Retirement plan

SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN

Name: SHORE POINT DISTRIBUTING CO., INC. - SHORE POINT DISTRIBUTING EMPLOYEES' PROFIT SHARING PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#003Retirement-$15.5M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$24.3M

+11.0% from 2022

Total participants

172

+4.2% from 2022

Average account balance

$142,720

+7.8% from 2022

Annual return

14.75%

+29.44 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

$33 / participant

Recordkeeping$4K100.0%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,720

$83,045+71.9%

$130,026+9.8%

$71,495+99.6%

Participation rate

98.4%

74.1%+24.3pp

78.5%+19.9pp

67.9%+30.4pp

Annual return

14.75%

20.61%-5.9pp

-137.26%+152.0pp

28.85%-14.1pp

Employer contribution / active EE

$7,234

$2,623+175.8%

$4,321+67.4%

$2,589+179.4%

Participant deferral / active EE

$5,271

$4,436+18.8%

$5,821-9.4%

$4,291+22.8%

Admin fee / account holder

$24

$1,727-98.6%

$10,608-99.8%

$1,588-98.5%

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