Retirement plan

TORI RICHARD, LTD. 401(K) RETIREMENT SAVINGS PLAN

Name: TORI RICHARD, LTD. - TORI RICHARD, LTD. 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: TORI RICHARD, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TORI RICHARD, LTD. 401(K) RETIREMENT SAVINGS PLAN, TORI RICHARD, LTD.

TORI RICHARD, LTD.EIN 99-0088802Plan #001PY 2024

1891 NORTH KING STREET - HONOLULU, HI 96819808-847-7041toririchard.comLinkedIn51-200 employeesapparel & fashion

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed December 11, 2015

Plan administrator

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1334 Moonui St.

Honolulu State: HI Zip Code: 96817

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Plans declared (1)

Plan name not on file2 emp

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Total assets (EOY)

$8.4M

+18.2% from 2023

Total participants

184

+7.0% from 2023

Average account balance

$69,635

+17.2% from 2023

Annual return

12.26%

-5.45 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.43M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

121

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.

59.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$559K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$447

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 5 by compensation

Provider	Service type	Compensation
FISHER INVESTMENTS1 year Filed as: FISHER ASSET MANAGEMENT LLC FISHER Service code 99 PO BOX 8904 · VANCOUVER, WA 986889912	Other Fees	$23,968
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,614
LINKED ACCOUNTING LLC2 years Service code 10 612 N KAYS DR, STE 150 · KAYSVILLE, UT 84037	Accounting	$9,738
HICKS PENSION SERVICES1 year Filed as: HICKS PENSION GROUP Service code 13 1218 WAIMANU ST 2ND FL · HONOLULU, HI 96814	Contract Administrator	$5,073
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 99 PO BOX 659530 · SAN ANTONIO, TX 78265	Other Fees	$750

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$345 / participant

Recordkeeping$15K28.4%
Investment mgmt$24K44.3%
Contract admin$5K9.4%
Other / not subdivided$10K18.0%

% of EOY assets

0.643%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LINKED ACCOUNTING LLC
Auditor EIN: 461211349
Audit fees: $9,738
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,635

$88,203-21.1%

$165,100-57.8%

$74,478-6.5%

Participation rate

59.9%

73.1%-13.3pp

78.6%-18.8pp

67.2%-7.3pp

Annual return

12.26%

17.13%-4.9pp

70.21%-57.9pp

1370.56%-1358.3pp

Employer contribution / active EE

$2,601-100.0%

$4,348-100.0%

$2,626-100.0%

Participant deferral / active EE

$3,559

$4,505-21.0%

$6,035-41.0%

$4,350-18.2%

Admin fee / account holder

$447

$2,235-80.0%

$12,696-96.5%

$1,946-77.0%

Provider

Service type

Compensation

FISHER INVESTMENTS1 year

Filed as: FISHER ASSET MANAGEMENT LLC FISHER

Service code 99

PO BOX 8904 · VANCOUVER, WA 986889912

Other Fees

$23,968

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,614

LINKED ACCOUNTING LLC2 years

Service code 10

612 N KAYS DR, STE 150 · KAYSVILLE, UT 84037

Accounting

$9,738

HICKS PENSION SERVICES1 year

Filed as: HICKS PENSION GROUP

Service code 13

1218 WAIMANU ST 2ND FL · HONOLULU, HI 96814

Contract Administrator

$5,073

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 99

PO BOX 659530 · SAN ANTONIO, TX 78265

Other Fees

$750

TORI RICHARD, LTD. 401(K) RETIREMENT SAVINGS 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

TORI RICHARD, LTD. 401(K) RETIREMENT SAVINGS 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