Retirement plan

BEAM MACK SALES & SERVICE, INC. 401K PLAN

Name: BEAM MACK SALES & SERVICE, INC. - BEAM MACK SALES & SERVICE, INC. 401K PLAN (2022) 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 2022

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.5M

-6.9% from 2021

Total participants

328

+5.5% from 2021

Average account balance

$30,470

-5.3% from 2021

Annual return

-12.67%

-21.48 pp from 2021

Benchmarks

See 2,204 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,204 peers

Snapshot2022

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.1 year Filed as: RIMKUS, MARCIANO & ASSOCIATES INC Service code 49	Other Services	$21,071
RIMKUS, MARCIANO & ASSOCIATES, INC.1 year Filed as: RIMKUS, MARCIANO, & ASSOCIATES INC Service code 49 · EIN 22-2725182 3136 WINTON RD. S. STE 300 · ROCHESTER, NY 14623	Other Services	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 26 · EIN 71-0294708	Advisory (Participants)	$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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$15 / participant

Contract admin$3K100.0%

% of EOY assets

0.035%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,470

$49,471-38.4%

$79,583-61.7%

$66,949-54.5%

Participation rate

76.3%

61.4%+15.0pp

69.5%+6.8pp

69.8%+6.5pp

Annual return

-12.67%

84.30%-97.0pp

0.16%-12.8pp

1.57%-14.2pp

Employer contribution / active EE

$771

$1,266-39.1%

$2,414-68.1%

$2,545-69.7%

Participant deferral / active EE

$3,331

$3,160+5.4%

$3,986-16.4%

$4,239-21.4%

Admin fee / account holder

$11

$595-98.2%

$6,835-99.8%

$594-98.2%

Provider

Service type

Compensation

RIMKUS, MARCIANO & ASSOCIATES, INC.1 year

Filed as: RIMKUS, MARCIANO & ASSOCIATES INC

Service code 49

Other Services

$21,071

RIMKUS, MARCIANO & ASSOCIATES, INC.1 year

Filed as: RIMKUS, MARCIANO, & ASSOCIATES INC

Service code 49 · EIN 22-2725182

3136 WINTON RD. S. STE 300 · ROCHESTER, NY 14623

Other Services

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 26 · EIN 71-0294708

Advisory (Participants)

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