Retirement plan

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN

Name: OSWEGO SUB SHOP, INC. - OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: OSWEGO SUB SHOP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN, OSWEGO SUB SHOP, INC.

OSWEGO SUB SHOP, INC.EIN 16-1095236Plan #001PY 2024

106 WEST BRIDGE STREET - OSWEGO, NY 13126315-342-9590oswegosubshop.comLinkedIn11-50 employeesfood production

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$786K

+7.9% from 2023

Total participants

-10.0% from 2023

Average account balance

$65,505

+43.9% from 2023

Annual return

8.67%

-4.01 pp from 2023

Benchmarks

See 14,038 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort14,038 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$786K

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

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

+8.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3681

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$44K

$3155 / participant

Other / not subdivided$44K100.0%

% of EOY assets

5.619%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,505

$76,608-14.5%

$56,077+16.8%

$145,877-55.1%

Participation rate

57.1%

63.2%-6.1pp

52.5%+4.6pp

80.3%-23.2pp

Annual return

8.67%

3009.59%-3000.9pp

1709.28%-1700.6pp

551.28%-542.6pp

Employer contribution / active EE

$546

$1,382-60.5%

$1,040-47.5%

$4,663-88.3%

Participant deferral / active EE

$2,202

$2,624-16.1%

$1,954+12.7%

$6,691-67.1%

Admin fee / account holder

$3,681

$3,325+10.7%

$2,825+30.3%

$13,402-72.5%

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS 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