Retirement plan

ZEP INC. 401(K) PLAN

Name: ZEP INC. - ZEP INC. 401(K) PLAN (2019) Form 5500
Creator: ZEP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZEP INC. 401(K) PLAN, ZEP INC.

ZEP INC.EIN 26-0783366Plan #007PY 2019

3330 CUMBERLAND BLVD, SUITE 700 - ATLANTA, GA 30339404-352-1680zep.comLinkedIn1001-5000 employeeschemicals

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 3, 2015 (most recent of 2 filings on file)

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)

$170.6M

+15.2% from 2018

Total participants

1,902

+1.6% from 2018

Average account balance

$96,453

+13.7% from 2018

Annual return

20.47%

+19.35 pp from 2018

Benchmarks

See 147 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort147 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$159.96M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

1,517

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 7 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$160,563
AFS ADVISORS, LLC4 years Filed as: AFS ADVISORS LLC Service code 28 · EIN 27-4398433	Investment Management	$45,000
INVESCO1 year Filed as: INVESCO ADVISERS INC Service code 28 · EIN 58-1707262	Investment Management	$31,362
WARREN AVERETT, LLC4 years Filed as: WARREN AVERETT LLC Service code 10 · EIN 45-4084437	Accounting	$14,250
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Other investment fees and expenses; S...	$8,342
PACIFIC PORTFOLIO CONSULTING1 year Filed as: PACIFIC PORTFOLIO CONSULTING L Service code 28 · EIN 91-1577578	Investment Management	$5,497
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
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

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

$258K

$177 / participant

Investment mgmt$84K32.8%
Other / not subdivided$173K67.2%

% of EOY assets

0.151%

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 AVERETTE CPAS AND ADVISORS
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,453

$127,218-24.2%

$392,568-75.4%

$77,775+24.0%

Participation rate

90.9%

82.0%+8.9pp

78.1%+12.8pp

73.2%+17.7pp

Annual return

20.47%

25.27%-4.8pp

24.42%-3.9pp

32.58%-12.1pp

Employer contribution / active EE

$1,467

$3,064-52.1%

$3,783-61.2%

$2,504-41.4%

Participant deferral / active EE

$4,578

$4,820-5.0%

$5,985-23.5%

$3,966+15.4%

Admin fee / account holder

$146

$89+63.8%

$6,260-97.7%

$100+45.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$160,563

AFS ADVISORS, LLC4 years

Filed as: AFS ADVISORS LLC

Service code 28 · EIN 27-4398433

Investment Management

$45,000

INVESCO1 year

Filed as: INVESCO ADVISERS INC

Service code 28 · EIN 58-1707262

Investment Management

$31,362

WARREN AVERETT, LLC4 years

Filed as: WARREN AVERETT LLC

Service code 10 · EIN 45-4084437

Accounting

$14,250

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Other investment fees and expenses; S...

$8,342

PACIFIC PORTFOLIO CONSULTING1 year

Filed as: PACIFIC PORTFOLIO CONSULTING L

Service code 28 · EIN 91-1577578

Investment Management

$5,497

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

Service code 59

Shareholder Servicing

ZEP INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZEP INC. 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