Retirement plan

SONEPAR USA 401 (K) PLAN

Name: SONEPAR MANAGEMENT US, INC - SONEPAR USA 401 (K) PLAN (2021) Form 5500
Creator: SONEPAR MANAGEMENT US, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONEPAR USA 401 (K) PLAN, SONEPAR MANAGEMENT US, INC

SONEPAR MANAGEMENT US, INCEIN 23-2975775Plan #001PY 2021

4400 LEEDS AVE., SUITE 500 - CHARLESTON, SC 29405843-872-3500LinkedIn10001+ employeescomputer software

Prospect flagsLow returnsLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 28, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1137.4M

-16.7% from 2016

Total participants

13,467

-6.5% from 2016

Average account balance

$88,761

-9.1% from 2016

Annual return

12.29%

+58.95 pp from 2016

Benchmarks

See 33 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort33 peers

Snapshot2021

Participant deferral / active EE

$5,091

median $4,850

Employer contribution / active EE

$1,264

median $2,335

Participation rate

93.8%

median 90.4%

Avg account balance

$88,761

median $89,740

Admin fee / account holder

$76

median $60

Annual return

12.29%

median 15.49%

Overall peer rank

36of 100

36th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$1.21B

Average account balance

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

$91K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

13,380

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.1%

Contributions (total)

Employer and participant dollars contributed each year

$93.77M

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.17%

Admin fee / account holder

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

$80

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$703,883
CAPFINANCIAL PARTNERS LLC6 years Service code 28 · EIN 26-0058143	Investment Management	$206,000
WARREN AVERETT, LLC3 years Service code 10 · EIN 45-4084437	Accounting	$17,500
FISHER INVESTMENTS3 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$16,807
RETIREMENT CLEARINGHOUSE LLC7+ years Service code 28 · EIN 26-0008851	Investment Management	$11,136
ROSS PRINTING1 year Filed as: ROSS SALES ASSOCIATES INC Service code 28 · EIN 57-1077191	Investment Management	$10,682
CHARLES SCHWAB & CO., INC.7+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$3,404
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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 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.
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

$980K

$93 / participant

Investment mgmt$231K23.6%
Other / not subdivided$749K76.4%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,761

$107,401-17.4%

$146,649-39.5%

$106,520-16.7%

Participation rate

93.8%

78.6%+15.2pp

80.1%+13.7pp

71.3%+22.5pp

Annual return

12.29%

18.50%-6.2pp

22.75%-10.5pp

19.28%-7.0pp

Employer contribution / active EE

$1,264

$2,794-54.7%

$4,137-69.4%

$2,840-55.5%

Participant deferral / active EE

$5,091

$4,619+10.2%

$5,506-7.5%

$4,948+2.9%

Admin fee / account holder

$76

$65+18.2%

$10,281-99.3%

$75+2.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$703,883

CAPFINANCIAL PARTNERS LLC6 years

Service code 28 · EIN 26-0058143

Investment Management

$206,000

WARREN AVERETT, LLC3 years

Service code 10 · EIN 45-4084437

Accounting

$17,500

FISHER INVESTMENTS3 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$16,807

RETIREMENT CLEARINGHOUSE LLC7+ years

Service code 28 · EIN 26-0008851

Investment Management

$11,136

ROSS PRINTING1 year

Filed as: ROSS SALES ASSOCIATES INC

Service code 28 · EIN 57-1077191

Investment Management

$10,682

CHARLES SCHWAB & CO., INC.7+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$3,404

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

SONEPAR USA 401 (K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONEPAR USA 401 (K) PLAN

Top hat statement on fileNQDC

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