Retirement plan

SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN

Name: SHORE POINT DISTRIBUTING CO., INC. - SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN (2015) Form 5500
Creator: SHORE POINT DISTRIBUTING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN, SHORE POINT DISTRIBUTING CO., INC.

SHORE POINT DISTRIBUTING CO., INC.EIN 21-0611286Plan #004PY 2015

P.O. BOX 275 - ADELPHIA, NJ 07710732-308-3334LinkedIn11-50 employeeswholesale

Other plans on this EIN

1 filing

#003Retirement-$5.3M assets

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$9.7M

No prior year

Total participants

147

No prior year

Average account balance

$65,790

No prior year

Annual return

-1.71%

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

$27.22M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

171

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 2 by compensation

Provider	Service type	Compensation
CHERNOFF DIAMOND & CO., LLC1+ years Service code 15 · EIN 11-2836994	Recordkeeping	$29,368
CHARLES SCHWAB & CO., INC.1+ years Service code 19 · EIN 94-1737782	Securities Custodian	$5,298

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$4K

$31 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

1 / 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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,790

$57,108+15.2%

$94,229-30.2%

$52,331+25.7%

Participation rate

100.0%

72.9%+27.1pp

78.8%+21.2pp

68.1%+31.9pp

Annual return

-1.71%

1.47%-3.2pp

10.68%-12.4pp

4.54%-6.2pp

Employer contribution / active EE

$4,605

$1,735+165.4%

$3,587+28.4%

$1,882+144.7%

Participant deferral / active EE

$3,476

$3,040+14.4%

$4,320-19.5%

$3,022+15.0%

Admin fee / account holder

$27

$546-95.1%

$6,269-99.6%

$592-95.5%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC1+ years

Service code 15 · EIN 11-2836994

Recordkeeping

$29,368

CHARLES SCHWAB & CO., INC.1+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$5,298

SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING 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