Retirement plan

DELCO APPAREL LLC 401(K) PLAN

Name: DELCO APPAREL LLC - DELCO APPAREL LLC 401(K) PLAN (2022) Form 5500
Creator: DELCO APPAREL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DELCO APPAREL LLC 401(K) PLAN, DELCO APPAREL LLC

DELCO APPAREL LLCEIN 77-0684500Plan #001PY 2022

1 CAPE MAY STREET - HARRISON, NJ 07029862-902-5220LinkedIn201-500 employeesapparel & fashion

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.2M

-12.8% from 2021

Total participants

145

+2.8% from 2021

Average account balance

$84,033

-15.2% from 2021

Annual return

-12.59%

-21.53 pp from 2021

Benchmarks

See 2,540 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,540 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.12M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

150

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$861K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$42,678
MORGAN STANLEY SMITH BARNEY1 year Filed as: J.P. MORGAN SECURITIES LLC Service code 27 · EIN 13-4110995	Advisory (Plan)	$20,598
ASSOCIATED PENSION CONSULTANTS8+ years Service code 13 · EIN 11-3271022 111 EXPRESS STREET · PLAINVIEW, NY 11803	Contract Administrator	$19,433
LINCOLN NATIONAL CORPORATION7 years Service code 63 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802	12b-1 Fees	$13,208

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$63K

$659 / participant

Contract admin$45K71.3%
Other / not subdivided$18K28.7%

% of EOY assets

0.514%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,033

$54,229+55.0%

$70,092+19.9%

$68,494+22.7%

Participation rate

100.0%

64.5%+35.5pp

70.5%+29.5pp

67.9%+32.1pp

Annual return

-12.59%

-13.87%+1.3pp

190.73%-203.3pp

-7.84%-4.7pp

Employer contribution / active EE

$3,541

$2,018+75.5%

$2,559+38.4%

$2,596+36.4%

Participant deferral / active EE

$5,697

$2,956+92.7%

$3,849+48.0%

$4,027+41.5%

Admin fee / account holder

$432

$4,694-90.8%

$6,267-93.1%

$5,403-92.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$42,678

MORGAN STANLEY SMITH BARNEY1 year

Filed as: J.P. MORGAN SECURITIES LLC

Service code 27 · EIN 13-4110995

Advisory (Plan)

$20,598

ASSOCIATED PENSION CONSULTANTS8+ years

Service code 13 · EIN 11-3271022

111 EXPRESS STREET · PLAINVIEW, NY 11803

Contract Administrator

$19,433

LINCOLN NATIONAL CORPORATION7 years

Service code 63 · EIN 35-0472300

P.O. BOX 7877 · FORT WAYNE, IN 46802

12b-1 Fees

$13,208

DELCO APPAREL LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DELCO APPAREL 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