Retirement plan

OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN

Name: OSWEGO SUB SHOP, INC. - OSWEGO SUB SHOP, INC. EMPLOYEE SAVINGS PLAN (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$728K

+7.5% from 2022

Total participants

-23.1% from 2022

Average account balance

$45,520

+7.5% from 2022

Annual return

12.68%

+31.80 pp from 2022

Benchmarks

See 12,888 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort12,888 peers

Snapshot2023

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

1 tripped

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

$77K

$4802 / participant

Other / not subdivided$77K100.0%

% of EOY assets

10.549%

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

$45,520

$81,763-44.3%

$58,561-22.3%

$139,466-67.4%

Participation rate

75.0%

61.3%+13.7pp

50.9%+24.1pp

80.3%-5.3pp

Annual return

12.68%

7427.77%-7415.1pp

4251.33%-4238.6pp

373.66%-361.0pp

Employer contribution / active EE

$622

$1,398-55.5%

$1,053-40.9%

$4,754-86.9%

Participant deferral / active EE

$2,005

$2,555-21.5%

$1,923+4.3%

$6,712-70.1%

Admin fee / account holder

$4,802

$3,273+46.7%

$2,520+90.5%

$11,409-57.9%

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