Retirement plan

THE TALBOTS, INC. RETIREMENT SAVINGS 401(K) PLAN

Name: THE TALBOTS, INC. - THE TALBOTS, INC. RETIREMENT SAVINGS 401(K) PLAN (2018) Form 5500
Creator: THE TALBOTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TALBOTS, INC. RETIREMENT SAVINGS 401(K) PLAN, THE TALBOTS, INC.

THE TALBOTS, INC.EIN 41-1111318Plan #003PY 2018

ONE TALBOTS DRIVE - HINGHAM, MA 02043781-749-7600talbots.comLinkedIn5001-10000 employeesretail

Other plans on this EIN

1 filing

#001Retirement-$91.4M 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)

$145.8M

-3.7% from 2016

Total participants

7,699

-1.5% from 2016

Average account balance

$38,782

-2.6% from 2016

Annual return

-3.62%

-7.99 pp from 2016

Benchmarks

See 53 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort53 peers

Snapshot2018

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

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$346,012
IBG FINANCIAL PARTNERS LLC4+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$94,377
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN, P.C. Service code 10 · EIN 43-1947695	Accounting	$19,832
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BAIRD FUNDS2 years Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
LAZARD ASSET MANAGEMENT2 years Filed as: LAZARD Service code 52 · EIN 20-0169148	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$467K

$69 / participant

Investment mgmt$346K74.2%
Contract admin$93K20.0%
Other / not subdivided$27K5.8%

% of EOY assets

0.320%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,782

$32,284+20.1%

$74,549-48.0%

$68,904-43.7%

Participation rate

41.3%

58.1%-16.7pp

69.1%-27.8pp

74.1%-32.8pp

Annual return

-3.62%

-4.24%+0.6pp

32.54%-36.2pp

1.07%-4.7pp

Employer contribution / active EE

$182

$782-76.7%

$1,961-90.7%

$2,540-92.8%

Participant deferral / active EE

$1,243

$1,518-18.1%

$3,108-60.0%

$4,015-69.0%

Admin fee / account holder

$124

$72+72.1%

$5,059-97.5%

$71+74.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$346,012

IBG FINANCIAL PARTNERS LLC4+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$94,377

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN, P.C.

Service code 10 · EIN 43-1947695

Accounting

$19,832

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BAIRD FUNDS2 years

Service code 52 · EIN 39-6037917

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 36-3376651

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

LAZARD ASSET MANAGEMENT2 years

Filed as: LAZARD

Service code 52 · EIN 20-0169148

Indirect Investment Fees

THE TALBOTS, INC. RETIREMENT SAVINGS 401(K) 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 401(K) 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