Retirement plan

HORIZON BEVERAGE CO., INC. 401K RETIREMENT PLAN

Name: HORIZON BEVERAGE COMPANY, INC. - HORIZON BEVERAGE CO., INC. 401K RETIREMENT PLAN (2021) Form 5500
Creator: HORIZON BEVERAGE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORIZON BEVERAGE CO., INC. 401K RETIREMENT PLAN, HORIZON BEVERAGE COMPANY, INC.

HORIZON BEVERAGE COMPANY, INC.EIN 04-1123650Plan #002PY 2021

45 COMMERCE WAY - NORTON, MA 02766800-696-2337

Other plans on this EIN

1 filing

#001Retirement-$61.3M assets

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$19.3M

+18.5% from 2020

Total participants

162

-1.2% from 2020

Average account balance

$170,359

+17.5% from 2020

Annual return

28.49%

+18.93 pp from 2020

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.81M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

106

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+30.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$650

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 10 of 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$52,072
RAPHAEL AND RAPHAEL LLP6+ years Service code 10 · EIN 04-2206126	Accounting	$11,700
PENSIONMARK FINANCIAL GROUP LLC4 years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632	Advisory (Plan)	$10,613
THE ANGELL PENSION GROUP, INC.6+ years Service code 13 · EIN 04-2530412	Contract Administrator	$5,864
AMERICAN FUNDS4 years Service code 52 · EIN 66-0793788	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS3 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY ADVISOR Service code 52 · EIN 45-0515059	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3D2F

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$543 / participant

Investment mgmt$61K82.1%
Contract admin$2K2.2%
Other / not subdivided$12K15.7%

% of EOY assets

0.386%

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

$170,359

$93,182+82.8%

$146,647+16.2%

$79,389+114.6%

Participation rate

64.2%

76.4%-12.2pp

80.1%-15.8pp

70.7%-6.5pp

Annual return

28.49%

21.61%+6.9pp

22.75%+5.7pp

116.89%-88.4pp

Employer contribution / active EE

$23

$2,420-99.0%

$4,137-99.4%

$2,428-99.0%

Participant deferral / active EE

$7,006

$4,169+68.0%

$5,506+27.2%

$4,046+73.2%

Admin fee / account holder

$658

$585+12.5%

$10,281-93.6%

$626+5.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$52,072

RAPHAEL AND RAPHAEL LLP6+ years

Service code 10 · EIN 04-2206126

Accounting

$11,700

PENSIONMARK FINANCIAL GROUP LLC4 years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27 · EIN 61-1758632

Advisory (Plan)

$10,613

THE ANGELL PENSION GROUP, INC.6+ years

Service code 13 · EIN 04-2530412

Contract Administrator

$5,864

AMERICAN FUNDS4 years

Service code 52 · EIN 66-0793788

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS3 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 45-0515059

Indirect Investment Fees

FRANKLIN TEMPLETON4 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

HORIZON BEVERAGE CO., INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORIZON BEVERAGE CO., INC. 401K RETIREMENT 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