Retirement plan

RETAIL MERCHANDISING SERVICES, INC. 401(K) PLAN

Name: RETAIL MERCHANDISING SERVICES, INC. - RETAIL MERCHANDISING SERVICES, INC. 401(K) PLAN (2020) Form 5500
Creator: RETAIL MERCHANDISING SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETAIL MERCHANDISING SERVICES, INC. 401(K) PLAN, RETAIL MERCHANDISING SERVICES, INC.

RETAIL MERCHANDISING SERVICES, INC.EIN 41-1514566Plan #002PY 2020

8801 BROOKLYN BOULEVARD - BROOKLYN PARK, MN 55445763-553-7732rmservicing.comLinkedIn1001-5000 employeesretail

Prospect flagsLow assets / participantLow participant contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+31.9% from 2019

Total participants

187

+16.1% from 2019

Average account balance

$20,983

-22.0% from 2019

Annual return

15.54%

-2.06 pp from 2019

Benchmarks

See 909 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort909 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

428

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$922K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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 4 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES Service code 99 · EIN 47-1566880	Other Fees	$8,829
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 99	Other Fees	$1,751
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES Service code 49 · EIN 45-0514557 P.O. BOX 55757 · BOSTON, MA 02205	Other Services	$0
NFP RETIREMENT INC2 years Filed as: NFP RETIREMENT INC. Service code 99 · EIN 33-0901543	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2J2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$24K

$149 / participant

Contract admin$24K100.0%

% of EOY assets

0.733%

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: CUMMINGS, KEEGAN & CO., P.L.L.P.
Auditor EIN: 411227298
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,983

$66,813-68.6%

$100,535-79.1%

$73,497-71.5%

Participation rate

79.2%

77.5%+1.8pp

79.4%-0.2pp

70.7%+8.6pp

Annual return

15.54%

25.70%-10.2pp

30.90%-15.4pp

28.51%-13.0pp

Employer contribution / active EE

$1,625

$2,147-24.3%

$3,419-52.5%

$2,270-28.4%

Participant deferral / active EE

$1,367

$5,883-76.8%

$6,271-78.2%

$3,740-63.5%

Admin fee / account holder

$154

$512-70.0%

$8,085-98.1%

$513-70.0%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES

Service code 99 · EIN 47-1566880

Other Fees

$8,829

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 99

Other Fees

$1,751

GOLDLEAF PARTNERS1 year

Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES

Service code 49 · EIN 45-0514557

P.O. BOX 55757 · BOSTON, MA 02205

Other Services

NFP RETIREMENT INC2 years

Filed as: NFP RETIREMENT INC.

Service code 99 · EIN 33-0901543

Other Fees

RETAIL MERCHANDISING SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETAIL MERCHANDISING SERVICES, INC. 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