Retirement plan

ABERCROMBIE & KENT USA, LLC 401K SAVINGS & BENEFIT PLAN

Name: ABERCROMBIE & KENT USA, LLC - ABERCROMBIE & KENT USA, LLC 401K SAVINGS & BENEFIT PLAN (2015) Form 5500
Creator: ABERCROMBIE & KENT USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABERCROMBIE & KENT USA, LLC 401K SAVINGS & BENEFIT PLAN, ABERCROMBIE & KENT USA, LLC

ABERCROMBIE & KENT USA, LLCEIN 36-2771967Plan #001PY 2015

1411 OPUS PLACE, EXECUTIVE TOWERS WEST II, STE 300 - DOWNERS GROVE, IL 60515630-725-3400LinkedIn201-500 employeesleisure, travel & tourism

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.2M

No prior year

Total participants

248

No prior year

Average account balance

$64,820

No prior year

Annual return

0.44%

No prior year

Benchmarks

See 938 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.59M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

472

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.18M

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

+15.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 3 by compensation

Provider	Service type	Compensation
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INC Service code 28 353 NORTH CLARK STREET · CHICAGO, IL 60654	Investment Management	$31,513
BMO HARRIS BANK NA1+ years Filed as: BMO HARRIS BANK N.A. Service code 15 · EIN 36-2085229	Recordkeeping	$31,311
AMERICAN UNITED LIFE INSURANCE CO1+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$16,187

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$79K

$380 / participant

Investment mgmt$32K39.9%
Other / not subdivided$47K60.1%

% of EOY assets

0.598%

all-in expense ratio

Categories reported

1 / 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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,820

$46,745+38.7%

$60,547+7.1%

$52,331+23.9%

Participation rate

78.8%

58.6%+20.3pp

68.0%+10.9pp

68.1%+10.7pp

Annual return

0.44%

0.61%-0.2pp

335.64%-335.2pp

4.54%-4.1pp

Employer contribution / active EE

$1,343

$1,259+6.7%

$2,419-44.5%

$1,882-28.6%

Participant deferral / active EE

$4,266

$2,145+98.9%

$3,328+28.2%

$3,022+41.2%

Admin fee / account holder

$387

$537-27.9%

$4,536-91.5%

$592-34.5%

Provider

Service type

Compensation

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INC

Service code 28

353 NORTH CLARK STREET · CHICAGO, IL 60654

Investment Management

$31,513

BMO HARRIS BANK NA1+ years

Filed as: BMO HARRIS BANK N.A.

Service code 15 · EIN 36-2085229

Recordkeeping

$31,311

AMERICAN UNITED LIFE INSURANCE CO1+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$16,187

ABERCROMBIE & KENT USA, LLC 401K SAVINGS & BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABERCROMBIE & KENT USA, LLC 401K SAVINGS & BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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