Retirement plan

ALLSTAR WINE AND SPIRITS 401(K) PLAN

Name: NORTHEAST WINE DEVELOPMENT, LLC DBA ALLSTAR WINE AND SPIRITS - ALLSTAR WINE AND SPIRITS 401(K) PLAN (2023) Form 5500
Creator: NORTHEAST WINE DEVELOPMENT, LLC DBA ALLSTAR WINE AND SPIRITS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLSTAR WINE AND SPIRITS 401(K) PLAN, NORTHEAST WINE DEVELOPMENT, LLC DBA ALLSTAR WINE AND SPIRITS

NORTHEAST WINE DEVELOPMENT, LLC DBA ALLSTAR WINE AND SPIRITSEIN 16-1531385Plan #001PY 2023

579 TROY SCHENECTADY RD - LATHAM, NY 121102806518-220-9463LinkedIn11-50 employeeswine and spirits

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+30.5% from 2022

Total participants

+35.7% from 2022

Average account balance

$166,020

+30.5% from 2022

Annual return

18.98%

+37.84 pp from 2022

Benchmarks

See 22,148 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,148 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

44.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9778

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 codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$166,020

$102,696+61.7%

$86,235+92.5%

$139,487+19.0%

Participation rate

36.8%

74.5%-37.7pp

69.0%-32.1pp

80.3%-43.5pp

Annual return

18.98%

1925.91%-1906.9pp

1170.03%-1151.1pp

373.84%-354.9pp

Employer contribution / active EE

$816

$3,034-73.1%

$2,381-65.7%

$4,755-82.8%

Participant deferral / active EE

$4,597

$4,679-1.7%

$3,987+15.3%

$6,713-31.5%

Admin fee / account holder

$8,667-100.0%

$6,856-100.0%

$11,407-100.0%

ALLSTAR WINE AND SPIRITS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ALLSTAR WINE AND SPIRITS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion