Retirement plan

SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN

Name: SONWIL DISTRIBUTION CENTER, INC. - SONWIL DISTRIBUTION CENTER PROFIT SHARING RETIREMENT PLAN (2021) 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 2021

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

Prospect flagsHigh retiree %Failed to transmit contributions

How to read this page

Total assets (EOY)

$16.8M

+8.8% from 2020

Total participants

764

+8.7% from 2020

Average account balance

$24,131

-1.7% from 2020

Annual return

15.54%

+0.05 pp from 2020

Benchmarks

See 89 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort89 peers

Snapshot2021

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 14202	Contract Administrator	$29,675
EPIC RETIREMENT PLAN SERVICES7+ years Filed as: P & A RETIREMENT PLAN SERVICES, INC Service code 64 17 COURT STREET, SUITE 500 · BUFFALO, NY 14202	Recordkeeping Fees	$14,591
LAWLEY RETIREMENT ADVISORS LLC1 year Service code 27 361 DELEWARE AVENUE · BUFFALO, NY 14202	Advisory (Plan)	$7,490
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,966
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GWFS EQUITIES INC Service code 72 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Other investment fees and expenses	$20
CADARET GRANT & CO INC1 year Filed as: CADARET GRANT & COMPANY Service code 55 100 MADISON ST. STE 1300 · SYRACUSE, NY 13202	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2S3D2R3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$55K

$109 / participant

Contract admin$55K100.0%

% of EOY assets

0.325%

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: FREED MAXICK CPAS, PC
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,131

$39,038-38.2%

$98,775-75.6%

$86,821-72.2%

Participation rate

86.8%

68.2%+18.6pp

65.7%+21.1pp

72.3%+14.5pp

Annual return

15.54%

25.86%-10.3pp

49.92%-34.4pp

97.94%-82.4pp

Employer contribution / active EE

$780

$1,231-36.6%

$2,067-62.3%

$2,406-67.6%

Participant deferral / active EE

$2,185

$2,581-15.4%

$3,035-28.0%

$4,132-47.1%

Admin fee / account holder

$78

$126-37.6%

$4,076-98.1%

$170-53.8%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 14202

Contract Administrator

$29,675

EPIC RETIREMENT PLAN SERVICES7+ years

Filed as: P & A RETIREMENT PLAN SERVICES, INC

Service code 64

17 COURT STREET, SUITE 500 · BUFFALO, NY 14202

Recordkeeping Fees

$14,591

LAWLEY RETIREMENT ADVISORS LLC1 year

Service code 27

361 DELEWARE AVENUE · BUFFALO, NY 14202

Advisory (Plan)

$7,490

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,966

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GWFS EQUITIES INC

Service code 72

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Other investment fees and expenses

$20

CADARET GRANT & CO INC1 year

Filed as: CADARET GRANT & COMPANY

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