Retirement plan

THE SKIN INSTITUTE & DAY SPA 401(K) RETIREMENT PLAN

Name: THE SKIN INSTITUTE AND DAY SPA, INC - THE SKIN INSTITUTE & DAY SPA 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: THE SKIN INSTITUTE AND DAY SPA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SKIN INSTITUTE & DAY SPA 401(K) RETIREMENT PLAN, THE SKIN INSTITUTE AND DAY SPA, INC

THE SKIN INSTITUTE AND DAY SPA, INCEIN 39-1717756Plan #001PY 2020

327 EAST ST PAUL AVENUE 5TH FLOOR - MILWAUKEE, WI 53202414-227-2889LinkedIn201-500 employeesindividual & family services

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$5M

+9.4% from 2019

Total participants

256

-3.4% from 2019

Average account balance

$22,623

+6.5% from 2019

Annual return

14.11%

-8.52 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.27M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

265

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$588K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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
VOYA RETIREMENT INSURANCE & ANNUITY6+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$4,789
BENEFITS, INC.6+ years Service code 22 · EIN 39-1458932	Insurance Broker	$3,396
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA ADVISOR NETWORKS Service code 99 · EIN 95-3845382	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$48 / participant

Investment mgmt$2K23.1%
Contract admin$6K76.9%

% of EOY assets

0.166%

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: WIPFLI LLP
Auditor EIN: 390958449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,623

$66,124-65.8%

$90,430-75.0%

$73,493-69.2%

Participation rate

80.9%

69.7%+11.3pp

72.7%+8.2pp

70.7%+10.2pp

Annual return

14.11%

17.65%-3.5pp

1293.73%-1279.6pp

28.51%-14.4pp

Employer contribution / active EE

$163

$2,346-93.1%

$3,262-95.0%

$2,270-92.8%

Participant deferral / active EE

$2,367

$3,039-22.1%

$3,963-40.3%

$3,740-36.7%

Admin fee / account holder

$38

$396-90.5%

$5,613-99.3%

$513-92.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY6+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$4,789

BENEFITS, INC.6+ years

Service code 22 · EIN 39-1458932

Insurance Broker

$3,396

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA ADVISOR NETWORKS

Service code 99 · EIN 95-3845382

Other Fees

THE SKIN INSTITUTE & DAY SPA 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SKIN INSTITUTE & DAY SPA 401(K) RETIREMENT 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