Retirement plan

SCHWAN'S COMPANY RETIREMENT SAVINGS PLAN

Name: SCHWANS SHARED SERVICES, LLC - SCHWAN'S COMPANY RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SCHWANS SHARED SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHWAN'S COMPANY RETIREMENT SAVINGS PLAN, SCHWANS SHARED SERVICES, LLC

SCHWANS SHARED SERVICES, LLCEIN 81-0572771Plan #001PY 2023

8500 NORMANDALE BLVD, STE 2000, 24TH FLOOR - BLOOMINGTON, MN 55437952-841-2641LinkedIn10001+ employeesindividual & family services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$570.9M

-1.0% from 2016

Total participants

10,836

+8.9% from 2016

Average account balance

$67,605

-3.4% from 2016

Annual return

21.64%

-8.90 pp from 2016

Benchmarks

See 44 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort44 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$632.33M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

8,237

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.

66.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY TRUST COMPANY Service code 28 · EIN 04-2647786	Investment Management	$780,020
WILLIS TOWERS WATSON US LLC7 years Filed as: TOWERS WATSON INVESTMENTS SERVICES Service code 17 · EIN 52-1868818	Pension Consulting	$215,180
ARROWMARK PARTNERS8 years Service code 28 · EIN 39-2068140	Investment Management	$127,065
SNYDER CAPITAL MANAGEMENT4 years Service code 28 · EIN 04-3370184	Investment Management	$100,289
SANDERS CAPITAL, LLC4 years Service code 28 · EIN 27-0705845	Investment Management	$75,493
NORTH AMERICAN KTRADE ALLIANCE, LLC1 year Filed as: NORTH PIER FIDUCIARY MANAGEMENT LLC Service code 20 · EIN 26-3521867	Trustee (individual)	$50,212
CLIFTONLARSONALLEN LLP9+ years Service code 10 · EIN 41-0746749	Accounting	$36,259

Plan features & details

Pension benefit codes2E2F2G2J3F3H2K2T2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$159 / participant

Investment mgmt$592K42.8%
Other / not subdivided$792K57.2%

% of EOY assets

0.243%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $36,259
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,605

$93,283-27.5%

$76,891-12.1%

$103,657-34.8%

Participation rate

72.5%

79.3%-6.7pp

69.6%+2.9pp

73.4%-0.8pp

Annual return

21.64%

17.40%+4.2pp

37.91%-16.3pp

33.13%-11.5pp

Employer contribution / active EE

$1,484

$3,170-53.2%

$2,534-41.4%

$3,216-53.8%

Participant deferral / active EE

$2,919

$4,624-36.9%

$3,833-23.9%

$5,218-44.1%

Admin fee / account holder

$164

$78+109.1%

$5,488-97.0%

$114+43.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY TRUST COMPANY

Service code 28 · EIN 04-2647786

Investment Management

$780,020

WILLIS TOWERS WATSON US LLC7 years

Filed as: TOWERS WATSON INVESTMENTS SERVICES

Service code 17 · EIN 52-1868818

Pension Consulting

$215,180

ARROWMARK PARTNERS8 years

Service code 28 · EIN 39-2068140

Investment Management

$127,065

SNYDER CAPITAL MANAGEMENT4 years

Service code 28 · EIN 04-3370184

Investment Management

$100,289

SANDERS CAPITAL, LLC4 years

Service code 28 · EIN 27-0705845

Investment Management

$75,493

NORTH AMERICAN KTRADE ALLIANCE, LLC1 year

Filed as: NORTH PIER FIDUCIARY MANAGEMENT LLC

Service code 20 · EIN 26-3521867

Trustee (individual)

$50,212

CLIFTONLARSONALLEN LLP9+ years

Service code 10 · EIN 41-0746749

Accounting

$36,259

SCHWAN'S COMPANY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHWAN'S COMPANY RETIREMENT SAVINGS 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