Retirement plan

ONE MEMBER RETIREMENT PLAN

Name: PREMIER DISTRIBUTION COOPERATIVE, INC. - ONE MEMBER RETIREMENT PLAN (2024) Form 5500
Creator: PREMIER DISTRIBUTION COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ONE MEMBER RETIREMENT PLAN, PREMIER DISTRIBUTION COOPERATIVE, INC.

PREMIER DISTRIBUTION COOPERATIVE, INC.EIN 20-2905621Plan #333PY 2024

4256 NORTH RAVENWOOD AVENUE, SUITE 218 - CHICAGO, IL 60613773-525-7200

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$66.4M

-7.2% from 2023

Total participants

1,355

+6.5% from 2023

Average account balance

$65,028

-17.1% from 2023

Annual return

-0.12%

-11.11 pp from 2023

Benchmarks

See 290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort290 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$66.39M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

1,021

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.

70.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

-0.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$413

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

See the 9-year trajectory. $4.99 for your first month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$335,038
OSAIC WEALTH INC1 year Service code 27 ACH ANDREW SEABORG · LOS ANGELES, CA 900843094	Advisory (Plan)	$119,312
ASCENSUS LLC2 years Filed as: MAP RETIREMENT USA LLC Service code 15 W6180 AEROTECH DR · APPLETON, WI 54914	Recordkeeping	$41,501

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$421K

$373 / participant

Contract admin$421K100.0%

% of EOY assets

0.634%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,028

$55,331+17.5%

$81,812-20.5%

$199,593-67.4%

Participation rate

70.4%

62.5%+7.9pp

72.3%-1.9pp

72.0%-1.5pp

Annual return

-0.12%

19.59%-19.7pp

773.79%-773.9pp

34.25%-34.4pp

Employer contribution / active EE

$1,871

$2,101-10.9%

$2,912-35.8%

$3,034-38.3%

Participant deferral / active EE

$4,168

$3,283+27.0%

$4,319-3.5%

$5,087-18.1%

Admin fee / account holder

$413

$346+19.4%

$7,386-94.4%

$269+53.5%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$335,038

OSAIC WEALTH INC1 year

Service code 27

ACH ANDREW SEABORG · LOS ANGELES, CA 900843094

Advisory (Plan)

$119,312

ASCENSUS LLC2 years

Filed as: MAP RETIREMENT USA LLC

Service code 15

W6180 AEROTECH DR · APPLETON, WI 54914

Recordkeeping

$41,501

ONE MEMBER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ONE MEMBER 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