Retirement plan

THE TALBOTS, INC. RETIREMENT SAVINGS VOLUNTARY PLAN

Name: TALBOTS INC. - THE TALBOTS, INC. RETIREMENT SAVINGS VOLUNTARY PLAN (2015) Form 5500
Creator: TALBOTS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TALBOTS, INC. RETIREMENT SAVINGS VOLUNTARY PLAN, TALBOTS INC.

TALBOTS INC.EIN 41-1111318Plan #003PY 2015

ONE TALBOTS DRIVE - HINGHAM, MA 02043781-741-7784talbots.comLinkedIn5001-10000 employeesretail

Other plans on this EIN

1 filing

#001Retirement-$128.3M assets

Prospect flagsLow participationLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed September 13, 2006 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$131.9M

No prior year

Total participants

9,955

No prior year

Average account balance

$42,071

No prior year

Annual return

0.48%

No prior year

Benchmarks

See 52 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort52 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$236.65M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

4,226

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.

60.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.09M

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

+16.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$39,890
WILLIS TOWERS WATSON US LLC1+ years Filed as: TOWERS WATSON Service code 27 · EIN 58-1868818	Advisory (Plan)	$31,401
DAY PITNEY LLP1+ years Filed as: DAY PITNEY Service code 29 · EIN 06-0317480	Legal	$25,102
IBG FINANCIAL PARTNERS LLC1+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$15,850
MAYER HOFFMAN MCCANN P.C.1+ years Service code 10 · EIN 43-1947695	Accounting	$11,053

Plan features & details

Pension benefit codes2E2F2G2J2K3F3H2T

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$395K

$45 / participant

Other / not subdivided$395K100.0%

% of EOY assets

0.300%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,071

$30,072+39.9%

$64,105-34.4%

$67,505-37.7%

Participation rate

22.1%

59.4%-37.2pp

68.2%-46.1pp

71.2%-49.1pp

Annual return

0.48%

0.30%+0.2pp

791.24%-790.8pp

6.52%-6.0pp

Employer contribution / active EE

$134

$725-81.6%

$1,820-92.7%

$2,173-93.8%

Participant deferral / active EE

$781

$1,453-46.3%

$2,822-72.3%

$3,597-78.3%

Admin fee / account holder

$126

$62+102.7%

$4,499-97.2%

$56+124.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$39,890

WILLIS TOWERS WATSON US LLC1+ years

Filed as: TOWERS WATSON

Service code 27 · EIN 58-1868818

Advisory (Plan)

$31,401

DAY PITNEY LLP1+ years

Filed as: DAY PITNEY

Service code 29 · EIN 06-0317480

Legal

$25,102

IBG FINANCIAL PARTNERS LLC1+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$15,850

MAYER HOFFMAN MCCANN P.C.1+ years

Service code 10 · EIN 43-1947695

Accounting

$11,053

THE TALBOTS, INC. RETIREMENT SAVINGS VOLUNTARY PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TALBOTS, INC. RETIREMENT SAVINGS VOLUNTARY PLAN

Top hat statement on fileNQDC

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