Retirement plan

PREMIUM BRANDS SERVICES LLC 401(K) SAVINGS PLAN

Name: PREMIUM BRANDS SERVICES LLC - PREMIUM BRANDS SERVICES LLC 401(K) SAVINGS PLAN (2020) Form 5500
Creator: PREMIUM BRANDS SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIUM BRANDS SERVICES LLC 401(K) SAVINGS PLAN, PREMIUM BRANDS SERVICES LLC

PREMIUM BRANDS SERVICES LLCEIN 30-0641353Plan #002PY 2020

933 MACARTHUR BOULEVARD - MAHWAH, NJ 07430551-777-6700

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$382.8M

-17.4% from 2016

Total participants

11,436

-0.5% from 2016

Average account balance

$60,350

-26.1% from 2016

Annual return

12.92%

-8.03 pp from 2016

Benchmarks

See 63 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort63 peers

Snapshot2020

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 15 by compensation

Provider	Service type	Compensation
RTC1 year Service code 21 · EIN 58-1428634	Bank Trustee	$812,848
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$429,887
FIDUCIARY PLAN CONSULTANTS LLC2 years Filed as: FIDUCIARY PLAN CONSULTANTS, LLC Service code 27 · EIN 47-1186155	Advisory (Plan)	$70,000
COHN REZNICK LLP5 years Service code 10 · EIN 22-1478099	Accounting	$44,500
DAVIS WRIGHT TREMAINE1 year Filed as: DAVIS & GILBERT LLP Service code 10 · EIN 13-1504385	Accounting	$10,478
AMERICAN CENTURY2 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 06-1194217	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
JANUS HENDERSON2 years Service code 52 · EIN 84-0592523	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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$551K

$64 / participant

Investment mgmt$75K13.7%
Contract admin$409K74.3%
Other / not subdivided$67K12.1%

% of EOY assets

0.144%

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: COHN REZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,350

$40,984+47.3%

$90,974-33.7%

$93,223-35.3%

Participation rate

40.5%

59.7%-19.2pp

69.0%-28.5pp

74.9%-34.4pp

Annual return

12.92%

17.56%-4.6pp

134.60%-121.7pp

19.29%-6.4pp

Employer contribution / active EE

$413

$840-50.8%

$2,122-80.5%

$2,680-84.6%

Participant deferral / active EE

$1,945

$1,856+4.8%

$3,373-42.3%

$4,563-57.4%

Admin fee / account holder

$87

$75+15.6%

$5,961-98.5%

$79+9.7%

Provider

Service type

Compensation

RTC1 year

Service code 21 · EIN 58-1428634

Bank Trustee

$812,848

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$429,887

FIDUCIARY PLAN CONSULTANTS LLC2 years

Filed as: FIDUCIARY PLAN CONSULTANTS, LLC

Service code 27 · EIN 47-1186155

Advisory (Plan)

$70,000

COHN REZNICK LLP5 years

Service code 10 · EIN 22-1478099

Accounting

$44,500

DAVIS WRIGHT TREMAINE1 year

Filed as: DAVIS & GILBERT LLP

Service code 10 · EIN 13-1504385

Accounting

$10,478

AMERICAN CENTURY2 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 06-1194217

Indirect Investment Fees

FRANKLIN TEMPLETON4 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-2573775

Indirect Investment Fees

JANUS HENDERSON2 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

PREMIUM BRANDS SERVICES LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIUM BRANDS SERVICES LLC 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