Retirement plan

EMPIRE MERCHANTS NORTH SALES UNION 401(K) PLAN

Name: EMPIRE MERCHANTS NORTH, LLC - EMPIRE MERCHANTS NORTH SALES UNION 401(K) PLAN (2015) Form 5500
Creator: EMPIRE MERCHANTS NORTH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPIRE MERCHANTS NORTH SALES UNION 401(K) PLAN, EMPIRE MERCHANTS NORTH, LLC

EMPIRE MERCHANTS NORTH, LLCEIN 20-8448427Plan #003PY 2015

16 HOUGHTALING ROAD - W. COXSACKIE, NY 12192315-463-1434empirenorth.comLinkedIn501-1000 employeeswine and spirits

Other plans on this EIN

2 filings

#001Retirement-$24.6M assets #006Retirement-$1.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.3M

No prior year

Total participants

283

No prior year

Average account balance

$99,151

No prior year

Annual return

-0.12%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.67M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

280

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$455

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$50,562
ADVISER INVESTMENTS1+ years Service code 27 · EIN 27-4946566	Advisory (Plan)	$39,705
HELD, KRANZLER, MCCOSKER & PULICE1+ years Service code 10 · EIN 13-4008185	Accounting	$17,000

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

$108K

$441 / participant

Other / not subdivided$108K100.0%

% of EOY assets

0.395%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HELD, KRANZLER, MCCOSKER & PULICE
Auditor EIN: 134008185
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,151

$57,108+73.6%

$94,229+5.2%

$52,331+89.5%

Participation rate

96.7%

72.9%+23.8pp

78.8%+17.9pp

68.1%+28.6pp

Annual return

-0.12%

1.47%-1.6pp

10.68%-10.8pp

4.54%-4.7pp

Employer contribution / active EE

$3,419

$1,735+97.0%

$3,587-4.7%

$1,882+81.7%

Participant deferral / active EE

$6,436

$3,040+111.7%

$4,320+49.0%

$3,022+113.0%

Admin fee / account holder

$391

$546-28.4%

$6,269-93.8%

$592-33.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$50,562

ADVISER INVESTMENTS1+ years

Service code 27 · EIN 27-4946566

Advisory (Plan)

$39,705

HELD, KRANZLER, MCCOSKER & PULICE1+ years

Service code 10 · EIN 13-4008185

Accounting

$17,000

EMPIRE MERCHANTS NORTH SALES UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPIRE MERCHANTS NORTH SALES UNION 401(K) 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