Retirement plan

JEAN MADELINE, INC. 401(K) PLAN

Name: JEAN MADELINE, INC. - JEAN MADELINE, INC. 401(K) PLAN (2022) Form 5500
Creator: JEAN MADELINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEAN MADELINE, INC. 401(K) PLAN, JEAN MADELINE, INC.

JEAN MADELINE, INC.EIN 23-1596775Plan #001PY 2022

575 PINETOWN ROAD #789 - FORT WASHINGTON, PA 19034215-238-9998jeanmadeline.comLinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$8.5M

-25.1% from 2021

Total participants

176

+10.0% from 2021

Average account balance

$58,859

-29.7% from 2021

Annual return

-19.94%

-34.21 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.35M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

140

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$309K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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 3 by compensation

Provider	Service type	Compensation
BETTE KARPIN5 years Service code 99 · EIN 23-3101180 P.O. BOX 247 · BRYN MAWR, PA 19010	Other Fees	$23,232
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$5,216
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 061990067	Advisory (Participants)	$5,216

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$36K

$320 / participant

Investment mgmt$23K63.7%
Contract admin$10K28.6%
Other / not subdivided$3K7.7%

% of EOY assets

0.427%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JACOBS AND ASSOCIATES, LLC
Auditor EIN: 461151899
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,859

$51,223+14.9%

$82,763-28.9%

$66,949-12.1%

Participation rate

72.8%

67.9%+4.9pp

72.6%+0.2pp

69.8%+3.0pp

Annual return

-19.94%

-9.85%-10.1pp

702.45%-722.4pp

1.57%-21.5pp

Employer contribution / active EE

$263

$2,611-89.9%

$3,008-91.3%

$2,545-89.7%

Participant deferral / active EE

$2,288

$3,460-33.9%

$4,395-48.0%

$4,239-46.0%

Admin fee / account holder

$251

$415-39.5%

$5,325-95.3%

$594-57.6%

Provider

Service type

Compensation

BETTE KARPIN5 years

Service code 99 · EIN 23-3101180

P.O. BOX 247 · BRYN MAWR, PA 19010

Other Fees

$23,232

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$5,216

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 26 · EIN 71-0294708

P.O. BOX 990067 · HARTFORD, CT 061990067

Advisory (Participants)

$5,216

JEAN MADELINE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEAN MADELINE, INC. 401(K) 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