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 (2020) 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 2020

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

Prospect flagsLow returns

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)

$27.7M

+5.4% from 2019

Total participants

549

-5.8% from 2019

Average account balance

$53,793

+8.0% from 2019

Annual return

8.64%

-1.49 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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 19 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC5+ years Filed as: PRIVATE ADVISOR GROUP, LLC Service code 27 · EIN 27-3463733	Advisory (Plan)	$32,848
ALLIANCE PENSION CONSULTANTS, LLC4 years Filed as: THE PARAGON ALLIANCE GROUP LLC Service code 13 · EIN 23-3044062	Contract Administrator	$18,593
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$8,526
AMERICAN FUNDS1 year Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BLACKROCK2 years Filed as: BLACK ROCK Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52	Indirect Investment Fees	$0
CALVERT2 years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Service code 52 · EIN 22-2894171	Indirect Investment Fees	$0
IVY FUNDS3 years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$18 / participant

Contract admin$8K99.5%
Other / not subdivided$440.5%

% of EOY assets

0.031%

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

$53,793

$61,473-12.5%

$81,726-34.2%

$73,412-26.7%

Participation rate

92.9%

72.4%+20.5pp

72.0%+20.9pp

72.2%+20.7pp

Annual return

8.64%

28.26%-19.6pp

29.49%-20.9pp

59.30%-50.7pp

Employer contribution / active EE

$1,599

$1,898-15.7%

$4,311-62.9%

$2,234-28.4%

Participant deferral / active EE

$1,968

$3,080-36.1%

$7,108-72.3%

$3,806-48.3%

Admin fee / account holder

$17

$125-86.8%

$5,160-99.7%

$158-89.5%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC5+ years

Filed as: PRIVATE ADVISOR GROUP, LLC

Service code 27 · EIN 27-3463733

Advisory (Plan)

$32,848

ALLIANCE PENSION CONSULTANTS, LLC4 years

Filed as: THE PARAGON ALLIANCE GROUP LLC

Service code 13 · EIN 23-3044062

Contract Administrator

$18,593

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$8,526

AMERICAN FUNDS1 year

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BLACKROCK2 years

Filed as: BLACK ROCK

Service code 52 · EIN 51-0318674

Indirect Investment Fees

BLACKROCK3 years

Service code 52

Indirect Investment Fees

CALVERT2 years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Service code 52 · EIN 22-2894171

Indirect Investment Fees

IVY FUNDS3 years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

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