Retirement plan

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN

Name: SHOPRITE SUPERMARKETS, INC. - SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN (2016) Form 5500
Creator: SHOPRITE SUPERMARKETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN, SHOPRITE SUPERMARKETS, INC.

SHOPRITE SUPERMARKETS, INC.EIN 22-1705981Plan #001PY 2016

176 NORTH MAIN STREET - FLORIDA, NY 10921845-651-4411LinkedIn1-10 employeessupermarkets

Other plans on this EIN

1 filing

#003Retirement-$6.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.3M

+8.0% from 2015

Total participants

569

-1.2% from 2015

Average account balance

$90,287

+6.8% from 2015

Annual return

6.92%

+5.35 pp from 2015

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$74.93M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

607

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.

79.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INS SERVICES INC Service code 53 · EIN 51-0116113	Insurance Commissions	$32,916
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASS. MUTUAL LIFE INSURANCE CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,189
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632	Other Services	$313

Plan features & details

Pension benefit codes2E2G2J2K3H2F

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$3K

$7 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.006%

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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,287

$37,044+143.7%

$71,796+25.8%

$57,658+56.6%

Participation rate

95.2%

61.1%+34.1pp

69.1%+26.1pp

70.2%+24.9pp

Annual return

6.92%

12.64%-5.7pp

78.04%-71.1pp

5.13%+1.8pp

Employer contribution / active EE

$3,270

$720+354.1%

$1,924+69.9%

$1,974+65.7%

Participant deferral / active EE

$6,439

$1,974+226.2%

$2,794+130.4%

$3,061+110.4%

Admin fee / account holder

$101-94.2%

$4,815-99.9%

$95-93.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INS SERVICES INC

Service code 53 · EIN 51-0116113

Insurance Commissions

$32,916

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASS. MUTUAL LIFE INSURANCE CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,189

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310632

Other Services

$313

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHOPRITE SUPERMARKETS, INC. PAYROLL DEDUCTION SAVINGS 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