Retirement plan

PIERRE FABRE USA 401(K) SAVINGS & RETIREMENT PLAN

Name: PIERRE FABRE USA - PIERRE FABRE USA 401(K) SAVINGS & RETIREMENT PLAN (2019) Form 5500
Creator: PIERRE FABRE USA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIERRE FABRE USA 401(K) SAVINGS & RETIREMENT PLAN, PIERRE FABRE USA

PIERRE FABRE USAEIN 22-3374070Plan #001PY 2019

8 CAMPUS DRIVE - PARSIPPANY, NJ 07054973-355-8048

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10.4M

No prior year

Total participants

200

No prior year

Average account balance

$64,537

No prior year

Annual return

24.84%

No prior year

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.18M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

186

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.

72.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+22.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 64 · EIN 04-1590850	Recordkeeping Fees	$17,255
FRIEDMAN & ANSPACH1+ years Filed as: FRIEDMAN, LLP Service code 10 · EIN 13-1610809	Accounting	$14,668
PREFERRED PENSIONS LLC1+ years Service code 13 · EIN 22-3320696	Contract Administrator	$11,600
KESTRA INVESTMENT SERVICES LLC1+ years Filed as: KESTRA ADVISORY SERVICES Service code 27 · EIN 47-1566880	Advisory (Plan)	$11,036
MILLENNIUM INVESTMENT & RETIREMENT1+ years Service code 27 · EIN 94-3428956	Advisory (Plan)	$8,428
THE VANGUARD GROUP, INC.1+ years Filed as: THE VANGUARD GROUP Service code 64 · EIN 23-1945930	Recordkeeping Fees	$7,731
ALLIANCE PENSION CONSULTANTS, LLC1+ years Filed as: PARAGON ALLIANCE Service code 13 · EIN 23-3044062	Contract Administrator	$5,000

Plan features & details

Pension benefit codes2E2J2F2G3H2K2T

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$81K

$747 / participant

Investment mgmt$81K100.0%

% of EOY assets

0.784%

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: FRIEDMAN LLP
Auditor EIN: 131610809
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,537

$49,138+31.3%

$84,023-23.2%

$65,186-1.0%

Participation rate

64.2%

60.7%+3.5pp

69.0%-4.8pp

70.2%-6.0pp

Annual return

24.84%

23.00%+1.8pp

71.32%-46.5pp

29.39%-4.5pp

Employer contribution / active EE

$5,857

$914+541.0%

$1,984+195.2%

$2,177+169.1%

Participant deferral / active EE

$11,815

$2,397+392.9%

$3,239+264.8%

$3,514+236.2%

Admin fee / account holder

$506

$543-6.9%

$6,102-91.7%

$847-40.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$17,255

FRIEDMAN & ANSPACH1+ years

Filed as: FRIEDMAN, LLP

Service code 10 · EIN 13-1610809

Accounting

$14,668

PREFERRED PENSIONS LLC1+ years

Service code 13 · EIN 22-3320696

Contract Administrator

$11,600

KESTRA INVESTMENT SERVICES LLC1+ years

Filed as: KESTRA ADVISORY SERVICES

Service code 27 · EIN 47-1566880

Advisory (Plan)

$11,036

MILLENNIUM INVESTMENT & RETIREMENT1+ years

Service code 27 · EIN 94-3428956

Advisory (Plan)

$8,428

THE VANGUARD GROUP, INC.1+ years

Filed as: THE VANGUARD GROUP

Service code 64 · EIN 23-1945930

Recordkeeping Fees

$7,731

ALLIANCE PENSION CONSULTANTS, LLC1+ years

Filed as: PARAGON ALLIANCE

Service code 13 · EIN 23-3044062

Contract Administrator

$5,000

PIERRE FABRE USA 401(K) SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIERRE FABRE USA 401(K) SAVINGS & RETIREMENT 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