Retirement plan

OCEAN STATE JOBBERS, INC. & AFFILIATES 401(K) PLAN

Name: A&M SPECIAL PURCHASING, INC. - OCEAN STATE JOBBERS, INC. & AFFILIATES 401(K) PLAN (2022) Form 5500
Creator: A&M SPECIAL PURCHASING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN STATE JOBBERS, INC. & AFFILIATES 401(K) PLAN, A&M SPECIAL PURCHASING, INC.

A&M SPECIAL PURCHASING, INC.dba OCEAN STATE JOBBERS, INC. & AFFILIATESEIN 05-0405488Plan #005PY 2022

375 COMMERCE PARK ROAD - NORTH KINGSTOWN, RI 02852401-214-9262LinkedIn1001-5000 employeesmotion pictures and film

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$32.6M

-10.9% from 2021

Total participants

3,542

+9.9% from 2021

Average account balance

$35,703

-11.6% from 2021

Annual return

-12.99%

-25.79 pp from 2021

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.10M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

944

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.

16.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$761

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP INC. Service code 13 · EIN 27-2037969	Contract Administrator	$18,534

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$6 / participant

Contract admin$19K100.0%

% of EOY assets

0.057%

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: KAHN, LITWIN, RENZA & CO., LTD
Auditor EIN: 050409384
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,703

$95,388-62.6%

$125,391-71.5%

$77,906-54.2%

Participation rate

19.7%

78.6%-58.9pp

82.4%-62.7pp

73.7%-54.0pp

Annual return

-12.99%

116.19%-129.2pp

572.41%-585.4pp

12.16%-25.1pp

Employer contribution / active EE

$3,666-100.0%

$4,816-100.0%

$2,846-100.0%

Participant deferral / active EE

$832

$7,711-89.2%

$7,448-88.8%

$4,805-82.7%

Admin fee / account holder

$20

$119-82.9%

$10,009-99.8%

$133-84.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP INC.

Service code 13 · EIN 27-2037969

Contract Administrator

$18,534

OCEAN STATE JOBBERS, INC. & AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN STATE JOBBERS, INC. & AFFILIATES 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