Retirement plan

WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN

Name: WEIS MARKETS, INC. - WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: WEIS MARKETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN, WEIS MARKETS, INC.

WEIS MARKETS, INC.EIN 24-0755415Plan #004PY 2024

1000 SOUTH SECOND ST. - SUNBURY, PA 178010471570-286-4571weismarkets.comLinkedIn10001+ employeesretail

Prospect flagsLow returnsLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$304M

-8.3% from 2016

Total participants

22,404

-12.5% from 2016

Average account balance

$25,990

-7.5% from 2016

Annual return

12.54%

-11.20 pp from 2016

Benchmarks

See 108 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort108 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$303.95M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

11,695

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.

49.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY6 years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284	Loan Processing	$798,052
VOYA RETIREMENT INSURANCE & ANNUITY4 years Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 22-1862786	Advisory (Participants)	$124,143
CAPFINANCIAL PARTNERS LLC6 years Service code 70 · EIN 26-0058143	Consulting Fees	$115,200
RKL LLP4 years Filed as: RKL, LLP Service code 10 · EIN 23-2108173	Accounting	$20,800

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2.0M

$95 / participant

Recordkeeping$946K47.2%
Investment mgmt$1M51.3%
Contract admin$31K1.5%

% of EOY assets

0.659%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,990

$57,150-54.5%

$93,727-72.3%

$106,553-75.6%

Participation rate

49.0%

49.1%-0.1pp

68.7%-19.7pp

69.8%-20.8pp

Annual return

12.54%

15.81%-3.3pp

133.83%-121.3pp

17.37%-4.8pp

Employer contribution / active EE

$284

$1,015-72.0%

$2,421-88.3%

$3,359-91.5%

Participant deferral / active EE

$906

$1,853-51.1%

$4,417-79.5%

$5,562-83.7%

Admin fee / account holder

$171

$64+166.4%

$8,292-97.9%

$80+115.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 37 · EIN 04-3516284

Loan Processing

$798,052

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 22-1862786

Advisory (Participants)

$124,143

CAPFINANCIAL PARTNERS LLC6 years

Service code 70 · EIN 26-0058143

Consulting Fees

$115,200

RKL LLP4 years

Filed as: RKL, LLP

Service code 10 · EIN 23-2108173

Accounting

$20,800

WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEIS MARKETS, INC. RETIREMENT 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