Retirement plan

STYLE MELODY, INC 401(K) PROFIT SHARING PLAN & TRUST

Name: STYLE MELODY, INC - STYLE MELODY, INC 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: STYLE MELODY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STYLE MELODY, INC 401(K) PROFIT SHARING PLAN & TRUST, STYLE MELODY, INC

STYLE MELODY, INCEIN 46-1748576Plan #001PY 2019

5500 S BOYLE AVE - VERNON, CA 90058213-747-3757LinkedIn1-10 employeesconsumer goods

Other plans on this EIN

1 filing

#002Retirement-$135K assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$158K

No prior year

Total participants

No prior year

Average account balance

$4,268

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 9,366 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.15M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

110

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.

144.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1436

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2T3D2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 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.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,268

$58,493-92.7%

$84,021-94.9%

$72,975-94.2%

Participation rate

100.0%

61.2%+38.8pp

69.0%+31.0pp

69.5%+30.5pp

Annual return

0.00%

28.93%-28.9pp

71.32%-71.3pp

81.01%-81.0pp

Employer contribution / active EE

$4,268

$1,163+267.0%

$1,984+115.2%

$2,440+74.9%

Participant deferral / active EE

$2,394-100.0%

$3,239-100.0%

$3,608-100.0%

Admin fee / account holder

$4,569-100.0%

$6,102-100.0%

$5,124-100.0%

STYLE MELODY, INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

STYLE MELODY, INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion