Retirement plan

WEST SIDE FOODS, INC. SAVINGS AND PROTECTION PLAN

Name: WEST SIDE FOODS, INC. - WEST SIDE FOODS, INC. SAVINGS AND PROTECTION PLAN (2017) Form 5500
Creator: WEST SIDE FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST SIDE FOODS, INC. SAVINGS AND PROTECTION PLAN, WEST SIDE FOODS, INC.

WEST SIDE FOODS, INC.EIN 13-1913027Plan #001PY 2017

355 FOOD CENTER DRIVE E BUILDING - BRONX, NY 10474718-842-8500

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$18.9M

+13.4% from 2016

Total participants

149

-5.7% from 2016

Average account balance

$192,674

+13.4% from 2016

Annual return

11.97%

+6.82 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.31M

Not enough data

1 years with asset history on file

Average account balance

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

$306K

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.

112

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.

68.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+21.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$771

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 2 by compensation

Provider	Service type	Compensation
RAICH ENDE MALTER & CO. LLP1 year Filed as: RAICH ENDE MALTER & CO LLP Service code 10 90 MERRICK AVE, STE 802 · EAST MEADOW, NY 11554	Accounting	$23,500
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 25 · EIN 95-1411037	Directed Trustee	$3,042

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$190 / participant

Contract admin$15K56.0%
Other / not subdivided$12K44.0%

% of EOY assets

0.141%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RAICH ENDE MALTER & CO. LLP
Auditor EIN: 112336434
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$192,674

$71,192+170.6%

$117,860+63.5%

$62,293+209.3%

Participation rate

63.6%

74.2%-10.7pp

79.7%-16.1pp

69.5%-5.9pp

Annual return

11.97%

18.66%-6.7pp

335.10%-323.1pp

28.90%-16.9pp

Employer contribution / active EE

$2,467

$1,934+27.6%

$3,786-34.8%

$2,042+20.8%

Participant deferral / active EE

$4,869

$3,189+52.7%

$4,482+8.6%

$3,169+53.6%

Admin fee / account holder

$271

$587-53.9%

$8,021-96.6%

$479-43.5%

Provider

Service type

Compensation

RAICH ENDE MALTER & CO. LLP1 year

Filed as: RAICH ENDE MALTER & CO LLP

Service code 10

90 MERRICK AVE, STE 802 · EAST MEADOW, NY 11554

Accounting

$23,500

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 25 · EIN 95-1411037

Directed Trustee

$3,042

WEST SIDE FOODS, INC. SAVINGS AND PROTECTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST SIDE FOODS, INC. SAVINGS AND PROTECTION 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