Retirement plan

SWEET STREET DESSERTS, INC. PROFIT SHARING & 401(K) PLAN

Name: SWEET STREET DESSERTS, INC. - SWEET STREET DESSERTS, INC. PROFIT SHARING & 401(K) PLAN (2019) Form 5500
Creator: SWEET STREET DESSERTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWEET STREET DESSERTS, INC. PROFIT SHARING & 401(K) PLAN, SWEET STREET DESSERTS, INC.

SWEET STREET DESSERTS, INC.EIN 23-2198512Plan #001PY 2019

P.O. BOX 15127 - READING, PA 19612610-921-8113

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 30, 1994

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$26.3M

+11.3% from 2018

Total participants

583

-4.7% from 2018

Average account balance

$49,788

+16.4% from 2018

Annual return

10.13%

+10.62 pp from 2018

Benchmarks

See 691 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.15M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

625

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC4+ years Filed as: PRIVATE ADVISOR GROUP, LLC Service code 27 · EIN 27-3463733	Advisory (Plan)	$34,156
ALLIANCE PENSION CONSULTANTS, LLC3 years Filed as: THE PARAGON ALLIANCE GROUP LLC Service code 13 · EIN 23-3044062	Contract Administrator	$16,036
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$8,728
BLACKROCK1 year Filed as: BLACK ROCK Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52	Indirect Investment Fees	$0
CALVERT1 year Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
FRANKLIN TEMPLETON2 years Service code 52 · EIN 22-2894171	Indirect Investment Fees	$0
IVY FUNDS2 years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL INS CO Service code 50	Direct Payment	$0

Plan features & details

Pension benefit codes3D2E2G2J3H2F2T

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$16 / participant

Contract admin$9K100.0%

% of EOY assets

0.033%

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: HERBEIN & CO, INC.
Auditor EIN: 232415973
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,788

$55,790-10.8%

$76,667-35.1%

$67,582-26.3%

Participation rate

90.0%

71.1%+18.9pp

72.1%+17.9pp

71.3%+18.7pp

Annual return

10.13%

64.45%-54.3pp

1166.74%-1156.6pp

378.57%-368.4pp

Employer contribution / active EE

$1,516

$1,810-16.2%

$2,303-34.2%

$2,148-29.4%

Participant deferral / active EE

$1,603

$2,875-44.2%

$3,336-51.9%

$3,539-54.7%

Admin fee / account holder

$16

$159-89.7%

$6,423-99.7%

$142-88.4%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC4+ years

Filed as: PRIVATE ADVISOR GROUP, LLC

Service code 27 · EIN 27-3463733

Advisory (Plan)

$34,156

ALLIANCE PENSION CONSULTANTS, LLC3 years

Filed as: THE PARAGON ALLIANCE GROUP LLC

Service code 13 · EIN 23-3044062

Contract Administrator

$16,036

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$8,728

BLACKROCK1 year

Filed as: BLACK ROCK

Service code 52 · EIN 51-0318674

Indirect Investment Fees

BLACKROCK2 years

Service code 52

Indirect Investment Fees

CALVERT1 year

Service code 52 · EIN 52-1233223

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

FRANKLIN TEMPLETON2 years

Service code 52 · EIN 22-2894171

Indirect Investment Fees

IVY FUNDS2 years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL INS CO

Service code 50

Direct Payment

SWEET STREET DESSERTS, INC. PROFIT SHARING & 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWEET STREET DESSERTS, INC. PROFIT SHARING & 401(K) PLAN

Top hat statement on fileNQDC

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