Retirement plan

SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN

Name: SONWIL DISTRIBUTION CENTER, INC. - SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN (2019) 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 2019

2732 TRANSIT RD. - WEST SENECA, NY 14224716-684-0555sonwil.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13M

+24.3% from 2018

Total participants

601

+1.5% from 2018

Average account balance

$25,521

+16.0% from 2018

Annual return

23.51%

+29.85 pp from 2018

Benchmarks

See 93 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort93 peers

Snapshot2019

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
NATIONWIDE5+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$51,417
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: P & A RETIREMENT PLAN SERVICES, INC Service code 64 17 COURT STREET SUITE 500 · BUFFALO, NY 14202	Recordkeeping Fees	$18,136
CADARET GRANT & CO INC5+ 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

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

$70K

$142 / participant

Contract admin$70K100.0%

% of EOY assets

0.533%

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, PC
Auditor EIN: 450451133
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,521

$33,826-24.6%

$88,632-71.2%

$67,582-62.2%

Participation rate

81.7%

64.6%+17.1pp

68.8%+12.9pp

71.3%+10.4pp

Annual return

23.51%

68.24%-44.7pp

43.75%-20.2pp

378.57%-355.1pp

Employer contribution / active EE

$407

$1,232-66.9%

$2,101-80.6%

$2,148-81.0%

Participant deferral / active EE

$1,582

$2,089-24.3%

$2,917-45.8%

$3,539-55.3%

Admin fee / account holder

$136

$134+1.8%

$4,308-96.8%

$142-4.3%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$51,417

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: P & A RETIREMENT PLAN SERVICES, INC

Service code 64

17 COURT STREET SUITE 500 · BUFFALO, NY 14202

Recordkeeping Fees

$18,136

CADARET GRANT & CO INC5+ 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