Retirement plan

JEWELRY EXCHANGE, INC 401(K) PLAN

Name: JEWELRY EXCHANGE INC. - JEWELRY EXCHANGE, INC 401(K) PLAN (2020) Form 5500
Creator: JEWELRY EXCHANGE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEWELRY EXCHANGE, INC 401(K) PLAN, JEWELRY EXCHANGE INC.

JEWELRY EXCHANGE INC.EIN 66-0473667Plan #001PY 2020

12 EAST 49TH STREET, 39TH FLOOR - NEW YORK, NY 10017646-378-6800

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$2.3M

-4.1% from 2019

Total participants

122

-17.6% from 2019

Average account balance

$30,126

+32.1% from 2019

Annual return

11.07%

-9.99 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.73M

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.

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

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

+13.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7260

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$20,014
ALTIGRO PENSION SERVICES INC5 years Filed as: ALTIGRO PENSION SERVICES (204) Service code 13 · EIN 20-1258185 3 ROUTE 46 WEST · FAIRFIELD, NJ 07004	Contract Administrator	$6,508
AMERICAN FUNDS4 years Service code 52 · EIN 22-1557722	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3095387	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 84-1120195	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
RONALD B LEE & RICHARD T NOLAN6+ years Service code 53 · EIN 22-3342752	Insurance Commissions	$0
STEVEN D EISENBERG CPA PA6+ years Filed as: STEVEN R FISHER Service code 53 8654 PONTCHARTRAIN #4 · NEW ORLEANS, LA 70124	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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 returns
Annual investment return 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$198 / participant

Contract admin$20K100.0%

% of EOY assets

0.863%

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: MAYER HOFFMAN MCCANN CPAS
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,126

$81,494-63.0%

$133,978-77.5%

$73,497-59.0%

Participation rate

55.4%

76.4%-20.9pp

79.8%-24.4pp

70.7%-15.2pp

Annual return

11.07%

19.40%-8.3pp

45.10%-34.0pp

28.51%-17.4pp

Employer contribution / active EE

$2,210-100.0%

$3,919-100.0%

$2,270-100.0%

Participant deferral / active EE

$440

$3,787-88.4%

$5,047-91.3%

$3,740-88.2%

Admin fee / account holder

$260

$713-63.6%

$8,930-97.1%

$513-49.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$20,014

ALTIGRO PENSION SERVICES INC5 years

Filed as: ALTIGRO PENSION SERVICES (204)

Service code 13 · EIN 20-1258185

3 ROUTE 46 WEST · FAIRFIELD, NJ 07004

Contract Administrator

$6,508

AMERICAN FUNDS4 years

Service code 52 · EIN 22-1557722

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3095387

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 84-1120195

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

RONALD B LEE & RICHARD T NOLAN6+ years

Service code 53 · EIN 22-3342752

Insurance Commissions

STEVEN D EISENBERG CPA PA6+ years

Filed as: STEVEN R FISHER

Service code 53

8654 PONTCHARTRAIN #4 · NEW ORLEANS, LA 70124

Insurance Commissions

JEWELRY EXCHANGE, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEWELRY EXCHANGE, INC 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