Retirement plan

DEMPSEY UNIFORM AND LINEN SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Name: DEMPSEY UNIFORM AND LINEN SUPPLY, I NC. - DEMPSEY UNIFORM AND LINEN SUPPLY, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: DEMPSEY UNIFORM AND LINEN SUPPLY, I NC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEMPSEY UNIFORM AND LINEN SUPPLY, INC. 401(K) PROFIT SHARING PLAN, DEMPSEY UNIFORM AND LINEN SUPPLY, I NC.

DEMPSEY UNIFORM AND LINEN SUPPLY, I NC.EIN 23-1663147Plan #001PY 2018

1200 MID VALLEY DRIVE - JESSUP, PA 18434570-307-2300LinkedIn201-500 employeesretail

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed January 8, 2024

Plan administrator

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1200 Mid Valley Drive

Jessup, PA 18434

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Plans declared (1)

Dempsey Uniform & Linen Supply, Inc. Supplemental Executive Retirement Plan4 emp

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Total assets (EOY)

$20.4M

-14.0% from 2017

Total participants

372

-4.9% from 2017

Average account balance

$59,836

-6.4% from 2017

Annual return

-4.64%

-20.40 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.43M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

417

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$321

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 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK TRUST COMPANY LLC Service code 15 · EIN 80-0709115	Recordkeeping	$106,576
ALLIANCE PENSION CONSULTANTS, LLC2 years Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 17 · EIN 23-3044062	Pension Consulting	$8,646

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$115K

$346 / participant

Contract admin$115K100.0%

% of EOY assets

0.565%

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: THE GATTUSO GROUP, INC
Auditor EIN: 203907569
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,836

$35,485+68.6%

$74,551-19.7%

$55,725+7.4%

Participation rate

90.7%

62.5%+28.2pp

69.1%+21.5pp

70.9%+19.8pp

Annual return

-4.64%

0.72%-5.4pp

32.53%-37.2pp

244.93%-249.6pp

Employer contribution / active EE

$1,518

$777+95.3%

$1,961-22.6%

$2,078-27.0%

Participant deferral / active EE

$2,457

$2,181+12.7%

$3,108-21.0%

$3,356-26.8%

Admin fee / account holder

$338

$114+195.5%

$5,059-93.3%

$115+193.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK TRUST COMPANY LLC

Service code 15 · EIN 80-0709115

Recordkeeping

$106,576

ALLIANCE PENSION CONSULTANTS, LLC2 years

Filed as: THE PARAGON ALLIANCE GROUP, LLC

Service code 17 · EIN 23-3044062

Pension Consulting

$8,646

DEMPSEY UNIFORM AND LINEN SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEMPSEY UNIFORM AND LINEN SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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