Retirement plan

AUTHENTIC BRANDS, LLC 401(K) PLAN

Name: AUTHENTIC BRANDS, LLC - AUTHENTIC BRANDS, LLC 401(K) PLAN (2023) Form 5500
Creator: AUTHENTIC BRANDS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTHENTIC BRANDS, LLC 401(K) PLAN, AUTHENTIC BRANDS, LLC

AUTHENTIC BRANDS, LLCEIN 83-1499112Plan #001PY 2023

1144 S 500 W - SALT LAKE CITY, UT 84101360-798-3814

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.5M

+88.8% from 2022

Total participants

591

-19.0% from 2022

Average account balance

$35,160

+96.3% from 2022

Annual return

60.56%

+59.29 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.49M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

280

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.

49.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL Service code 15 PO BOX 9394 · DES MOINES, IA 50306	Recordkeeping	$47,830
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$47,830
HIGHLAND CONSULTING ASSOCIATES1 year Filed as: HIGHLAND CAPITAL Service code 27 485 RAINIER BLVD. NORTH, SUITE 103 · ISSAUAH, WA 98027	Advisory (Plan)	$24,791
HIGHLAND CONSULTING ASSOCIATES2 years Filed as: HIGHLAND CAPITAL ADVISORS, LLC Service code 27 · EIN 20-4284376	Advisory (Plan)	$24,791

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$73K

$154 / participant

Investment mgmt$25K34.1%
Contract admin$48K65.9%

% of EOY assets

0.634%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,160

$69,823-49.6%

$76,902-54.3%

$74,473-52.8%

Participation rate

43.7%

70.0%-26.3pp

69.6%-25.9pp

70.7%-27.0pp

Annual return

60.56%

19.99%+40.6pp

37.91%+22.6pp

34.36%+26.2pp

Employer contribution / active EE

$2,294

$2,148+6.8%

$2,534-9.5%

$2,638-13.0%

Participant deferral / active EE

$4,041

$3,558+13.6%

$3,833+5.4%

$4,530-10.8%

Admin fee / account holder

$223

$398-44.0%

$5,479-95.9%

$347-35.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL

Service code 15

PO BOX 9394 · DES MOINES, IA 50306

Recordkeeping

$47,830

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$47,830

HIGHLAND CONSULTING ASSOCIATES1 year

Filed as: HIGHLAND CAPITAL

Service code 27

485 RAINIER BLVD. NORTH, SUITE 103 · ISSAUAH, WA 98027

Advisory (Plan)

$24,791

HIGHLAND CONSULTING ASSOCIATES2 years

Filed as: HIGHLAND CAPITAL ADVISORS, LLC

Service code 27 · EIN 20-4284376

Advisory (Plan)

$24,791

AUTHENTIC BRANDS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTHENTIC BRANDS, 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