Retirement plan

SPENCER GIFTS, LLC 401(K) PLAN

Name: SPENCER GIFTS, LLC - SPENCER GIFTS, LLC 401(K) PLAN (2017) Form 5500
Creator: SPENCER GIFTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPENCER GIFTS, LLC 401(K) PLAN, SPENCER GIFTS, LLC

SPENCER GIFTS, LLCEIN 71-0878043Plan #003PY 2017

6826 BLACK HORSE PIKE - EGG HARBOR TOWNSHIP, NJ 08234609-645-3300LinkedIn1-10 employeesretail

Other plans on this EIN

1 filing

#001Retirement-$33.1M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$18.3M

+14.9% from 2016

Total participants

2,686

+22.6% from 2016

Average account balance

$43,782

-4.7% from 2016

Annual return

16.17%

+8.83 pp from 2016

Benchmarks

See 101 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort101 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.05M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

1,483

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.

31.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.10M

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

+18.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175	Advisory (Plan)	$20,000
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393	Recordkeeping	$17,546
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 27 · EIN 13-3689044	Advisory (Plan)	$5,126
NATIONAL FINANCIAL SERVICES3+ years Service code 27 · EIN 04-3523567	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$43K

$16 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.234%

all-in expense ratio

Categories reported

0 / 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: GELTRUDE AND COMPANY, LLC
Auditor EIN: 223363665
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,782

$37,245+17.6%

$94,993-53.9%

$77,958-43.8%

Participation rate

13.3%

56.5%-43.1pp

73.9%-60.6pp

71.6%-58.3pp

Annual return

16.17%

22.72%-6.6pp

27.14%-11.0pp

20.87%-4.7pp

Employer contribution / active EE

$894-100.0%

$2,603-100.0%

$2,310-100.0%

Participant deferral / active EE

$328

$1,828-82.1%

$3,317-90.1%

$3,537-90.7%

Admin fee / account holder

$102

$59+73.1%

$4,960-97.9%

$97+5.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 36-4019175

Advisory (Plan)

$20,000

WELLS FARGO BANK, N.A.1 year

Service code 15 · EIN 94-1347393

Recordkeeping

$17,546

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 27 · EIN 13-3689044

Advisory (Plan)

$5,126

NATIONAL FINANCIAL SERVICES3+ years

Service code 27 · EIN 04-3523567

Advisory (Plan)

SPENCER GIFTS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPENCER GIFTS, LLC 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