Retirement plan

J.C. NEWMAN CIGAR EMPLOYEES SAVINGS PLAN

Name: J.C. NEWMAN CIGAR COMPANY - J.C. NEWMAN CIGAR EMPLOYEES SAVINGS PLAN (2020) Form 5500
Creator: J.C. NEWMAN CIGAR COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J.C. NEWMAN CIGAR EMPLOYEES SAVINGS PLAN, J.C. NEWMAN CIGAR COMPANY

J.C. NEWMAN CIGAR COMPANYEIN 59-0884171Plan #002PY 2020

2701 N. 16TH STREET - TAMPA, FL 33605813-248-2124jcnewman.comLinkedIn51-200 employeestobacco

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed December 31, 2008

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$16.5M

+23.9% from 2019

Total participants

152

+1.3% from 2019

Average account balance

$114,537

+23.0% from 2019

Annual return

16.78%

-1.67 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$28.48M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

195

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$396

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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Service code 49 · EIN 04-1590850	Other Services	$62,065
EDWARD JONES4 years Service code 27 · EIN 43-0345811	Advisory (Plan)	$26,071
AMERICAN FUNDS4 years Service code 52 · EIN 95-2482877	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS4 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
DWS FUNDS3 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Service code 28 · EIN 61-1732930	Investment Management	$0
NEUBERGER BERMAN4 years Service code 52 · EIN 13-6068441	Indirect Investment Fees	$0
PIMCO FUNDS4 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
TIAA4 years Filed as: TIAA-CREF Service code 52 · EIN 13-4055167	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$88K

$616 / participant

Investment mgmt$87K98.6%
Contract admin$1K1.4%

% of EOY assets

0.534%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,537

$54,590+109.8%

$81,930+39.8%

$73,488+55.9%

Participation rate

94.4%

68.3%+26.1pp

72.0%+22.4pp

70.7%+23.7pp

Annual return

16.78%

17.74%-1.0pp

29.49%-12.7pp

28.51%-11.7pp

Employer contribution / active EE

$2,849

$1,636+74.1%

$4,310-33.9%

$2,270+25.5%

Participant deferral / active EE

$6,039

$2,759+118.9%

$7,107-15.0%

$3,740+61.5%

Admin fee / account holder

$612

$592+3.4%

$5,158-88.1%

$513+19.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Service code 49 · EIN 04-1590850

Other Services

$62,065

EDWARD JONES4 years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$26,071

AMERICAN FUNDS4 years

Service code 52 · EIN 95-2482877

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS4 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

DWS FUNDS3 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Service code 28 · EIN 61-1732930

Investment Management

NEUBERGER BERMAN4 years

Service code 52 · EIN 13-6068441

Indirect Investment Fees

PIMCO FUNDS4 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

TIAA4 years

Filed as: TIAA-CREF

Service code 52 · EIN 13-4055167

Indirect Investment Fees

J.C. NEWMAN CIGAR EMPLOYEES SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J.C. NEWMAN CIGAR EMPLOYEES SAVINGS PLAN

Top hat statement on fileNQDC

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