Retirement plan

HBC 401(K) RETIREMENT SAVINGS PLAN

Name: HBC US HOLDINGS INC. - HBC 401(K) RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: HBC US HOLDINGS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HBC 401(K) RETIREMENT SAVINGS PLAN, HBC US HOLDINGS INC.

HBC US HOLDINGS INC.EIN 99-0372181Plan #001PY 2019

225 LIBERTY STREET, 24TH FLOOR - NEW YORK, NY 10281888-757-7975

Prospect flagsLow returnsLow participation

Top hat statement on fileNQDC

Filed November 29, 2016

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)

$667.6M

-1.1% from 2019

Total participants

21,991

+8.5% from 2019

Average account balance

$51,629

-18.6% from 2019

Annual return

7.06%

-7.06 pp from 2019

Benchmarks

See 45 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort45 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$534.68M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

9,511

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.61M

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$85

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 8 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$720,228
LORD & TAYLOR, LLC2+ years Service code 14 · EIN 20-5344961	Plan Administrator	$138,276
AON CONSULTING2+ years Filed as: AON HEWITT INVESTMENT Service code 27 · EIN 22-2232264	Advisory (Plan)	$104,295
MCDERMOTT WILL & EMERY LLP2+ years Filed as: MCDERMOTT WILL & EMERY Service code 29 · EIN 36-1453176	Legal	$92,401
DELOITTE & TOUCHE LLP2+ years Service code 10 · EIN 13-3891517	Accounting	$77,000
SAKS & COMPANY, LLC1 year Service code 10 · EIN 13-1256625	Accounting	$42,037
MARKS PANETH LLP1 year Filed as: MARKS PANETH Service code 10 · EIN 13-3518842	Accounting	$22,500
MAYER HOFFMAN MCCANN P.C.2+ years Filed as: MAYER HOFFMAN MCCANN, PC Service code 10 · EIN 43-1947695	Accounting	$19,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$71 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.178%

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: DELOITTE & TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,629

$43,466+18.8%

$99,489-48.1%

$89,609-42.4%

Participation rate

46.3%

41.5%+4.8pp

73.8%-27.5pp

69.6%-23.3pp

Annual return

7.06%

22.62%-15.6pp

30.72%-23.7pp

33.65%-26.6pp

Employer contribution / active EE

$492

$788-37.5%

$2,541-80.6%

$2,584-81.0%

Participant deferral / active EE

$1,988

$1,495+33.0%

$3,619-45.1%

$4,222-52.9%

Admin fee / account holder

$92

$56+64.8%

$6,254-98.5%

$72+28.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$720,228

LORD & TAYLOR, LLC2+ years

Service code 14 · EIN 20-5344961

Plan Administrator

$138,276

AON CONSULTING2+ years

Filed as: AON HEWITT INVESTMENT

Service code 27 · EIN 22-2232264

Advisory (Plan)

$104,295

MCDERMOTT WILL & EMERY LLP2+ years

Filed as: MCDERMOTT WILL & EMERY

Service code 29 · EIN 36-1453176

Legal

$92,401

DELOITTE & TOUCHE LLP2+ years

Service code 10 · EIN 13-3891517

Accounting

$77,000

SAKS & COMPANY, LLC1 year

Service code 10 · EIN 13-1256625

Accounting

$42,037

MARKS PANETH LLP1 year

Filed as: MARKS PANETH

Service code 10 · EIN 13-3518842

Accounting

$22,500

MAYER HOFFMAN MCCANN P.C.2+ years

Filed as: MAYER HOFFMAN MCCANN, PC

Service code 10 · EIN 43-1947695

Accounting

$19,000

HBC 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HBC 401(K) RETIREMENT SAVINGS 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