Retirement plan

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

Name: MARY KAY INC. - MARY KAY INC. PROFIT SHARING AND 401(K) PLAN (2023) 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 2023

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)

$768.8M

-5.1% from 2016

Total participants

2,239

+3.6% from 2016

Average account balance

$346,937

-8.8% from 2016

Annual return

15.43%

-4.91 pp from 2016

Benchmarks

See 394 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort394 peers

Snapshot2023

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 9 by compensation

Provider	Service type	Compensation
SEI INVESTMENTS9+ years Filed as: COOKE & BEILER Service code 27 · EIN 23-3082822	Advisory (Plan)	$293,985
LAZARD ASSET MANAGEMENT9+ years Service code 27 · EIN 13-5545100	Advisory (Plan)	$280,193
GREAT-WEST LIFE & ANNUITY INSURANCE7 years Filed as: EMPOWER RETIREMENT Service code 15 8515 EAST ORACHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$178,509
SAGE ADVISORY SERVICES9+ years Filed as: SAGE ADVISORY Service code 27 · EIN 74-2798841	Advisory (Plan)	$165,790
LOOMIS SAYLES3 years Filed as: LOOMIS, SAYLES & COMPANY, L.P. Service code 27 PO BOX 7247-6804 · PHILADELPHIA, PA 191706804	Advisory (Plan)	$143,611
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY Service code 16 · EIN 12-2919773	Consulting	$118,750
FRONTIER CAPITAL MANAGEMENT9+ years Service code 27 · EIN 04-3492668	Advisory (Plan)	$97,934
WHITLEY PENN LLP7 years Service code 10 · EIN 75-2393478	Accounting	$38,340
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER PLAN SERVICES, LLC Service code 15 · EIN 84-0467907	Recordkeeping	$22,664

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

$1.4M

$860 / participant

Recordkeeping$190K13.5%
Investment mgmt$867K61.4%
Contract admin$112K7.9%
Other / not subdivided$243K17.2%

% of EOY assets

0.184%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: $38,340
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$346,937

$104,631+231.6%

$98,462+252.4%

$80,187+332.7%

Participation rate

98.6%

87.5%+11.1pp

75.2%+23.4pp

72.9%+25.7pp

Annual return

15.43%

34.72%-19.3pp

21.20%-5.8pp

40.40%-25.0pp

Employer contribution / active EE

$4,851

$4,517+7.4%

$3,049+59.1%

$2,980+62.8%

Participant deferral / active EE

$8,899

$6,545+36.0%

$4,738+87.8%

$5,016+77.4%

Admin fee / account holder

$637

$105+507.8%

$8,875-92.8%

$145+339.4%

Provider

Service type

Compensation

SEI INVESTMENTS9+ years

Filed as: COOKE & BEILER

Service code 27 · EIN 23-3082822

Advisory (Plan)

$293,985

LAZARD ASSET MANAGEMENT9+ years

Service code 27 · EIN 13-5545100

Advisory (Plan)

$280,193

GREAT-WEST LIFE & ANNUITY INSURANCE7 years

Filed as: EMPOWER RETIREMENT

Service code 15

8515 EAST ORACHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$178,509

SAGE ADVISORY SERVICES9+ years

Filed as: SAGE ADVISORY

Service code 27 · EIN 74-2798841

Advisory (Plan)

$165,790

LOOMIS SAYLES3 years

Filed as: LOOMIS, SAYLES & COMPANY, L.P.

Service code 27

PO BOX 7247-6804 · PHILADELPHIA, PA 191706804

Advisory (Plan)

$143,611

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY

Service code 16 · EIN 12-2919773

Consulting

$118,750

FRONTIER CAPITAL MANAGEMENT9+ years

Service code 27 · EIN 04-3492668

Advisory (Plan)

$97,934

WHITLEY PENN LLP7 years

Service code 10 · EIN 75-2393478

Accounting

$38,340

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER PLAN SERVICES, LLC

Service code 15 · EIN 84-0467907

Recordkeeping

$22,664

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