Retirement plan

NITE IZE, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: NITE IZE, INC. - NITE IZE, INC. 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: NITE IZE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NITE IZE, INC. 401(K) RETIREMENT SAVINGS PLAN, NITE IZE, INC.

NITE IZE, INC.EIN 84-1105569Plan #001PY 2022

5660 CENTRAL AVENUE - BOULDER, CO 80301720-508-4740niteize.comLinkedIn201-500 employeesconsumer goods

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.5M

-8.8% from 2021

Total participants

239

+6.7% from 2021

Average account balance

$58,897

-12.6% from 2021

Annual return

-18.70%

-32.82 pp from 2021

Benchmarks

See 2,291 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,291 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.35M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

140

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.

59.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$450

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 10 of 12 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC7 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$46,160
AMERICAN FUNDS1 year Service code 28 · EIN 95-1411037	Investment Management	$0
BLACKROCK7 years Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
BUFFALO FUNDS5 years Filed as: BUFFALO FUNDS, THE Service code 28 · EIN 48-1069845	Investment Management	$0
COHEN & STEERS3 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
COLUMBIA7 years Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
INVESCO2 years Service code 28 · EIN 26-4521338	Investment Management	$0
MFS INVESTMENT MANAGEMENT7 years Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
PIONEER7 years Service code 28 · EIN 13-5657669	Investment Management	$0
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL Service code 28 · EIN 42-1520346	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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

$46K

$222 / participant

Other / not subdivided$46K100.0%

% of EOY assets

0.544%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.A.
Auditor EIN: 125381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,897

$86,655-32.0%

$119,608-50.8%

$66,930-12.0%

Participation rate

54.3%

75.6%-21.2pp

79.3%-24.9pp

69.8%-15.5pp

Annual return

-18.70%

-8.00%-10.7pp

-14.98%-3.7pp

1.57%-20.3pp

Employer contribution / active EE

$1,975

$2,536-22.1%

$4,232-53.3%

$2,545-22.4%

Participant deferral / active EE

$4,097

$4,358-6.0%

$5,601-26.9%

$4,238-3.3%

Admin fee / account holder

$321

$755-57.5%

$10,326-96.9%

$593-46.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC7 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$46,160

AMERICAN FUNDS1 year

Service code 28 · EIN 95-1411037

Investment Management

BLACKROCK7 years

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

BUFFALO FUNDS5 years

Filed as: BUFFALO FUNDS, THE

Service code 28 · EIN 48-1069845

Investment Management

COHEN & STEERS3 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

COLUMBIA7 years

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

INVESCO2 years

Service code 28 · EIN 26-4521338

Investment Management

MFS INVESTMENT MANAGEMENT7 years

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

PIONEER7 years

Service code 28 · EIN 13-5657669

Investment Management

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL

Service code 28 · EIN 42-1520346

Investment Management

NITE IZE, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NITE IZE, INC. 401(K) 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