Retirement plan

ANIXTER CENTER INCENTIVE SAVINGS PLAN

Name: LESTER AND ROSALIE ANIXTER CENTER - ANIXTER CENTER INCENTIVE SAVINGS PLAN (2020) Form 5500
Creator: LESTER AND ROSALIE ANIXTER CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANIXTER CENTER INCENTIVE SAVINGS PLAN, LESTER AND ROSALIE ANIXTER CENTER

LESTER AND ROSALIE ANIXTER CENTEREIN 36-2244895Plan #001PY 2020

6610 N. CLARK ST. - CHICAGO, IL 60626773-973-7900

Other plans on this EIN

1 filing

#002Retirement-$4.9M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$7.7M

+16.4% from 2019

Total participants

334

+3.7% from 2019

Average account balance

$26,422

+2.1% from 2019

Annual return

17.94%

-1.38 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.36M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

209

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$500K

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

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$351

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
BDO USA, LLP1 year Service code 10 · EIN 13-5381590	Accounting	$16,800
HOWARD SIMON & ASSOCIATES, INC.6+ years Service code 15 304 SAUNDERS ROAD · RIVERWOODS IL, IL 60015	Recordkeeping	$15,638
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL Service code 26 353 NORTH CLARK STREET · CHICAGO, IL 60654	Advisory (Participants)	$10,973

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$46K

$272 / participant

Other / not subdivided$46K100.0%

% of EOY assets

0.598%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,422

$58,888-55.1%

$178,499-85.2%

$73,493-64.0%

Participation rate

75.9%

66.2%+9.6pp

81.9%-6.0pp

70.7%+5.2pp

Annual return

17.94%

24.86%-6.9pp

151.10%-133.2pp

28.51%-10.6pp

Employer contribution / active EE

$2,236-100.0%

$5,011-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,967

$2,568-23.4%

$5,202-62.2%

$3,740-47.4%

Admin fee / account holder

$158

$400-60.5%

$13,986-98.9%

$513-69.2%

Provider

Service type

Compensation

BDO USA, LLP1 year

Service code 10 · EIN 13-5381590

Accounting

$16,800

HOWARD SIMON & ASSOCIATES, INC.6+ years

Service code 15

304 SAUNDERS ROAD · RIVERWOODS IL, IL 60015

Recordkeeping

$15,638

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL

Service code 26

353 NORTH CLARK STREET · CHICAGO, IL 60654

Advisory (Participants)

$10,973

ANIXTER CENTER INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANIXTER CENTER INCENTIVE 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