Retirement plan

BEAM MACK SALES & SERVICE, INC. 401K PLAN

Name: BEAM MACK SALES & SERVICE, INC. - BEAM MACK SALES & SERVICE, INC. 401K PLAN (2020) 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 2020

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

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

+13.8% from 2019

Total participants

305

0.0% from 2019

Average account balance

$34,049

+11.7% from 2019

Annual return

10.10%

-6.88 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$32,012
RIMKUS, MARCIANO & ASSOCIATES, INC.6+ years Service code 15 · EIN 22-2725182 3136 WINTON RD S. · ROCHESTER, NY 14623	Recordkeeping	$12,661
WILMINGTON TRUST1 year Filed as: WILMINGTON TRUST COMPANY Service code 27 · EIN 16-1486454 1100 N MARKET STREET · WILMINGTON, DE 19890	Advisory (Plan)	$2,897
SECURITIES AMERICA INC6+ 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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$14 / participant

Contract admin$3K100.0%

% of EOY assets

0.031%

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

$34,049

$54,573-37.6%

$90,970-62.6%

$73,497-53.7%

Participation rate

86.9%

61.2%+25.7pp

69.0%+17.9pp

70.7%+16.2pp

Annual return

10.10%

16.69%-6.6pp

134.60%-124.5pp

28.51%-18.4pp

Employer contribution / active EE

$421

$991-57.6%

$2,122-80.2%

$2,270-81.5%

Participant deferral / active EE

$2,716

$2,517+7.9%

$3,373-19.5%

$3,740-27.4%

Admin fee / account holder

$11

$521-98.0%

$5,961-99.8%

$513-97.9%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$32,012

RIMKUS, MARCIANO & ASSOCIATES, INC.6+ years

Service code 15 · EIN 22-2725182

3136 WINTON RD S. · ROCHESTER, NY 14623

Recordkeeping

$12,661

WILMINGTON TRUST1 year

Filed as: WILMINGTON TRUST COMPANY

Service code 27 · EIN 16-1486454

1100 N MARKET STREET · WILMINGTON, DE 19890

Advisory (Plan)

$2,897

SECURITIES AMERICA INC6+ 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