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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$11.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.9M

+15.8% from 2023

Total participants

-5.2% from 2023

Average account balance

$83,784

+14.2% from 2023

Annual return

14.50%

-3.02 pp from 2023

Benchmarks

See 9,334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,334 peers

Snapshot2024

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$446K

$5794 / participant

Other / not subdivided$446K100.0%

% of EOY assets

7.500%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,784

$71,215+17.6%

$93,696-10.6%

$80,935+3.5%

Participation rate

74.0%

60.4%+13.6pp

68.7%+5.3pp

67.7%+6.4pp

Annual return

14.50%

11.27%+3.2pp

133.74%-119.2pp

35.66%-21.2pp

Employer contribution / active EE

$1,565-100.0%

$2,422-100.0%

$2,757-100.0%

Participant deferral / active EE

$6,647

$4,037+64.7%

$4,417+50.5%

$4,299+54.6%

Admin fee / account holder

$6,284

$6,958-9.7%

$8,287-24.2%

$6,924-9.2%

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