Retirement plan

BEAM MACK SALES & SERVICE, INC. 401K PLAN

Name: BEAM MACK SALES & SERVICE, INC. - BEAM MACK SALES & SERVICE, INC. 401K PLAN (2016) Form 5500
Creator: BEAM MACK SALES & SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEAM MACK SALES & SERVICE, INC. 401K PLAN, BEAM MACK SALES & SERVICE, INC.

BEAM MACK SALES & SERVICE, INC.EIN 16-0742432Plan #001PY 2016

2674 WEST HENRIETTA RD - ROCHESTER, NY 14623585-424-4680LinkedIn1-10 employees

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

+3.3% from 2015

Total participants

248

-2.7% from 2015

Average account balance

$29,622

-4.3% from 2015

Annual return

7.38%

+7.72 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.97M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

249

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.

69.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$960K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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 3 by compensation

Provider	Service type	Compensation
RIMKUS, MARCIANO & ASSOCIATES, INC.2+ years Service code 15 · EIN 22-2725182 3136 WINTON RD S. · ROCHESTER, NY 14623	Recordkeeping	$14,487
NATIONWIDE2+ years Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$13,176
SECURITIES AMERICA INC2+ years Filed as: M&T SECURITIES Service code 27 · EIN 16-6265706 285 DELAWARE AVE · BUFFALO, NY 14202	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2H2J2T3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$45 / participant

Investment mgmt$9K100.0%

% of EOY assets

0.132%

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: KASPERSKI, DINAN & RINK CPA'S, LLC
Auditor EIN: 203528180
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,622

$42,546-30.4%

$71,796-58.7%

$55,167-46.3%

Participation rate

84.9%

59.1%+25.8pp

69.1%+15.8pp

69.0%+15.9pp

Annual return

7.38%

12.36%-5.0pp

78.04%-70.7pp

169.23%-161.8pp

Employer contribution / active EE

$521

$803-35.2%

$1,924-72.9%

$1,963-73.5%

Participant deferral / active EE

$2,233

$2,064+8.1%

$2,794-20.1%

$3,054-26.9%

Admin fee / account holder

$39

$650-94.0%

$4,815-99.2%

$504-92.2%

Provider

Service type

Compensation

RIMKUS, MARCIANO & ASSOCIATES, INC.2+ years

Service code 15 · EIN 22-2725182

3136 WINTON RD S. · ROCHESTER, NY 14623

Recordkeeping

$14,487

NATIONWIDE2+ years

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$13,176

SECURITIES AMERICA INC2+ years

Filed as: M&T SECURITIES

Service code 27 · EIN 16-6265706

285 DELAWARE AVE · BUFFALO, NY 14202

Advisory (Plan)

BEAM MACK SALES & SERVICE, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEAM MACK SALES & SERVICE, INC. 401K 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