Retirement plan

KENDRA SCOTT 401(K) PLAN

Name: KENDRA SCOTT, LLC - KENDRA SCOTT 401(K) PLAN (2021) Form 5500
Creator: KENDRA SCOTT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENDRA SCOTT 401(K) PLAN, KENDRA SCOTT, LLC

KENDRA SCOTT, LLCEIN 47-4456300Plan #001PY 2021

3800 NORTH LAMAR BLVD., SUITE 400 - AUSTIN, TX 78756512-879-3382kendrascott.comLinkedIn1001-5000 employeesluxury goods & jewelry

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$17.7M

+30.9% from 2020

Total participants

1,452

+27.6% from 2020

Average account balance

$19,111

+52.6% from 2020

Annual return

18.69%

-1.42 pp from 2020

Benchmarks

See 277 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort277 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.58M

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.

887

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.

32.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.37M

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

+20.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$50,588
PENSIONMARK FINANCIAL GROUP LLC4 years Service code 27 · EIN 61-1758632	Advisory (Plan)	$35,583
ADMINISTRATIVE FIDUCIARY SERVICES3 years Service code 99 10777 NORTHWEST FWY · HOUSTON, TX 77092	Other Fees	$12,531
HOLTZMAN PARTNERS, LLP1 year Filed as: HOLTZMAN PARTNERS LLP Service code 10 · EIN 74-3121060	Accounting	$12,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,578
NOVA 401(K) ASSOCIATES5 years Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458	Recordkeeping	$5,838
NOVA 401(K) ASSOCIATES4 years Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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).

Expense breakdown

Schedule H Part II

Admin total

$122K

$114 / participant

Investment mgmt$122K100.0%

% of EOY assets

0.690%

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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,111

$91,746-79.2%

$146,643-87.0%

$93,010-79.5%

Participation rate

50.5%

80.9%-30.4pp

80.1%-29.6pp

73.9%-23.4pp

Annual return

18.69%

18.28%+0.4pp

22.75%-4.1pp

158.70%-140.0pp

Employer contribution / active EE

$1,422

$2,815-49.5%

$4,137-65.6%

$2,705-47.4%

Participant deferral / active EE

$2,327

$4,589-49.3%

$5,506-57.7%

$4,561-49.0%

Admin fee / account holder

$132

$101+30.3%

$10,280-98.7%

$152-13.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$50,588

PENSIONMARK FINANCIAL GROUP LLC4 years

Service code 27 · EIN 61-1758632

Advisory (Plan)

$35,583

ADMINISTRATIVE FIDUCIARY SERVICES3 years

Service code 99

10777 NORTHWEST FWY · HOUSTON, TX 77092

Other Fees

$12,531

HOLTZMAN PARTNERS, LLP1 year

Filed as: HOLTZMAN PARTNERS LLP

Service code 10 · EIN 74-3121060

Accounting

$12,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,578

NOVA 401(K) ASSOCIATES5 years

Filed as: NOVA 401(K) ASSOCIATES LP

Service code 15 · EIN 20-1181458

Recordkeeping

$5,838

NOVA 401(K) ASSOCIATES4 years

Service code 13

Contract Administrator

KENDRA SCOTT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENDRA SCOTT 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