Retirement plan

PLAYCORE 401(K) PLAN

Name: PLAYCORE, INC. - PLAYCORE 401(K) PLAN (2019) Form 5500
Creator: PLAYCORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLAYCORE 401(K) PLAN, PLAYCORE, INC.

PLAYCORE, INC.EIN 39-1720480Plan #001PY 2019

544 CHESTNUT STREET - CHATTANOOGA, TN 37402423-648-5603chattem.comLinkedIn501-1000 employeesconsumer goods

Prospect flagsLow participationFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$95.9M

+23.7% from 2018

Total participants

2,223

-0.0% from 2018

Average account balance

$67,556

+27.3% from 2018

Annual return

21.98%

+6.82 pp from 2018

Benchmarks

See 822 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort822 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$146.09M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

3,458

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.

57.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.21M

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

+20.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850	Other Services	$61,009
LBMC, PC5+ years Service code 10 · EIN 62-1199757	Accounting	$27,300
MMA SECURITIES LLC5+ years Filed as: MMC SECURITIES CORP Service code 27 · EIN 06-1685865	Advisory (Plan)	$13,750
AB FUNDS3 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA3 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
HARRIS3 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 84-1501338	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NORTHERN FUNDS3 years Service code 52 · EIN 36-3608252	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$102K

$50 / participant

Investment mgmt$37K36.7%
Contract admin$36K35.4%
Other / not subdivided$28K27.9%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

2 / 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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,556

$105,173-35.8%

$87,104-22.4%

$77,775-13.1%

Participation rate

60.4%

85.8%-25.3pp

76.9%-16.4pp

73.2%-12.8pp

Annual return

21.98%

24.52%-2.5pp

28.19%-6.2pp

32.58%-10.6pp

Employer contribution / active EE

$1,509

$2,890-47.8%

$2,521-40.2%

$2,504-39.7%

Participant deferral / active EE

$2,667

$5,048-47.2%

$4,048-34.1%

$3,966-32.8%

Admin fee / account holder

$72

$105-31.3%

$7,491-99.0%

$100-28.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

Other Services

$61,009

LBMC, PC5+ years

Service code 10 · EIN 62-1199757

Accounting

$27,300

MMA SECURITIES LLC5+ years

Filed as: MMC SECURITIES CORP

Service code 27 · EIN 06-1685865

Advisory (Plan)

$13,750

AB FUNDS3 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA3 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

HARRIS3 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 84-1501338

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NORTHERN FUNDS3 years

Service code 52 · EIN 36-3608252

Indirect Investment Fees

PLAYCORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLAYCORE 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