Retirement plan

HBC EMPLOYEES TRUST

Name: HORIZON BEVERAGE COMPANY - HBC EMPLOYEES TRUST (2020) Form 5500
Creator: HORIZON BEVERAGE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HBC EMPLOYEES TRUST, HORIZON BEVERAGE COMPANY

HORIZON BEVERAGE COMPANYEIN 04-1123650Plan #001PY 2020

45 COMMERCE WAY - NORTON, MA 02766508-587-1110

Other plans on this EIN

1 filing

#002Retirement-$16.2M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$49.9M

+6.5% from 2019

Total participants

250

-5.3% from 2019

Average account balance

$215,927

+8.8% from 2019

Annual return

7.69%

-5.03 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.52M

Not enough data

1 years with asset history on file

Average account balance

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

$261K

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.

240

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+25.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$778

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 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$148,344
PENSIONMARK FINANCIAL GROUP LLC3 years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632	Advisory (Plan)	$24,725
RAPHAEL AND RAPHAEL LLP1 year Service code 10 · EIN 04-2206126	Accounting	$22,750
THE ANGELL PENSION GROUP, INC.3 years Filed as: THE ANGELL PENSION GROUP INC. Service code 13	Contract Administrator	$16,857
AMERICAN FUNDS3 years Service code 52 · EIN 66-0793788	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS2 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY ADVISOR Service code 52 · EIN 45-0515059	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
JANUS HENDERSON2 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$196K

$994 / participant

Investment mgmt$170K87.0%
Contract admin$3K1.4%
Other / not subdivided$23K11.6%

% of EOY assets

0.393%

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: RAPHAEL & RAPHAEL LLP
Auditor EIN: 042206126
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$215,927

$81,494+165.0%

$133,978+61.2%

$73,497+193.8%

Participation rate

90.4%

76.4%+14.0pp

79.8%+10.5pp

70.7%+19.7pp

Annual return

7.69%

19.40%-11.7pp

45.10%-37.4pp

28.51%-20.8pp

Employer contribution / active EE

$2,994

$2,210+35.5%

$3,919-23.6%

$2,270+31.9%

Participant deferral / active EE

$7,019

$3,787+85.3%

$5,047+39.1%

$3,740+87.7%

Admin fee / account holder

$848

$713+18.8%

$8,930-90.5%

$513+65.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$148,344

PENSIONMARK FINANCIAL GROUP LLC3 years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27 · EIN 61-1758632

Advisory (Plan)

$24,725

RAPHAEL AND RAPHAEL LLP1 year

Service code 10 · EIN 04-2206126

Accounting

$22,750

THE ANGELL PENSION GROUP, INC.3 years

Filed as: THE ANGELL PENSION GROUP INC.

Service code 13

Contract Administrator

$16,857

AMERICAN FUNDS3 years

Service code 52 · EIN 66-0793788

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS2 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 45-0515059

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Service code 52 · EIN 13-3151768

Indirect Investment Fees

JANUS HENDERSON2 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

HBC EMPLOYEES TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HBC EMPLOYEES TRUST

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