Retirement plan

THE HESS COLLECTION 401(K) PLAN

Name: THE HESS COLLECTION WINERY - THE HESS COLLECTION 401(K) PLAN (2020) Form 5500
Creator: THE HESS COLLECTION WINERY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HESS COLLECTION 401(K) PLAN, THE HESS COLLECTION WINERY

THE HESS COLLECTION WINERYEIN 68-0071196Plan #001PY 2020

4411 REDWOOD ROAD - NAPA, CA 94558707-255-1144LinkedIn1-10 employees

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.3M

+4.3% from 2019

Total participants

175

-6.4% from 2019

Average account balance

$140,199

+9.6% from 2019

Annual return

10.58%

-16.35 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.67M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

149

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.

69.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$67,169
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES FIN SVCS, INC. Service code 27 · EIN 59-1531281	Advisory (Plan)	$20,000
PENSION ASSURANCE LLP1 year Service code 10 · EIN 30-0840934	Accounting	$10,700
BLACKROCK4 years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
JANUS HENDERSON4 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 04-3400483	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PIONEER4 years Service code 52 · EIN 04-2652279	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$98K

$689 / participant

Investment mgmt$85K86.4%
Contract admin$3K2.7%
Other / not subdivided$11K10.9%

% of EOY assets

0.439%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,199

$54,590+156.8%

$81,726+71.5%

$73,497+90.8%

Participation rate

88.7%

68.3%+20.4pp

72.0%+16.7pp

70.7%+18.1pp

Annual return

10.58%

17.74%-7.2pp

29.49%-18.9pp

28.51%-17.9pp

Employer contribution / active EE

$4,292

$1,636+162.4%

$4,311-0.4%

$2,270+89.1%

Participant deferral / active EE

$5,913

$2,759+114.3%

$7,108-16.8%

$3,740+58.1%

Admin fee / account holder

$616

$592+4.0%

$5,160-88.1%

$513+20.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$67,169

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES FIN SVCS, INC.

Service code 27 · EIN 59-1531281

Advisory (Plan)

$20,000

PENSION ASSURANCE LLP1 year

Service code 10 · EIN 30-0840934

Accounting

$10,700

BLACKROCK4 years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

JANUS HENDERSON4 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 04-3400483

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PIONEER4 years

Service code 52 · EIN 04-2652279

Indirect Investment Fees

THE HESS COLLECTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HESS COLLECTION 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