Retirement plan

SWANK ENTERPRISES, INC. 401K PLAN

Name: SWANK ENTERPRISES, INC. - SWANK ENTERPRISES, INC. 401K PLAN (2021) Form 5500
Creator: SWANK ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWANK ENTERPRISES, INC. 401K PLAN, SWANK ENTERPRISES, INC.

SWANK ENTERPRISES, INC.EIN 81-0302197Plan #007PY 2021

P.O. BOX 568 - VALIER, MT 594860568406-279-3241swankenterprises.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#006Retirement-$6.5M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$25.6M

+3.4% from 2020

Total participants

-4.7% from 2020

Average account balance

$323,605

+9.9% from 2020

Annual return

12.12%

-5.53 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$611K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-85.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.9M

$44187 / participant

Other / not subdivided$3M100.0%

% of EOY assets

11.235%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$323,605

$78,682+311.3%

$109,188+196.4%

$85,851+276.9%

Participation rate

95.4%

68.3%+27.1pp

75.9%+19.5pp

69.3%+26.1pp

Annual return

12.12%

25.09%-13.0pp

25.76%-13.6pp

318.63%-306.5pp

Employer contribution / active EE

$4,771

$2,734+74.5%

$3,723+28.1%

$2,565+86.0%

Participant deferral / active EE

$4,843

$3,468+39.7%

$4,654+4.1%

$3,952+22.5%

Admin fee / account holder

$36,357

$5,470+564.7%

$6,755+438.2%

$6,261+480.7%

SWANK ENTERPRISES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWANK ENTERPRISES, INC. 401K 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