Retirement plan

ITG HOLDINGS USA, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN

Name: ITG BRANDS, LLC - ITG HOLDINGS USA, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN (2020) Form 5500
Creator: ITG BRANDS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ITG HOLDINGS USA, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN, ITG BRANDS, LLC

ITG BRANDS, LLCEIN 94-2994213Plan #001PY 2020

714 GREEN VALLEY ROAD - GREENSBORO, NC 27408336-335-7000itgbrands.comLinkedIn1001-5000 employeesconsumer goods

Other plans on this EIN

2 filings

#004Retirement-$559.8M assets #003Retirement-$122.2M assets

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed June 27, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

714 Green Valley Road

Greensboro State: NC Zip Code: 27408

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Plans declared (1)

ITG Brands, LLC Severance Plan for Executive Management4 emp

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Total assets (EOY)

$391M

-95.1% from 2016

Total participants

2,348

-19.8% from 2016

Average account balance

$184,680

-93.5% from 2016

Annual return

12.84%

-1830.93 pp from 2016

Benchmarks

See 216 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort216 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$397.93M

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

2,201

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$179,030
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 16 · EIN 04-3046611	Consulting	$68,666
FINANCIAL ENGINES3 years Service code 27 · EIN 94-3250323	Advisory (Plan)	$53,591
COMPASS 360, LLC2 years Filed as: COMPASS FINANCIAL PARTNERS, LLC Service code 16 · EIN 95-2893423	Consulting	$34,375

Plan features & details

Pension benefit codes2K2J2T3H2F2E3D2R2G

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.
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.
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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$301K

$177 / participant

Other / not subdivided$301K100.0%

% of EOY assets

0.077%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,680

$72,066+156.3%

$81,726+126.0%

$90,274+104.6%

Participation rate

86.4%

78.9%+7.5pp

72.0%+14.4pp

73.4%+13.1pp

Annual return

12.84%

15.92%-3.1pp

29.49%-16.7pp

53.97%-41.1pp

Employer contribution / active EE

$7,630

$2,335+226.8%

$4,311+77.0%

$2,523+202.4%

Participant deferral / active EE

$6,475

$3,557+82.0%

$7,108-8.9%

$4,231+53.0%

Admin fee / account holder

$142

$92+53.7%

$5,160-97.2%

$114+24.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$179,030

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 16 · EIN 04-3046611

Consulting

$68,666

FINANCIAL ENGINES3 years

Service code 27 · EIN 94-3250323

Advisory (Plan)

$53,591

COMPASS 360, LLC2 years

Filed as: COMPASS FINANCIAL PARTNERS, LLC

Service code 16 · EIN 95-2893423

Consulting

$34,375

ITG HOLDINGS USA, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ITG HOLDINGS USA, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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