Retirement plan

SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN

Name: SHORE POINT DISTRIBUTING CO., INC. - SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN (2019) 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 2019

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

Other plans on this EIN

1 filing

#003Retirement-$9.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18.6M

+35.9% from 2018

Total participants

159

-7.6% from 2018

Average account balance

$117,705

+47.9% from 2018

Annual return

32.91%

+37.41 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$7,054
CHERNOFF DIAMOND & CO., LLC5+ years Service code 11 · EIN 11-2836994	Actuarial	$4,535
USI CONSULTING GROUP1 year Service code 11 · EIN 06-1053228	Actuarial	$4,142

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$37 / participant

Contract admin$4K100.0%

% of EOY assets

0.024%

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

$117,705

$86,341+36.3%

$125,192-6.0%

$65,185+80.6%

Participation rate

99.2%

75.3%+23.8pp

79.8%+19.4pp

70.2%+29.0pp

Annual return

32.91%

27.44%+5.5pp

43.79%-10.9pp

29.38%+3.5pp

Employer contribution / active EE

$5,530

$2,040+171.1%

$3,866+43.0%

$2,177+154.0%

Participant deferral / active EE

$4,660

$3,538+31.7%

$4,937-5.6%

$3,514+32.6%

Admin fee / account holder

$28

$609-95.4%

$9,704-99.7%

$847-96.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$7,054

CHERNOFF DIAMOND & CO., LLC5+ years

Service code 11 · EIN 11-2836994

Actuarial

$4,535

USI CONSULTING GROUP1 year

Service code 11 · EIN 06-1053228

Actuarial

$4,142

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