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 (2021) 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 2021

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.5M

+6.6% from 2020

Total participants

299

+3.5% from 2020

Average account balance

$46,074

+2.2% from 2020

Annual return

9.44%

-2.22 pp from 2020

Benchmarks

See 2,170 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,170 peers

Snapshot2021

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON7+ years Filed as: BNY MELLON Service code 28 · EIN 25-0659306 ONE FINANCIAL PLAZA, SUITE 220 · PROVIDENCE, RI 02903	Investment Management	$83,954
RPCG, LLC3 years Service code 15 · EIN 82-5042619 274 SILAS DEANE HWY, SUITE 2A · WETHERSFIELD, CT 06109	Recordkeeping	$20,600
WOLF & COMPANY, P.C.4 years Service code 10 99 HIGH STREET · BOSTON, MA 02110	Accounting	$13,700

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

$118K

$751 / participant

Contract admin$34K29.1%
Other / not subdivided$84K70.9%

% of EOY assets

0.876%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,074

$59,220-22.2%

$96,572-52.3%

$79,389-42.0%

Participation rate

95.5%

61.9%+33.6pp

69.8%+25.7pp

70.7%+24.8pp

Annual return

9.44%

27.08%-17.6pp

37.79%-28.4pp

116.89%-107.5pp

Employer contribution / active EE

$3,182

$1,216+161.6%

$2,357+35.0%

$2,428+31.0%

Participant deferral / active EE

$1,408

$2,948-52.3%

$3,850-63.4%

$4,046-65.2%

Admin fee / account holder

$404

$659-38.7%

$6,183-93.5%

$626-35.6%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON7+ years

Filed as: BNY MELLON

Service code 28 · EIN 25-0659306

ONE FINANCIAL PLAZA, SUITE 220 · PROVIDENCE, RI 02903

Investment Management

$83,954

RPCG, LLC3 years

Service code 15 · EIN 82-5042619

274 SILAS DEANE HWY, SUITE 2A · WETHERSFIELD, CT 06109

Recordkeeping

$20,600

WOLF & COMPANY, P.C.4 years

Service code 10

99 HIGH STREET · BOSTON, MA 02110

Accounting

$13,700

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