Retirement plan

MARY KAY INC. PROFIT SHARING AND 401(K) PLAN

Name: MARY KAY INC. - MARY KAY INC. PROFIT SHARING AND 401(K) PLAN (2019) Form 5500
Creator: MARY KAY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARY KAY INC. PROFIT SHARING AND 401(K) PLAN, MARY KAY INC.

MARY KAY INC.EIN 75-1151701Plan #001PY 2019

16251 DALLAS PARKWAY - ADDISON, TX 75001972-687-6300LinkedIn51-200 employeesgraphic design

Prospect flagsLow returnsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$787.5M

-5.1% from 2016

Total participants

2,454

+3.6% from 2016

Average account balance

$324,331

-8.8% from 2016

Annual return

19.08%

-4.91 pp from 2016

Benchmarks

See 383 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort383 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$792.68M

Not enough data

1 years with asset history on file

Average account balance

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

$375K

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.

2,111

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$621

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
METROPOLITAN WEST ASSET MANAGEMENT5+ years Filed as: TCW ASSET MANAGEMENT CO. Service code 27 · EIN 95-2642764	Advisory (Plan)	$324,602
SEI INVESTMENTS5+ years Filed as: COOKE & BEILER Service code 27 · EIN 23-3082822	Advisory (Plan)	$292,788
SAGE ADVISORY SERVICES5+ years Filed as: SAGE ADVISORY Service code 27 · EIN 74-2798841	Advisory (Plan)	$203,855
WEDGE CAPITAL MANAGEMENT5+ years Service code 27 · EIN 56-1557450	Advisory (Plan)	$194,076
LAZARD ASSET MANAGEMENT5+ years Service code 27 · EIN 13-5545100	Advisory (Plan)	$188,914
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT Service code 15 8515 EAST ORACHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$179,000
JP MORGAN INVESTMENT MANAGEMENT INC5+ years Filed as: MCDONNELL INVESTMENT Service code 27 · EIN 36-4445613	Advisory (Plan)	$157,254
LORD ABBETT5+ years Service code 27 · EIN 13-5620131	Advisory (Plan)	$124,268
FRONTIER CAPITAL MANAGEMENT5+ years Service code 27 · EIN 04-3492668	Advisory (Plan)	$101,232
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY Service code 16 · EIN 12-2919773	Consulting	$75,000

Plan features & details

Pension benefit codes2E2H2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

4 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$1040 / participant

Investment mgmt$2M77.5%
Other / not subdivided$467K22.5%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

1 / 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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$324,331

$96,403+236.4%

$93,621+246.4%

$77,775+317.0%

Participation rate

98.7%

87.6%+11.1pp

75.8%+22.9pp

73.2%+25.5pp

Annual return

19.08%

39.36%-20.3pp

32.76%-13.7pp

32.58%-13.5pp

Employer contribution / active EE

$9,177

$3,616+153.8%

$2,719+237.6%

$2,504+266.5%

Participant deferral / active EE

$7,187

$5,341+34.6%

$4,070+76.6%

$3,966+81.2%

Admin fee / account holder

$854

$90+854.6%

$7,890-89.2%

$100+753.8%

Provider

Service type

Compensation

METROPOLITAN WEST ASSET MANAGEMENT5+ years

Filed as: TCW ASSET MANAGEMENT CO.

Service code 27 · EIN 95-2642764

Advisory (Plan)

$324,602

SEI INVESTMENTS5+ years

Filed as: COOKE & BEILER

Service code 27 · EIN 23-3082822

Advisory (Plan)

$292,788

SAGE ADVISORY SERVICES5+ years

Filed as: SAGE ADVISORY

Service code 27 · EIN 74-2798841

Advisory (Plan)

$203,855

WEDGE CAPITAL MANAGEMENT5+ years

Service code 27 · EIN 56-1557450

Advisory (Plan)

$194,076

LAZARD ASSET MANAGEMENT5+ years

Service code 27 · EIN 13-5545100

Advisory (Plan)

$188,914

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT

Service code 15

8515 EAST ORACHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$179,000

JP MORGAN INVESTMENT MANAGEMENT INC5+ years

Filed as: MCDONNELL INVESTMENT

Service code 27 · EIN 36-4445613

Advisory (Plan)

$157,254

LORD ABBETT5+ years

Service code 27 · EIN 13-5620131

Advisory (Plan)

$124,268

FRONTIER CAPITAL MANAGEMENT5+ years

Service code 27 · EIN 04-3492668

Advisory (Plan)

$101,232

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY

Service code 16 · EIN 12-2919773

Consulting

$75,000

MARY KAY INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARY KAY INC. PROFIT SHARING AND 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