Retirement plan

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN

Name: BAKER DISTRIBUTING CORPORATION - BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: BAKER DISTRIBUTING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN, BAKER DISTRIBUTING CORPORATION

BAKER DISTRIBUTING CORPORATIONEIN 03-0215576Plan #001PY 2015

P.O. BOX 50 - NORTH CLARENDON, VT 05759802-773-3397

Prospect flagsHigh cashLow participant contribution

How to read this page

Total assets (EOY)

$7.7M

No prior year

Total participants

246

No prior year

Average account balance

$31,556

No prior year

Annual return

1.34%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.40M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

264

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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 2 by compensation

Provider	Service type	Compensation
CITIGROUP GLOBAL MARKETS INC1+ years Filed as: CITIGROUP GLOBAL MARKETS, INC. Service code 26 · EIN 13-2919773 105 WEST VIEW DRIVE · COLCHESTER, VT 05446	Advisory (Participants)	$18,410
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 13 · EIN 62-1868111 300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746	Contract Administrator	$17,232

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$36K

$194 / participant

Investment mgmt$18K51.7%
Contract admin$17K48.3%

% of EOY assets

0.465%

all-in expense ratio

Categories reported

2 / 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: GALLAGHER FLYNN & COMPANY
Auditor EIN: 030225774
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,556

$57,108-44.7%

$94,228-66.5%

$52,331-39.7%

Participation rate

98.4%

72.9%+25.4pp

78.8%+19.6pp

68.1%+30.3pp

Annual return

1.34%

1.47%-0.1pp

10.68%-9.3pp

4.54%-3.2pp

Employer contribution / active EE

$998

$1,735-42.5%

$3,587-72.2%

$1,882-47.0%

Participant deferral / active EE

$1,262

$3,040-58.5%

$4,320-70.8%

$3,022-58.3%

Admin fee / account holder

$147

$546-73.2%

$6,269-97.7%

$592-75.2%

Provider

Service type

Compensation

CITIGROUP GLOBAL MARKETS INC1+ years

Filed as: CITIGROUP GLOBAL MARKETS, INC.

Service code 26 · EIN 13-2919773

105 WEST VIEW DRIVE · COLCHESTER, VT 05446

Advisory (Participants)

$18,410

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 13 · EIN 62-1868111

300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746

Contract Administrator

$17,232

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING 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