Retirement plan

THE BEVERAGE WORKS 401(K) PLAN

Name: THE BEVERAGE WORKS NEW YORK, INC. - THE BEVERAGE WORKS 401(K) PLAN (2019) Form 5500
Creator: THE BEVERAGE WORKS NEW YORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BEVERAGE WORKS 401(K) PLAN, THE BEVERAGE WORKS NEW YORK, INC.

THE BEVERAGE WORKS NEW YORK, INC.EIN 22-3715225Plan #004PY 2019

1800 ROUTE 34 NORTH, STE. 203 - WALL, NJ 07719732-938-7600LinkedIn51-200 employeesfood production

Other plans on this EIN

1 filing

#005Retirement-$60K assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.8M

+37.0% from 2018

Total participants

177

+59.5% from 2018

Average account balance

$32,567

+49.6% from 2018

Annual return

21.53%

+27.01 pp from 2018

Benchmarks

See 966 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort966 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$397K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$847

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 codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$219K

$1354 / participant

Other / not subdivided$219K100.0%

% of EOY assets

7.740%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,567

$50,666-35.7%

$76,667-57.5%

$65,186-50.0%

Participation rate

44.4%

68.8%-24.4pp

72.1%-27.7pp

70.2%-25.8pp

Annual return

21.53%

28.51%-7.0pp

1166.74%-1145.2pp

29.39%-7.9pp

Employer contribution / active EE

$1,074

$1,575-31.8%

$2,303-53.3%

$2,177-50.6%

Participant deferral / active EE

$2,229

$2,647-15.8%

$3,336-33.2%

$3,514-36.6%

Admin fee / account holder

$2,521

$463+444.5%

$6,423-60.8%

$847+197.5%

THE BEVERAGE WORKS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BEVERAGE WORKS 401(K) 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