Retirement plan

E & A MARKETS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: E & A MARKETS, INC. - E & A MARKETS, INC. 401(K) PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: E & A MARKETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, E & A MARKETS, INC. 401(K) PROFIT SHARING PLAN & TRUST, E & A MARKETS, INC.

E & A MARKETS, INC.EIN 05-0304854Plan #002PY 2016

106 MAIN STREET - WESTERLY, RI 02891401-596-2054

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.4M

+6.7% from 2015

Total participants

235

+2.2% from 2015

Average account balance

$41,532

+3.8% from 2015

Annual return

4.71%

+6.28 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.21M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

301

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$645K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$426

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 3 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON2+ years Filed as: BNY MELLON Service code 28 · EIN 25-0659306 ONE FINANCIAL PLAZA, SUITE 220 · PROVIDENCE, RI 02903	Investment Management	$36,844
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN & COMPANY, LLP Service code 10 · EIN 22-2428965 10 WEYBOSSET ST, SUITE 700 · PROVIDENCE, RI 02903	Accounting	$16,702
THE RETIREMENT PLANNING GROUP2+ years Filed as: RETIREMENT PLANNING GROUP, LLP Service code 15 · EIN 04-3469730 628 HEBRON AVENUE, SUITE 308 · GLASTONBURY, CT 06033	Recordkeeping	$14,460

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$98K

$664 / participant

Investment mgmt$67K68.3%
Other / not subdivided$31K31.7%

% of EOY assets

1.047%

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: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,532

$42,546-2.4%

$71,796-42.2%

$55,167-24.7%

Participation rate

93.9%

59.1%+34.8pp

69.1%+24.8pp

69.0%+24.9pp

Annual return

4.71%

12.36%-7.7pp

78.04%-73.3pp

169.23%-164.5pp

Employer contribution / active EE

$1,796

$803+123.6%

$1,924-6.7%

$1,963-8.5%

Participant deferral / active EE

$1,099

$2,064-46.7%

$2,794-60.7%

$3,054-64.0%

Admin fee / account holder

$435

$650-33.1%

$4,815-91.0%

$504-13.7%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON2+ years

Filed as: BNY MELLON

Service code 28 · EIN 25-0659306

ONE FINANCIAL PLAZA, SUITE 220 · PROVIDENCE, RI 02903

Investment Management

$36,844

CITRIN COOPERMAN1 year

Filed as: CITRIN COOPERMAN & COMPANY, LLP

Service code 10 · EIN 22-2428965

10 WEYBOSSET ST, SUITE 700 · PROVIDENCE, RI 02903

Accounting

$16,702

THE RETIREMENT PLANNING GROUP2+ years

Filed as: RETIREMENT PLANNING GROUP, LLP

Service code 15 · EIN 04-3469730

628 HEBRON AVENUE, SUITE 308 · GLASTONBURY, CT 06033

Recordkeeping

$14,460

E & A MARKETS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

E & A MARKETS, INC. 401(K) PROFIT SHARING PLAN & 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