Retirement plan

BOSTON BEER COMPANY 401(K) PLAN

Name: BOSTON BEER CORPORATION - BOSTON BEER COMPANY 401(K) PLAN (2016) Form 5500
Creator: BOSTON BEER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOSTON BEER COMPANY 401(K) PLAN, BOSTON BEER CORPORATION

BOSTON BEER CORPORATIONEIN 04-3537265Plan #001PY 2016

ONE DESIGN CENTER PLACE SUITE 850 - BOSTON, MA 02210617-368-5000bostonbeer.comLinkedIn1001-5000 employeesfood & beverages

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$95.6M

-12.4% from 2016

Total participants

1,716

-4.7% from 2016

Average account balance

$56,568

-6.2% from 2016

Annual return

9.46%

-7.07 pp from 2016

Benchmarks

See 228 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort228 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$353.39M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

3,027

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+19.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 4 by compensation

Provider	Service type	Compensation
DELOITTE & TOUCHE LLP1 year Service code 10 PO BOX 7247-6446 · PHILADELPHIA, PA 191706446	Accounting	$40,275
THE BOSTONIAN GROUP1 year Filed as: THE BOSTONIAN GROUP INSURANCE AGENC Service code 27 500 BOYLSTON ST 3RD FLOOR · BOSTON, MA 02116	Advisory (Plan)	$20,855
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$17,697
MMA SECURITIES LLC1 year Service code 27 PO BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$7,164

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$69K

$49 / participant

Investment mgmt$28K40.8%
Contract admin$18K25.8%
Other / not subdivided$23K33.4%

% of EOY assets

0.072%

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: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,568

$58,758-3.7%

$69,779-18.9%

$63,975-11.6%

Participation rate

98.1%

77.5%+20.7pp

71.8%+26.3pp

71.1%+27.0pp

Annual return

9.46%

18.05%-8.6pp

12.99%-3.5pp

48.65%-39.2pp

Employer contribution / active EE

$2,497

$1,973+26.6%

$2,338+6.8%

$2,182+14.5%

Participant deferral / active EE

$5,698

$2,912+95.7%

$2,931+94.4%

$3,356+69.8%

Admin fee / account holder

$41

$71-42.8%

$4,381-99.1%

$70-42.3%

Provider

Service type

Compensation

DELOITTE & TOUCHE LLP1 year

Service code 10

PO BOX 7247-6446 · PHILADELPHIA, PA 191706446

Accounting

$40,275

THE BOSTONIAN GROUP1 year

Filed as: THE BOSTONIAN GROUP INSURANCE AGENC

Service code 27

500 BOYLSTON ST 3RD FLOOR · BOSTON, MA 02116

Advisory (Plan)

$20,855

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$17,697

MMA SECURITIES LLC1 year

Service code 27

PO BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$7,164

BOSTON BEER COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOSTON BEER COMPANY 401(K) 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