Retirement plan

FARRELL DISTRIBUTING CORPORATION 401(K) PLAN

Name: THE FARRELL DISTRIBUTING CORPORATION - FARRELL DISTRIBUTING CORPORATION 401(K) PLAN (2020) Form 5500
Creator: THE FARRELL DISTRIBUTING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARRELL DISTRIBUTING CORPORATION 401(K) PLAN, THE FARRELL DISTRIBUTING CORPORATION

THE FARRELL DISTRIBUTING CORPORATIONEIN 03-0214188Plan #003PY 2020

5 HOLMES ROAD - SOUTH BURLINGTON, VT 05403802-864-4422farrelldistributing.comLinkedIn201-500 employeeswholesale

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$35.9M

+11.2% from 2019

Total participants

322

-1.5% from 2019

Average account balance

$117,387

+13.4% from 2019

Annual return

14.57%

-7.11 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.22M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

348

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BANKING OP Service code 16 1300 THAMES STREET · BALTIMORE, MD 21231	Consulting	$35,000
JUDELSON, GIORDANO & SIEGEL, PC3 years Service code 10 633 ROUTE 211 EAST · MIDDLETOWN, NY 10941	Accounting	$9,600
T ROWE PRICE RPS INC6+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$1,143

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$46K

$163 / participant

Investment mgmt$1K2.5%
Other / not subdivided$45K97.5%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

1 / 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: JGS, CPA, P.C.
Auditor EIN: 141619319
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,387

$78,419+49.7%

$133,978-12.4%

$73,412+59.9%

Participation rate

94.3%

78.6%+15.7pp

79.8%+14.5pp

72.2%+22.1pp

Annual return

14.57%

33.35%-18.8pp

45.10%-30.5pp

59.30%-44.7pp

Employer contribution / active EE

$1,645

$2,044-19.5%

$3,919-58.0%

$2,234-26.4%

Participant deferral / active EE

$2,970

$3,925-24.3%

$5,047-41.2%

$3,806-22.0%

Admin fee / account holder

$149

$161-7.3%

$8,930-98.3%

$158-5.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BANKING OP

Service code 16

1300 THAMES STREET · BALTIMORE, MD 21231

Consulting

$35,000

JUDELSON, GIORDANO & SIEGEL, PC3 years

Service code 10

633 ROUTE 211 EAST · MIDDLETOWN, NY 10941

Accounting

$9,600

T ROWE PRICE RPS INC6+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$1,143

FARRELL DISTRIBUTING CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARRELL DISTRIBUTING CORPORATION 401(K) PLAN

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