Retirement plan

LUMINEX HOME DECOR & FRAGRANCE COMPANY 401(K) PLAN

Name: CANDLE-LITE COMPANY, LLC - LUMINEX HOME DECOR & FRAGRANCE COMPANY 401(K) PLAN (2017) Form 5500
Creator: CANDLE-LITE COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUMINEX HOME DECOR & FRAGRANCE COMPANY 401(K) PLAN, CANDLE-LITE COMPANY, LLC

CANDLE-LITE COMPANY, LLCEIN 46-3867345Plan #001PY 2017

10521 MILLINGTON CT - CINCINNATI, OH 452424022513-563-1113candle-lite.comLinkedIn51-200 employeesretail

Prospect flagsHigh feesHigh cashLow participationHigh assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$59.8M

+304.7% from 2016

Total participants

1,025

+100.2% from 2016

Average account balance

$256,651

+408.9% from 2016

Annual return

343.68%

+334.35 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.08M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

717

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.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

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

+11.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$174,248
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480	Other Services	$57,295
COHN REZNICK LLP1 year Service code 10 · EIN 22-1478099	Accounting	$17,800
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Service code 49 · EIN 13-5674085	Other Services	$8,575
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

7 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$193K

$293 / participant

Contract admin$174K90.4%
Other / not subdivided$19K9.6%

% of EOY assets

0.322%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$256,651

$75,284+240.9%

$91,004+182.0%

$69,631+268.6%

Participation rate

0.0%

80.4%-80.4pp

75.6%-75.6pp

70.7%-70.7pp

Annual return

343.68%

48.40%+295.3pp

4.60%+339.1pp

27571.02%-27227.3pp

Employer contribution / active EE

$374

$2,473-84.9%

$2,456-84.8%

$2,032-81.6%

Participant deferral / active EE

$2,342

$3,700-36.7%

$3,548-34.0%

$3,224-27.4%

Admin fee / account holder

$827

$111+648.2%

$5,417-84.7%

$110+649.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$174,248

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 49 · EIN 13-2808480

Other Services

$57,295

COHN REZNICK LLP1 year

Service code 10 · EIN 22-1478099

Accounting

$17,800

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Service code 49 · EIN 13-5674085

Other Services

$8,575

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

LUMINEX HOME DECOR & FRAGRANCE COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUMINEX HOME DECOR & FRAGRANCE COMPANY 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