Retirement plan

GARMONT INTERNATIONAL NORTH AMERICA, INC 401K PLAN

Name: GARMONT INTERNATIONAL NORTH AMERICA, INC - GARMONT INTERNATIONAL NORTH AMERICA, INC 401K PLAN (2021) Form 5500
Creator: GARMONT INTERNATIONAL NORTH AMERICA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARMONT INTERNATIONAL NORTH AMERICA, INC 401K PLAN, GARMONT INTERNATIONAL NORTH AMERICA, INC

GARMONT INTERNATIONAL NORTH AMERICA, INCEIN 47-2271129Plan #001PY 2021

100 CONNELL DRIVE 2ND FLOOR - BERKLEY HEIGHTS, NJ 07922603-658-0382garmonttactical.comLinkedIn1-10 employeesapparel & fashion

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$58K

+49.4% from 2020

Total participants

0.0% from 2020

Average account balance

$14,472

-25.3% from 2020

Annual return

20.59%

+29.67 pp from 2020

Benchmarks

See 22,588 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,588 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$206K

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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 codes2E2F2G2J2T3D

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.
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.

Expense breakdown

Schedule H Part II

Admin total

$202

$51 / participant

Other / not subdivided$202100.0%

% of EOY assets

0.349%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$14,472

$176,786-91.8%

$146,643-90.1%

$167,536-91.4%

Participation rate

75.0%

83.6%-8.6pp

80.1%-5.1pp

82.1%-7.1pp

Annual return

20.59%

24.04%-3.4pp

22.75%-2.2pp

478.82%-458.2pp

Employer contribution / active EE

$1,179

$5,161-77.2%

$4,137-71.5%

$4,839-75.6%

Participant deferral / active EE

$1,630

$6,440-74.7%

$5,506-70.4%

$6,342-74.3%

Admin fee / account holder

$51

$13,262-99.6%

$10,280-99.5%

$12,315-99.6%

GARMONT INTERNATIONAL NORTH AMERICA, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARMONT INTERNATIONAL NORTH AMERICA, INC 401K 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