Retirement plan

SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN

Name: SHORE POINT DISTRIBUTING CO., INC. - SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN (2016) 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 2016

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

Other plans on this EIN

1 filing

#003Retirement-$6.0M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$10.9M

+13.2% from 2015

Total participants

144

-2.0% from 2015

Average account balance

$76,006

+15.5% from 2015

Annual return

9.60%

+11.30 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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., LLC2+ years Service code 11 · EIN 11-2836994	Actuarial	$21,978
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$5,293

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

1 tripped

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

$30 / participant

Contract admin$4K100.0%

% of EOY assets

0.034%

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

$76,006

$63,924+18.9%

$108,582-30.0%

$55,167+37.8%

Participation rate

100.0%

74.3%+25.7pp

79.6%+20.4pp

69.0%+31.0pp

Annual return

9.60%

15.31%-5.7pp

-51.70%+61.3pp

169.23%-159.6pp

Employer contribution / active EE

$5,094

$1,879+171.1%

$3,758+35.5%

$1,963+159.6%

Participant deferral / active EE

$4,007

$3,067+30.7%

$4,311-7.1%

$3,054+31.2%

Admin fee / account holder

$26

$618-95.9%

$7,645-99.7%

$504-94.9%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC2+ years

Service code 11 · EIN 11-2836994

Actuarial

$21,978

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$5,293

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