Retirement plan

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN AND TR

Name: OSWEGO SUB SHOP, INC. - OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN AND TR (2021) 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 AND TR, OSWEGO SUB SHOP, INC.

OSWEGO SUB SHOP, INC.EIN 16-1095236Plan #001PY 2021

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$770K

+18.2% from 2020

Total participants

-23.3% from 2020

Average account balance

$48,127

+25.6% from 2020

Annual return

8.96%

-8.65 pp from 2020

Benchmarks

See 9,302 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort9,302 peers

Snapshot2021

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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$8K

$410 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.064%

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

$48,127

$110,551-56.5%

$80,741-40.4%

$167,518-71.3%

Participation rate

65.0%

64.0%+1.0pp

54.2%+10.8pp

82.1%-17.1pp

Annual return

8.96%

120.57%-111.6pp

87.30%-78.3pp

478.71%-469.7pp

Employer contribution / active EE

$762

$1,543-50.6%

$1,160-34.3%

$4,838-84.2%

Participant deferral / active EE

$2,646

$2,870-7.8%

$2,145+23.3%

$6,342-58.3%

Admin fee / account holder

$512

$4,547-88.7%

$3,380-84.9%

$12,312-95.8%

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN AND TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN AND TR

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