Retirement plan

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN

Name: BAKER DISTRIBUTING CORPORATION - BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN (2016) 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 2016

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

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$8.3M

+8.2% from 2015

Total participants

245

-0.4% from 2015

Average account balance

$33,856

+7.3% from 2015

Annual return

4.55%

+3.21 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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 INC2+ years Filed as: CITIGROUP GLOBAL MARKETS, INC. Service code 26 · EIN 13-2919773 105 WEST VIEW DRIVE · COLCHESTER, VT 05446	Advisory (Participants)	$19,301
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 13 · EIN 62-1868111 300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746	Contract Administrator	$13,985

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$178 / participant

Investment mgmt$19K58.0%
Contract admin$14K42.0%

% of EOY assets

0.401%

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

$33,856

$63,924-47.0%

$108,582-68.8%

$55,167-38.6%

Participation rate

100.0%

74.3%+25.7pp

79.6%+20.4pp

69.0%+31.0pp

Annual return

4.55%

15.31%-10.8pp

-51.70%+56.2pp

169.23%-164.7pp

Employer contribution / active EE

$963

$1,879-48.8%

$3,758-74.4%

$1,963-51.0%

Participant deferral / active EE

$1,303

$3,067-57.5%

$4,311-69.8%

$3,054-57.3%

Admin fee / account holder

$136

$618-78.0%

$7,645-98.2%

$504-73.0%

Provider

Service type

Compensation

CITIGROUP GLOBAL MARKETS INC2+ years

Filed as: CITIGROUP GLOBAL MARKETS, INC.

Service code 26 · EIN 13-2919773

105 WEST VIEW DRIVE · COLCHESTER, VT 05446

Advisory (Participants)

$19,301

NEWPORT GROUP, INC.2+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 13 · EIN 62-1868111

300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746

Contract Administrator

$13,985

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