Retirement plan

JETRO CASH & CARRY ENTERPRISES, LLC RETIREMENT SAVINGS PLAN

Name: JETRO CASH & CARRY ENTERPRISES, LLC - JETRO CASH & CARRY ENTERPRISES, LLC RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: JETRO CASH & CARRY ENTERPRISES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JETRO CASH & CARRY ENTERPRISES, LLC RETIREMENT SAVINGS PLAN, JETRO CASH & CARRY ENTERPRISES, LLC

JETRO CASH & CARRY ENTERPRISES, LLCEIN 13-2847390Plan #001PY 2020

1710 WHITESTONE EXPY - WHITESTONE, NY 11357718-559-4212LinkedIn11-50 employeescomputer software

Prospect flagsLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$139.6M

+13.1% from 2019

Total participants

3,903

+5.4% from 2019

Average account balance

$67,234

+11.4% from 2019

Annual return

13.43%

-6.07 pp from 2019

Benchmarks

See 289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort289 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$163.67M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

1,861

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.

39.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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 10 by compensation

Provider	Service type	Compensation
FISHER INVESTMENTS2 years Service code 33 · EIN 20-2480800	Securities brokerage	$4,473
JPMORGAN INVEST HOLDINGS LLC6+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$4,301
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Securities brokerage	$346
BARCLAYS CAPITAL LE1 year Filed as: BARCLAYS CAPITALE LE Service code 33	Securities brokerage	$27
INSTINET3 years Service code 33	Securities brokerage	$24
CREDIT SUISSE1 year Filed as: CREDIT SUISSE SECURITIES USA, INC Service code 33	Securities brokerage	$9
JEFFERIES LLC2 years Filed as: JEFFRIES LLC Service code 33	Securities brokerage	$7
GOLDMAN SACHS3 years Filed as: GOLDMAN, SACHS & CO. Service code 33	Securities brokerage	$4
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO, INC Service code 33	Securities brokerage	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
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.

Opportunity flags

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$0 / participant

Contract admin$1K100.0%

% of EOY assets

0.001%

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: NUSSBAUM BERG KLEIN & WOLPOW CPAS
Auditor EIN: 260221653
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,234

$82,783-18.8%

$133,959-49.8%

$90,274-25.5%

Participation rate

48.7%

81.3%-32.6pp

79.8%-31.2pp

73.4%-24.7pp

Annual return

13.43%

21.89%-8.5pp

45.09%-31.7pp

53.97%-40.5pp

Employer contribution / active EE

$801

$2,388-66.4%

$3,919-79.6%

$2,523-68.2%

Participant deferral / active EE

$1,760

$4,291-59.0%

$5,047-65.1%

$4,231-58.4%

Admin fee / account holder

$93-99.3%

$8,928-100.0%

$114-99.4%

Provider

Service type

Compensation

FISHER INVESTMENTS2 years

Service code 33 · EIN 20-2480800

Securities brokerage

$4,473

JPMORGAN INVEST HOLDINGS LLC6+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$4,301

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Securities brokerage

$346

BARCLAYS CAPITAL LE1 year

Filed as: BARCLAYS CAPITALE LE

Service code 33

Securities brokerage

$27

INSTINET3 years

Service code 33

Securities brokerage

$24

CREDIT SUISSE1 year

Filed as: CREDIT SUISSE SECURITIES USA, INC

Service code 33

Securities brokerage

JEFFERIES LLC2 years

Filed as: JEFFRIES LLC

Service code 33

Securities brokerage

GOLDMAN SACHS3 years

Filed as: GOLDMAN, SACHS & CO.

Service code 33

Securities brokerage

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO, INC

Service code 33

Securities brokerage

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage

JETRO CASH & CARRY ENTERPRISES, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JETRO CASH & CARRY ENTERPRISES, LLC RETIREMENT SAVINGS 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