Retirement plan

SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN

Name: SONWIL DISTRIBUTION CENTER, INC. - SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN (2017) Form 5500
Creator: SONWIL DISTRIBUTION CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN, SONWIL DISTRIBUTION CENTER, INC.

SONWIL DISTRIBUTION CENTER, INC.EIN 16-0911273Plan #001PY 2017

100 SONWIL DRIVE - CHEEKTOWAGA, NY 14225716-684-0555sonwil.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$10.4M

+19.1% from 2016

Total participants

500

+76.1% from 2016

Average account balance

$25,389

-19.2% from 2016

Annual return

21.80%

+15.74 pp from 2016

Benchmarks

See 81 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort81 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.68M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

446

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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
NATIONWIDE3+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$41,128
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: P & A RETIREMENT PLAN SERVICES, INC Service code 64 17 COURT STREET SUITE 500 · BUFFALO, NY 14202	Recordkeeping Fees	$9,626
CADARET GRANT & CO INC3+ years Filed as: CADARET GRANT & COMPANY INC Service code 55 110 W FAYETTE ST, FTH FLOOR · SYRACUSE, NY 13202	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$51K

$114 / participant

Contract admin$51K100.0%

% of EOY assets

0.486%

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: FREED MAXICK CPAS, P.C.
Auditor EIN: 450451133
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,389

$35,955-29.4%

$78,210-67.5%

$69,631-63.5%

Participation rate

80.0%

67.2%+12.9pp

68.7%+11.3pp

70.7%+9.4pp

Annual return

21.80%

16.42%+5.4pp

40.90%-19.1pp

27571.02%-27549.2pp

Employer contribution / active EE

$60

$1,244-95.2%

$2,034-97.0%

$2,032-97.0%

Participant deferral / active EE

$1,343

$2,107-36.3%

$2,823-52.4%

$3,224-58.3%

Admin fee / account holder

$123

$86+43.7%

$3,758-96.7%

$110+11.8%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$41,128

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: P & A RETIREMENT PLAN SERVICES, INC

Service code 64

17 COURT STREET SUITE 500 · BUFFALO, NY 14202

Recordkeeping Fees

$9,626

CADARET GRANT & CO INC3+ years

Filed as: CADARET GRANT & COMPANY INC

Service code 55

110 W FAYETTE ST, FTH FLOOR · SYRACUSE, NY 13202

Other Commissions

SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT 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