Retirement plan

WERBAK INC. D/B/A POMPTON PHARMACY, PROFIT SHARING PLAN

Name: WERBAK INC., D/B/A POMPTON PHARMACY - WERBAK INC. D/B/A POMPTON PHARMACY, PROFIT SHARING PLAN (2022) Form 5500
Creator: WERBAK INC., D/B/A POMPTON PHARMACY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WERBAK INC. D/B/A POMPTON PHARMACY, PROFIT SHARING PLAN, WERBAK INC., D/B/A POMPTON PHARMACY

WERBAK INC., D/B/A POMPTON PHARMACYEIN 22-3848853Plan #001PY 2022

558 NEWARK POMPTON TURNPIKE - POMPTON PLAINS, NJ 07444973-839-4200

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$255K

-19.3% from 2021

Total participants

+25.0% from 2021

Average account balance

$50,937

-35.5% from 2021

Annual return

-13.48%

-18.24 pp from 2021

Benchmarks

See 21,402 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort21,402 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$148K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11250

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

0 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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 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

$54K

$10767 / participant

Other / not subdivided$54K100.0%

% of EOY assets

21.138%

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

$50,937

$95,917-46.9%

$79,583-36.0%

$134,545-62.1%

Participation rate

100.0%

75.0%+25.0pp

69.5%+30.5pp

81.2%+18.8pp

Annual return

-13.48%

-2.70%-10.8pp

0.16%-13.6pp

418.37%-431.9pp

Employer contribution / active EE

$1,153

$3,129-63.2%

$2,414-52.2%

$4,742-75.7%

Participant deferral / active EE

$5,917

$4,694+26.1%

$3,986+48.5%

$6,401-7.6%

Admin fee / account holder

$10,767

$9,132+17.9%

$6,835+57.5%

$11,431-5.8%

WERBAK INC. D/B/A POMPTON PHARMACY, PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WERBAK INC. D/B/A POMPTON PHARMACY, 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