Retirement plan

SEACHANGE PRINTING & MARKETING SERVICES, LLC 401(K) PLAN

Name: SEACHANGE PRINTING & MARKETING SERVICES, LLC - SEACHANGE PRINTING & MARKETING SERVICES, LLC 401(K) PLAN (2022) Form 5500
Creator: SEACHANGE PRINTING & MARKETING SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEACHANGE PRINTING & MARKETING SERVICES, LLC 401(K) PLAN, SEACHANGE PRINTING & MARKETING SERVICES, LLC

SEACHANGE PRINTING & MARKETING SERVICES, LLCEIN 46-2885869Plan #001PY 2022

14505 27TH AVE N - PLYMOUTH, MN 55447800-355-6780

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

-7.7% from 2021

Total participants

150

+4.9% from 2021

Average account balance

$58,791

+6.2% from 2021

Annual return

-11.37%

-26.43 pp from 2021

Benchmarks

See 1,030 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,030 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.58M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

177

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.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN MOYNIHAN Service code 26 · EIN 43-1575390	Advisory (Participants)	$20,849
PISTL SERVICE CORPORATION2 years Service code 14 · EIN 43-1565836	Plan Administrator	$8,570

Plan features & details

Pension benefit codes2E2I2K2F2G3D2T

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.
2I
Stock bonus
Stock bonus plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$37K

$316 / participant

Investment mgmt$16K44.1%
Other / not subdivided$21K55.9%

% of EOY assets

0.533%

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: CONNER ASH P C.
Auditor EIN: 431012822
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,791

$58,320+0.8%

$86,438-32.0%

$66,938-12.2%

Participation rate

73.7%

78.6%-4.9pp

80.3%-6.6pp

69.8%+3.9pp

Annual return

-11.37%

-9.71%-1.7pp

4397.19%-4408.6pp

1.58%-12.9pp

Employer contribution / active EE

$1,121

$2,615-57.1%

$3,769-70.3%

$2,545-56.0%

Participant deferral / active EE

$6,324

$6,899-8.3%

$6,952-9.0%

$4,238+49.2%

Admin fee / account holder

$313

$546-42.6%

$6,733-95.3%

$594-47.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN MOYNIHAN

Service code 26 · EIN 43-1575390

Advisory (Participants)

$20,849

PISTL SERVICE CORPORATION2 years

Service code 14 · EIN 43-1565836

Plan Administrator

$8,570

SEACHANGE PRINTING & MARKETING SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEACHANGE PRINTING & MARKETING SERVICES, LLC 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