Retirement plan

L BRANDS, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Name: L BRANDS SERVICE COMPANY LLC - L BRANDS, INC. 401(K) SAVINGS AND RETIREMENT PLAN (2016) Form 5500
Creator: L BRANDS SERVICE COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L BRANDS, INC. 401(K) SAVINGS AND RETIREMENT PLAN, L BRANDS SERVICE COMPANY LLC

L BRANDS SERVICE COMPANY LLCEIN 31-1048997Plan #002PY 2016

THREE LIMITED PARKWAY - COLUMBUS, OH 432301467614-415-7000LinkedIn10001+ employeesretail

Other plans on this EIN

1 filing

#003Retirement-$155K assets

Prospect flagsLow returnsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed July 23, 2002 (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)

$1327.7M

-1.5% from 2015

Total participants

41,846

+6.2% from 2015

Average account balance

$46,056

-4.2% from 2015

Annual return

-2.01%

-6.25 pp from 2015

Benchmarks

See 90 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort90 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.22B

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

22,668

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.

55.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO N.A. Service code 15 · EIN 94-1347393	Recordkeeping	$1,476,699
AON CONSULTING2+ years Service code 15 · EIN 22-2232264	Recordkeeping	$322,104
INVESCO2+ years Service code 49 · EIN 56-1707262	Other Services	$249,381
ERNST & YOUNG LLP2+ years Service code 10 · EIN 34-6565596	Accounting	$72,000
ARY ROEPCKE MULCHAEY, P.C.2+ years Filed as: ARY ROEPCKE MULCHAEY Service code 10 · EIN 52-2370901	Accounting	$35,610
JONES DAY2+ years Service code 22 · EIN 34-0319085	Insurance Broker	$2,227

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.2M

$67 / participant

Investment mgmt$196K9.1%
Contract admin$1M68.4%
Other / not subdivided$486K22.5%

% of EOY assets

0.163%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ERNST & YOUNG, LLC
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,056

$38,963+18.2%

$71,796-35.9%

$329,111-86.0%

Participation rate

59.7%

53.8%+6.0pp

69.1%-9.4pp

67.9%-8.1pp

Annual return

-2.01%

9.85%-11.9pp

78.04%-80.0pp

16.35%-18.4pp

Employer contribution / active EE

$2,077

$758+174.0%

$1,924+7.9%

$2,303-9.8%

Participant deferral / active EE

$1,423

$1,286+10.6%

$2,794-49.1%

$3,682-61.4%

Admin fee / account holder

$75

$50+48.3%

$4,815-98.4%

$754-90.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO N.A.

Service code 15 · EIN 94-1347393

Recordkeeping

$1,476,699

AON CONSULTING2+ years

Service code 15 · EIN 22-2232264

Recordkeeping

$322,104

INVESCO2+ years

Service code 49 · EIN 56-1707262

Other Services

$249,381

ERNST & YOUNG LLP2+ years

Service code 10 · EIN 34-6565596

Accounting

$72,000

ARY ROEPCKE MULCHAEY, P.C.2+ years

Filed as: ARY ROEPCKE MULCHAEY

Service code 10 · EIN 52-2370901

Accounting

$35,610

JONES DAY2+ years

Service code 22 · EIN 34-0319085

Insurance Broker

$2,227

L BRANDS, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L BRANDS, INC. 401(K) SAVINGS AND RETIREMENT 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