Retirement plan

POLAR BEVERAGES RETIREMENT PLAN

Name: POLAR CORP. - POLAR BEVERAGES RETIREMENT PLAN (2015) Form 5500
Creator: POLAR CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POLAR BEVERAGES RETIREMENT PLAN, POLAR CORP.

POLAR CORP.EIN 04-3026575Plan #002PY 2015

1001 SOUTHBRIDGE ST - WORCESTER, MA 01610508-753-4300

Prospect flagsLow returnsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$41.3M

No prior year

Total participants

1,224

No prior year

Average account balance

$36,030

No prior year

Annual return

-1.31%

No prior year

Benchmarks

See 199 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort199 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$102.43M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

2,075

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130	Recordkeeping	$112,180
COMMONWEALTH FINANCIAL NETWORK1+ years Filed as: COMMONWEALTH Service code 33	Other fees; Securities brokerage	$66,881
SUMMIT FINANCIAL CORPORATION1+ years Service code 13 · EIN 04-3222046	Contract Administrator	$59,396
NATIONWIDE1+ years Service code 15	Recordkeeping	$57,580
JP MORGAN INVESTMENT MANAGEMENT INC1+ years Filed as: MEEDER ADVISORY SERVICES Service code 26 · EIN 31-1332744	Advisory (Participants)	$14,161
COMMONWEALTH FINANCIAL NETWORK1+ years Filed as: COMMONWEALTH FINANCIAL NETOWRK Service code 33 · EIN 04-2675571	Other fees; Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$168K

$154 / participant

Investment mgmt$168K100.0%

% of EOY assets

0.408%

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: BOLLUS & LYNCH, LLP
Auditor EIN: 043037870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,030

$54,890-34.4%

$63,244-43.0%

$59,188-39.1%

Participation rate

92.8%

75.6%+17.2pp

71.0%+21.7pp

69.4%+23.4pp

Annual return

-1.31%

4.56%-5.9pp

-70.31%+69.0pp

5.51%-6.8pp

Employer contribution / active EE

$449

$1,831-75.5%

$2,322-80.7%

$2,098-78.6%

Participant deferral / active EE

$2,804

$2,803+0.1%

$2,953-5.1%

$3,265-14.1%

Admin fee / account holder

$147

$66+122.1%

$5,893-97.5%

$92+59.4%

Provider

Service type

Compensation

NATIONWIDE1+ years

Filed as: NATIONWIDE TRUST COMPANY

Service code 15 · EIN 31-1592130

Recordkeeping

$112,180

COMMONWEALTH FINANCIAL NETWORK1+ years

Filed as: COMMONWEALTH

Service code 33

Other fees; Securities brokerage

$66,881

SUMMIT FINANCIAL CORPORATION1+ years

Service code 13 · EIN 04-3222046

Contract Administrator

$59,396

NATIONWIDE1+ years

Service code 15

Recordkeeping

$57,580

JP MORGAN INVESTMENT MANAGEMENT INC1+ years

Filed as: MEEDER ADVISORY SERVICES

Service code 26 · EIN 31-1332744

Advisory (Participants)

$14,161

COMMONWEALTH FINANCIAL NETWORK1+ years

Filed as: COMMONWEALTH FINANCIAL NETOWRK

Service code 33 · EIN 04-2675571

Other fees; Securities brokerage

POLAR BEVERAGES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POLAR BEVERAGES 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