Retirement plan

ARAMARK HOURLY 401(K)PLAN

Name: ARAMARK SERVICES, INC. RETIREMENT BENEFITS - ARAMARK HOURLY 401(K)PLAN (2016) Form 5500
Creator: ARAMARK SERVICES, INC. RETIREMENT BENEFITS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARAMARK HOURLY 401(K)PLAN, ARAMARK SERVICES, INC. RETIREMENT BENEFITS

ARAMARK SERVICES, INC. RETIREMENT BENEFITSEIN 95-2051630Plan #001PY 2016

1101 MARKET STREET, 11TH FLOOR - PHILADELPHIA, PA 191072934215-238-3000

Other plans on this EIN

2 filings

#041Retirement-$904.6M assets #003Retirement-$7.9M assets

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed December 9, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$119.2M

No prior year

Total participants

81,849

No prior year

Average account balance

$11,001

No prior year

Annual return

8.35%

No prior year

Benchmarks

See 40 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort40 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$251.94M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

14,483

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.

11.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$335

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 INSTITUTIONAL1+ years Filed as: FIDELITY INV. INST. OPERATIONS CO. Service code 37 · EIN 04-2647786	Loan Processing	$814,954
XEROX CORPORATION1+ years Filed as: XEROX Service code 15 · EIN 16-0468020	Recordkeeping	$40,000
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT GROUP SECURITIES INC. Service code 16 · EIN 59-3099288	Consulting	$30,195
BAKER TILLY US, LLP1+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 39-0859910	Accounting	$27,700

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3J

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

5 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$913K

$11 / participant

Other / not subdivided$913K100.0%

% of EOY assets

0.766%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,001

$35,463-69.0%

$69,182-84.1%

$329,111-96.7%

Participation rate

11.2%

34.6%-23.4pp

55.1%-43.9pp

67.9%-56.6pp

Annual return

8.35%

7.72%+0.6pp

-21.93%+30.3pp

16.35%-8.0pp

Employer contribution / active EE

$51

$449-88.6%

$1,206-95.8%

$2,303-97.8%

Participant deferral / active EE

$170

$1,018-83.3%

$1,897-91.0%

$3,682-95.4%

Admin fee / account holder

$84

$64+30.8%

$2,697-96.9%

$754-88.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INV. INST. OPERATIONS CO.

Service code 37 · EIN 04-2647786

Loan Processing

$814,954

XEROX CORPORATION1+ years

Filed as: XEROX

Service code 15 · EIN 16-0468020

Recordkeeping

$40,000

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT GROUP SECURITIES INC.

Service code 16 · EIN 59-3099288

Consulting

$30,195

BAKER TILLY US, LLP1+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 39-0859910

Accounting

$27,700

ARAMARK HOURLY 401(K)PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARAMARK HOURLY 401(K)PLAN

Top hat statement on fileNQDC

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