Retirement plan

ASCENA RETAIL GROUP, INC. 401(K) SAVINGS PLAN

Name: ASCENA RETAIL GROUP, INC. - ASCENA RETAIL GROUP, INC. 401(K) SAVINGS PLAN (2018) Form 5500
Creator: ASCENA RETAIL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASCENA RETAIL GROUP, INC. 401(K) SAVINGS PLAN, ASCENA RETAIL GROUP, INC.

ASCENA RETAIL GROUP, INC.EIN 30-0641353Plan #002PY 2018

933 MACARTHUR BOULEVARD - MAHWAH, NJ 07430551-777-6923

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$361.2M

-17.4% from 2016

Total participants

19,556

-0.5% from 2016

Average account balance

$41,318

-26.1% from 2016

Annual return

1.80%

-8.03 pp from 2016

Benchmarks

See 94 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort94 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$382.64M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

5,500

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.

24.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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 10 of 13 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS4+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 21 · EIN 04-1867447	Bank Trustee	$646,275
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$381,098
THE CENTURION GROUP, LLC3 years Service code 27 · EIN 20-8394397	Advisory (Plan)	$84,398
COHN REZNICK LLP3 years Service code 10 · EIN 22-1478099	Accounting	$32,000
AMERICAN REALTY ADVISORS2 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK Service code 52 · EIN 04-3279774	Indirect Investment Fees	$0
PGIM INVESTMENTS2 years Service code 52 · EIN 13-4122960	Indirect Investment Fees	$0
PIMCO FUNDS2 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$498K

$28 / participant

Investment mgmt$84K16.9%
Contract admin$380K76.3%
Other / not subdivided$34K6.8%

% of EOY assets

0.138%

all-in expense ratio

Categories reported

2 / 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: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,318

$38,510+7.3%

$74,549-44.6%

$73,367-43.7%

Participation rate

38.8%

53.5%-14.7pp

69.1%-30.4pp

69.5%-30.7pp

Annual return

1.80%

-0.94%+2.7pp

32.54%-30.7pp

173.45%-171.7pp

Employer contribution / active EE

$857

$774+10.8%

$1,961-56.3%

$2,499-65.7%

Participant deferral / active EE

$1,623

$1,421+14.2%

$3,108-47.8%

$4,033-59.8%

Admin fee / account holder

$57

$52+9.7%

$5,059-98.9%

$68-16.6%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS4+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 21 · EIN 04-1867447

Bank Trustee

$646,275

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$381,098

THE CENTURION GROUP, LLC3 years

Service code 27 · EIN 20-8394397

Advisory (Plan)

$84,398

COHN REZNICK LLP3 years

Service code 10 · EIN 22-1478099

Accounting

$32,000

AMERICAN REALTY ADVISORS2 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-3151768

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-3279774

Indirect Investment Fees

PGIM INVESTMENTS2 years

Service code 52 · EIN 13-4122960

Indirect Investment Fees

PIMCO FUNDS2 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

ASCENA RETAIL GROUP, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASCENA RETAIL GROUP, INC. 401(K) SAVINGS 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