Retirement plan

ROMANTIX, INC. 401(K) RETIREMENT PLAN

Name: PROGRESSIVE RETAIL MANAGEMENT - ROMANTIX, INC. 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: PROGRESSIVE RETAIL MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROMANTIX, INC. 401(K) RETIREMENT PLAN, PROGRESSIVE RETAIL MANAGEMENT

PROGRESSIVE RETAIL MANAGEMENTEIN 84-1289368Plan #001PY 2020

4655 N. COLORADO BLVD. - DENVER, CO 80216303-377-2331progressiveretailmanagement.comLinkedIn201-500 employeesretail

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+22.3% from 2019

Total participants

175

-13.4% from 2019

Average account balance

$47,910

+8.4% from 2019

Annual return

13.51%

-7.16 pp from 2019

Benchmarks

See 435 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort435 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.74M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

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.

41.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$368K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25894

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

Top 4 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC4 years Service code 27 · EIN 61-1758632 24 E COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$9,527
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,109
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,207
TPA SERVICES, INC.4 years Filed as: TPA SERVICES,INC. Service code 13 · EIN 84-1571661 7108 S ALTON WAY, BLDG L, SUITE B · CENTENNIAL, CO 80112	Contract Administrator	$710

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$133 / participant

Contract admin$19K95.0%
Other / not subdivided$9905.0%

% of EOY assets

0.518%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WATSON COON RYAN, LLC
Auditor EIN: 823543701
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,910

$55,122-13.1%

$104,625-54.2%

$73,493-34.8%

Participation rate

34.7%

67.7%-33.0pp

74.1%-39.4pp

70.7%-36.0pp

Annual return

13.51%

24.77%-11.3pp

340.60%-327.1pp

28.51%-15.0pp

Employer contribution / active EE

$794

$1,464-45.8%

$2,681-70.4%

$2,270-65.0%

Participant deferral / active EE

$1,333

$2,919-54.3%

$3,738-64.3%

$3,740-64.4%

Admin fee / account holder

$248

$423-41.3%

$6,465-96.2%

$513-51.6%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC4 years

Service code 27 · EIN 61-1758632

24 E COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$9,527

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,109

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,207

TPA SERVICES, INC.4 years

Filed as: TPA SERVICES,INC.

Service code 13 · EIN 84-1571661

7108 S ALTON WAY, BLDG L, SUITE B · CENTENNIAL, CO 80112

Contract Administrator

$710

ROMANTIX, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROMANTIX, INC. 401(K) RETIREMENT 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