Retirement plan

SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN

Name: SONWIL DISTRIBUTION CENTER, INC. - SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN (2020) 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 2020

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$15.5M

+18.7% from 2019

Total participants

703

+17.0% from 2019

Average account balance

$24,539

-3.8% from 2019

Annual return

15.49%

-8.02 pp from 2019

Benchmarks

See 88 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort88 peers

Snapshot2020

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
NATIONWIDE6+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$55,817
EPIC RETIREMENT PLAN SERVICES6+ years Filed as: P & A RETIREMENT PLAN SERVICES, INC Service code 64 17 COURT STREET SUITE 500 · BUFFALO, NY 14202	Recordkeeping Fees	$15,442
CADARET GRANT & CO INC6+ years Filed as: CADARET GRANT & COMPANY INC Service code 55 100 MADISON ST. STE. 1300 · SYRACUSE, NY 13202	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2S3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Expense breakdown

Schedule H Part II

Admin total

$71K

$128 / participant

Contract admin$71K100.0%

% of EOY assets

0.460%

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

$24,539

$35,123-30.1%

$93,515-73.8%

$73,412-66.6%

Participation rate

87.0%

68.3%+18.8pp

66.8%+20.2pp

72.2%+14.9pp

Annual return

15.49%

18.89%-3.4pp

78.21%-62.7pp

59.30%-43.8pp

Employer contribution / active EE

$670

$1,247-46.3%

$2,077-67.7%

$2,234-70.0%

Participant deferral / active EE

$1,621

$2,249-27.9%

$3,129-48.2%

$3,806-57.4%

Admin fee / account holder

$113

$108+4.4%

$5,235-97.8%

$158-28.5%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$55,817

EPIC RETIREMENT PLAN SERVICES6+ years

Filed as: P & A RETIREMENT PLAN SERVICES, INC

Service code 64

17 COURT STREET SUITE 500 · BUFFALO, NY 14202

Recordkeeping Fees

$15,442

CADARET GRANT & CO INC6+ years

Filed as: CADARET GRANT & COMPANY INC

Service code 55

100 MADISON ST. STE. 1300 · 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