Retirement plan

PARADIES LAGARDERE 401(K) PLAN

Name: THE PARADIES SHOPS, LLC - PARADIES LAGARDERE 401(K) PLAN (2019) Form 5500
Creator: THE PARADIES SHOPS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARADIES LAGARDERE 401(K) PLAN, THE PARADIES SHOPS, LLC

THE PARADIES SHOPS, LLCEIN 58-0839094Plan #001PY 2019

2849 PACES FERRY ROAD, OVERLOOK I, SUITE 400 - ATLANTA, GA 30339404-344-7905

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed January 23, 2023 (most recent of 2 filings on file)

Plan administrator

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2849 Paces Ferry Road, Suite 400

Atlanta, GA 30339

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Plans declared (1)

Paradies Lagardere Non-Qualified Restorative Savings Plan111 emp

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Total assets (EOY)

$42.4M

+33.1% from 2018

Total participants

5,375

+8.5% from 2018

Average account balance

$18,386

+6.9% from 2018

Annual return

26.08%

+26.86 pp from 2018

Benchmarks

See 97 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort97 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.72M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

2,499

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.

24.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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 3 by compensation

Provider	Service type	Compensation
FINDLEY3 years Service code 15 · EIN 34-1213174	Recordkeeping	$83,815
IRA GROUP4+ years Service code 27 1180 WEST PEACHTREE STREET · ATLANTA, GA 30309	Advisory (Plan)	$37,500
MATRIX TRUST COMPANY4+ years Service code 21 2800 NORTH CENTRAL AVENUE · PHOENIX, AZ 85004	Bank Trustee	$24,461

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$148K

$30 / participant

Investment mgmt$38K25.4%
Contract admin$24K16.5%
Other / not subdivided$86K58.1%

% of EOY assets

0.349%

all-in expense ratio

Categories reported

2 / 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: WARREN AVERETT
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,386

$48,116-61.8%

$99,475-81.5%

$77,775-76.4%

Participation rate

37.0%

60.0%-23.0pp

73.8%-36.9pp

73.2%-36.2pp

Annual return

26.08%

23.23%+2.8pp

30.72%-4.6pp

32.58%-6.5pp

Employer contribution / active EE

$329

$1,057-68.8%

$2,540-87.0%

$2,504-86.8%

Participant deferral / active EE

$930

$2,238-58.4%

$3,619-74.3%

$3,966-76.5%

Admin fee / account holder

$64

$87-26.6%

$6,252-99.0%

$100-36.0%

Provider

Service type

Compensation

FINDLEY3 years

Service code 15 · EIN 34-1213174

Recordkeeping

$83,815

IRA GROUP4+ years

Service code 27

1180 WEST PEACHTREE STREET · ATLANTA, GA 30309

Advisory (Plan)

$37,500

MATRIX TRUST COMPANY4+ years

Service code 21

2800 NORTH CENTRAL AVENUE · PHOENIX, AZ 85004

Bank Trustee

$24,461

PARADIES LAGARDERE 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARADIES LAGARDERE 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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