Retirement plan

FIRST SPICE MIXING CO., INC. PROFIT SHARING PLAN

Name: FIRST SPICE MIXING CO., INC. - FIRST SPICE MIXING CO., INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: FIRST SPICE MIXING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST SPICE MIXING CO., INC. PROFIT SHARING PLAN, FIRST SPICE MIXING CO., INC.

FIRST SPICE MIXING CO., INC.EIN 13-5534082Plan #001PY 2019

33-33 GREENPOINT AVENUE - LONG ISLAND CITY, NY 111012011718-361-2556firstspice.comLinkedIn11-50 employeesfood production

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$9M

-5.0% from 2018

Total participants

-13.0% from 2018

Average account balance

$451,343

+4.5% from 2018

Annual return

-2.53%

-9.40 pp from 2018

Benchmarks

See 22,309 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,309 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.19M

Not enough data

1 years with asset history on file

Average account balance

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

$463K

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

$349K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175009

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 codes2E

Plan features

2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$537K

$28257 / participant

Other / not subdivided$537K100.0%

% of EOY assets

5.948%

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

$451,343

$152,592+195.8%

$125,180+260.6%

$152,885+195.2%

Participation rate

100.0%

83.3%+16.7pp

79.8%+20.2pp

82.5%+17.5pp

Annual return

-2.53%

54.84%-57.4pp

43.79%-46.3pp

345.39%-347.9pp

Employer contribution / active EE

$14,221

$4,947+187.5%

$3,866+267.9%

$4,763+198.6%

Participant deferral / active EE

$5,868-100.0%

$4,937-100.0%

$5,851-100.0%

Admin fee / account holder

$26,844

$13,435+99.8%

$9,703+176.7%

$11,598+131.4%

FIRST SPICE MIXING CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST SPICE MIXING CO., INC. PROFIT SHARING 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