Retirement plan

ANDIS COMPANY AND ANDIS TOOL CORPORATION 401(K) PLAN

Name: ANDIS COMPANY - ANDIS COMPANY AND ANDIS TOOL CORPORATION 401(K) PLAN (2018) Form 5500
Creator: ANDIS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDIS COMPANY AND ANDIS TOOL CORPORATION 401(K) PLAN, ANDIS COMPANY

ANDIS COMPANYEIN 39-0131490Plan #003PY 2018

1800 RENAISSANCE BLVD. - STURTEVANT, WI 53177262-884-2600andis.comLinkedIn201-500 employeesconsumer goods

Other plans on this EIN

2 filings

#002Retirement-$10.4M assets #001Retirement-$2.4M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.8M

+2.8% from 2017

Total participants

700

+3.7% from 2017

Average account balance

$34,945

-1.9% from 2017

Annual return

1.02%

-20.77 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.47M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

581

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.32M

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

+11.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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 10 of 20 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27	Advisory (Plan)	$48,856
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-1140070	Contract Administrator	$6,543
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTAL LIFE INS COMPAN Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,285
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 93-0577450	Indirect Investment Fees	$0
DELAWARE INVESTMENTS2 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHSETTS MUTUAL LIFE INS. CO. Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTES MUTUAL LIFE INS. CO. Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D2S2T

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$10K

$16 / participant

Contract admin$10K100.0%

% of EOY assets

0.045%

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
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,945

$65,118-46.3%

$76,767-54.5%

$55,725-37.3%

Participation rate

87.6%

79.6%+8.0pp

77.0%+10.7pp

70.9%+16.8pp

Annual return

1.02%

-1.27%+2.3pp

2.43%-1.4pp

244.93%-243.9pp

Employer contribution / active EE

$870

$1,941-55.2%

$2,485-65.0%

$2,078-58.1%

Participant deferral / active EE

$3,212

$3,688-12.9%

$3,852-16.6%

$3,356-4.3%

Admin fee / account holder

$16

$116-86.4%

$6,675-99.8%

$115-86.3%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27

Advisory (Plan)

$48,856

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-1140070

Contract Administrator

$6,543

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTAL LIFE INS COMPAN

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,285

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 93-0577450

Indirect Investment Fees

DELAWARE INVESTMENTS2 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHSETTS MUTUAL LIFE INS. CO.

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTES MUTUAL LIFE INS. CO.

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 52

Indirect Investment Fees

ANDIS COMPANY AND ANDIS TOOL CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDIS COMPANY AND ANDIS TOOL CORPORATION 401(K) 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