Retirement plan

THE CUTTER TEAM 401(K) RETIREMENT SAVINGS PLAN (003)

Name: CUTTER MANAGEMENT CO. - THE CUTTER TEAM 401(K) RETIREMENT SAVINGS PLAN (003) (2020) Form 5500
Creator: CUTTER MANAGEMENT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CUTTER TEAM 401(K) RETIREMENT SAVINGS PLAN (003), CUTTER MANAGEMENT CO.

CUTTER MANAGEMENT CO.EIN 95-2643893Plan #003PY 2020

PO BOX 520 - AIEA, HI 967019998808-529-2000LinkedIn501-1000 employeesretail

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$20M

+5.2% from 2019

Total participants

212

-5.8% from 2019

Average account balance

$122,884

+10.4% from 2019

Annual return

9.11%

-8.51 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.25M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

152

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$630K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$862

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
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$72,660
LPL FINANCIAL6+ years Service code 27 · EIN 04-3046611	Advisory (Plan)	$31,911
SUEMORI & INOUYE, INC.6+ years Service code 64 · EIN 99-0242337	Recordkeeping Fees	$13,765
KKDLY LLC2 years Service code 10 · EIN 99-0292355	Accounting	$8,885

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

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.

Expense breakdown

Schedule H Part II

Admin total

$95K

$551 / participant

Other / not subdivided$95K100.0%

% of EOY assets

0.473%

all-in expense ratio

Categories reported

0 / 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: KKDLY LLC
Auditor EIN: 990292355
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,884

$54,573+125.2%

$90,970+35.1%

$73,497+67.2%

Participation rate

71.5%

61.2%+10.3pp

69.0%+2.5pp

70.7%+0.8pp

Annual return

9.11%

16.69%-7.6pp

134.60%-125.5pp

28.51%-19.4pp

Employer contribution / active EE

$773

$991-22.0%

$2,122-63.6%

$2,270-65.9%

Participant deferral / active EE

$2,996

$2,517+19.0%

$3,373-11.2%

$3,740-19.9%

Admin fee / account holder

$581

$521+11.4%

$5,961-90.3%

$513+13.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$72,660

LPL FINANCIAL6+ years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$31,911

SUEMORI & INOUYE, INC.6+ years

Service code 64 · EIN 99-0242337

Recordkeeping Fees

$13,765

KKDLY LLC2 years

Service code 10 · EIN 99-0292355

Accounting

$8,885

THE CUTTER TEAM 401(K) RETIREMENT SAVINGS PLAN (003)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CUTTER TEAM 401(K) RETIREMENT SAVINGS PLAN (003)

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