Retirement plan

EMPIRE COFFEE CO. 401(K) RETIREMENT PLAN

Name: EMPIRE COFFEE CO., INC. - EMPIRE COFFEE CO. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: EMPIRE COFFEE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPIRE COFFEE CO. 401(K) RETIREMENT PLAN, EMPIRE COFFEE CO., INC.

EMPIRE COFFEE CO., INC.EIN 11-2685979Plan #001PY 2021

106 PURDY AVENUE - PORT CHESTER, NY 10573914-934-1100empirecoffeeny.comLinkedIn11-50 employees

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$1.3M

+28.5% from 2020

Total participants

0.0% from 2020

Average account balance

$65,606

+28.5% from 2020

Annual return

24.95%

+7.13 pp from 2020

Benchmarks

See 3,802 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,802 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$663K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1730

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 codes2E2G2J2F

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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$65,606

$110,801-40.8%

$86,868-24.5%

$167,518-60.8%

Participation rate

100.0%

75.8%+24.2pp

71.6%+28.4pp

82.1%+17.9pp

Annual return

24.95%

117.00%-92.1pp

63.53%-38.6pp

478.71%-453.8pp

Employer contribution / active EE

$3,245-100.0%

$2,496-100.0%

$4,838-100.0%

Participant deferral / active EE

$1,817

$4,547-60.0%

$3,699-50.9%

$6,342-71.3%

Admin fee / account holder

$8,417-100.0%

$5,829-100.0%

$12,312-100.0%

EMPIRE COFFEE CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

EMPIRE COFFEE CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion