Retirement plan

ZAK DESIGNS, INC. RETIREMENT TRUST

Name: ZAK DESIGNS, INC. - ZAK DESIGNS, INC. RETIREMENT TRUST (2020) Form 5500
Creator: ZAK DESIGNS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZAK DESIGNS, INC. RETIREMENT TRUST, ZAK DESIGNS, INC.

ZAK DESIGNS, INC.EIN 91-1575165Plan #001PY 2020

P.O. BOX 19188 - SPOKANE, WA 992199188509-244-0555zak.comLinkedIn201-500 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14M

+18.7% from 2019

Total participants

150

+4.2% from 2019

Average account balance

$111,440

+20.6% from 2019

Annual return

17.15%

-3.72 pp from 2019

Benchmarks

See 1,895 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,895 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.52M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

131

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$921K

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$428

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MERCER2 years Filed as: MERCER INVESTMENT MANAGEMENT Service code 26 · EIN 30-0282430 601 W MAIN · SPOKANE, WA 99201	Advisory (Participants)	$22,589

Plan features & details

Pension benefit codes2E2G2J2K3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$56K

$479 / participant

Investment mgmt$23K40.7%
Contract admin$33K59.3%

% of EOY assets

0.396%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,440

$70,908+57.2%

$98,907+12.7%

$73,488+51.6%

Participation rate

79.3%

73.8%+5.5pp

76.0%+3.3pp

70.7%+8.6pp

Annual return

17.15%

34.17%-17.0pp

196.43%-179.3pp

28.51%-11.4pp

Employer contribution / active EE

$573

$2,036-71.9%

$2,689-78.7%

$2,270-74.8%

Participant deferral / active EE

$4,508

$3,500+28.8%

$4,244+6.2%

$3,740+20.6%

Admin fee / account holder

$441

$535-17.6%

$6,642-93.4%

$513-14.1%

Provider

Service type

Compensation

MERCER2 years

Filed as: MERCER INVESTMENT MANAGEMENT

Service code 26 · EIN 30-0282430

601 W MAIN · SPOKANE, WA 99201

Advisory (Participants)

$22,589

ZAK DESIGNS, INC. RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZAK DESIGNS, INC. RETIREMENT TRUST

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