.0%

% of EOY assets

19.904%

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

$142,818

$105,960+34.8%

$81,726+74.8%

$158,982-10.2%

Participation rate

100.0%

75.6%+24.4pp

72.0%+28.0pp

82.0%+18.0pp

Annual return

8.19%

38.19%-30.0pp

29.49%-21.3pp

302.99%-294.8pp

Employer contribution / active EE

$4,712

$7,805-39.6%

$4,311+9.3%

$4,763-1.1%

Participant deferral / active EE

$3,581

$13,011-72.5%

$7,108-49.6%

$5,983-40.2%

Admin fee / account holder

$28,427

$8,494+234.6%

$5,160+450.9%

$11,252+152.6%

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