Retirement plan

PROFIT SHARING OWNERSHIP & SAVINGS PLAN OF HALLMARK CARDS, INC.

Name: HALLMARK CARDS, INC. - PROFIT SHARING OWNERSHIP & SAVINGS PLAN OF HALLMARK CARDS, INC. (2016) Form 5500
Creator: HALLMARK CARDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING OWNERSHIP & SAVINGS PLAN OF HALLMARK CARDS, INC., HALLMARK CARDS, INC.

HALLMARK CARDS, INC.EIN 44-0272180Plan #001PY 2016

2501 MCGEE TRAFFICWAY - KANSAS CITY, MO 64108816-274-4143hallmark.comLinkedIn10001+ employeesretail

Other plans on this EIN

4 filings

#002Retirement-$543.5M assets #006Retirement-$293.6M assets #005Retirement-$54.3M assets #008Retirement--

Prospect flagsLow returnsHigh assets / participantFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 26, 2002 (most recent of 8 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)

$2380.4M

+2.0% from 2016

Total participants

8,931

+5.4% from 2016

Average account balance

$275,284

+0.9% from 2016

Annual return

5.14%

-4.07 pp from 2016

Benchmarks

See 36 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort36 peers

Snapshot2016

Participant deferral / active EE

$5,870

median $3,556

Employer contribution / active EE

$4,257

median $1,576

Participation rate

94.8%

median 90.2%

100

Avg account balance

$275,284

median $59,497

Admin fee / account holder

$238

median $32

Annual return

5.14%

median 8.98%

Overall peer rank

60of 100

60th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$2.01B

Average account balance

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

$253K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

7,951

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.2%

Contributions (total)

Employer and participant dollars contributed each year

$54.61M

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.68%

Admin fee / account holder

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

$133

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS2+ years Filed as: STATE STREET BANK & TRUST Service code 18 · EIN 04-1867445	Custodial (securities); Soft dollars ...	$1,040,904
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIF AND ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$495,753
EVERCORE TRUST COMPANY2+ years Service code 21 · EIN 26-4691954	Bank Trustee	$355,981
DUFF & PHELPS, LLC2+ years Filed as: DUFF & PHELPS Service code 34 · EIN 36-4090666	Direct payment from the plan; Valuati...	$78,550
RUBINBROWN LLP2+ years Filed as: RUBINBROWN, LLP Service code 10 · EIN 43-0765316	Accounting	$32,005
KOHLBERG & ASSOCIATES2+ years Service code 16 · EIN 20-1147041	Consulting	$22,288
CALLAN ASSOCIATES1 year Filed as: CALLAN ASSOCIATES, INC. Service code 16 · EIN 94-2192581	Consulting	$18,633
HUSCH BLACKWELL1 year Service code 29 · EIN 26-1688286	Legal	$13,353

Plan features & details

Pension benefit codes2E3H2F2H2J2K2S2T3I3F

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$378 / participant

Investment mgmt$19K0.9%
Other / not subdivided$2M99.1%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$275,284

$70,961+287.9%

$108,582+153.5%

$65,292+321.6%

Participation rate

94.8%

80.9%+13.9pp

79.6%+15.2pp

72.4%+22.4pp

Annual return

5.14%

10.24%-5.1pp

-51.70%+56.8pp

11.84%-6.7pp

Employer contribution / active EE

$4,257

$1,833+132.2%

$3,758+13.3%

$2,302+84.9%

Participant deferral / active EE

$5,870

$3,662+60.3%

$4,311+36.2%

$3,579+64.0%

Admin fee / account holder

$238

$43+459.5%

$7,645-96.9%

$57+315.5%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS2+ years

Filed as: STATE STREET BANK & TRUST

Service code 18 · EIN 04-1867445

Custodial (securities); Soft dollars ...

$1,040,904

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIF AND ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$495,753

EVERCORE TRUST COMPANY2+ years

Service code 21 · EIN 26-4691954

Bank Trustee

$355,981

DUFF & PHELPS, LLC2+ years

Filed as: DUFF & PHELPS

Service code 34 · EIN 36-4090666

Direct payment from the plan; Valuati...

$78,550

RUBINBROWN LLP2+ years

Filed as: RUBINBROWN, LLP

Service code 10 · EIN 43-0765316

Accounting

$32,005

KOHLBERG & ASSOCIATES2+ years

Service code 16 · EIN 20-1147041

Consulting

$22,288

CALLAN ASSOCIATES1 year

Filed as: CALLAN ASSOCIATES, INC.

Service code 16 · EIN 94-2192581

Consulting

$18,633

HUSCH BLACKWELL1 year

Service code 29 · EIN 26-1688286

Legal

$13,353

PROFIT SHARING OWNERSHIP & SAVINGS PLAN OF HALLMARK CARDS, INC.

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING OWNERSHIP & SAVINGS PLAN OF HALLMARK CARDS, INC.

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