Retirement plan

PARK SLOPE FOOD COOP, INC. 401(K) PLAN AND TRUST

Name: PARK SLOPE FOOD COOP, INC. - PARK SLOPE FOOD COOP, INC. 401(K) PLAN AND TRUST (2021) Form 5500
Creator: PARK SLOPE FOOD COOP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARK SLOPE FOOD COOP, INC. 401(K) PLAN AND TRUST, PARK SLOPE FOOD COOP, INC.

PARK SLOPE FOOD COOP, INC.EIN 11-2424740Plan #002PY 2021

782 UNION STREET - BROOKLYN, NY 11215718-783-2187foodcoop.comLinkedIn51-200 employeesfood & beverages

Other plans on this EIN

1 filing

#001Retirement-$11.4M assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5.2M

+23.4% from 2020

Total participants

108

-46.3% from 2020

Average account balance

$71,467

+28.4% from 2020

Annual return

13.36%

-4.08 pp from 2020

Benchmarks

See 9,330 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,330 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.95M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$512K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6284

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS FINANCIAL NETW Service code 15 · EIN 48-1305000	Recordkeeping	$22,301
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$1,439

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$13K

$133 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.241%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CORNICK GARBER SANDLER
Auditor EIN: 132620561
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,467

$70,430+1.5%

$96,572-26.0%

$85,851-16.8%

Participation rate

63.2%

61.8%+1.3pp

69.8%-6.7pp

69.3%-6.2pp

Annual return

13.36%

18.58%-5.2pp

37.79%-24.4pp

318.63%-305.3pp

Employer contribution / active EE

$1,413-100.0%

$2,357-100.0%

$2,565-100.0%

Participant deferral / active EE

$5,077

$2,894+75.4%

$3,850+31.9%

$3,952+28.5%

Admin fee / account holder

$172

$4,996-96.5%

$6,183-97.2%

$6,261-97.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS FINANCIAL NETW

Service code 15 · EIN 48-1305000

Recordkeeping

$22,301

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$1,439

PARK SLOPE FOOD COOP, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARK SLOPE FOOD COOP, INC. 401(K) PLAN AND 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