Retirement plan

WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN

Name: WEIS MARKETS, INC. - WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN (2017) 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 2017

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$190.7M

-8.3% from 2016

Total participants

12,644

-12.5% from 2016

Average account balance

$33,948

-7.5% from 2016

Annual return

14.54%

-11.20 pp from 2016

Benchmarks

See 92 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort92 peers

Snapshot2017

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 8 by compensation

Provider	Service type	Compensation
CONRAD SIEGEL1 year Service code 11 · EIN 23-1669823 PO BOX 5900 · HARRISBURG, PA 171100900	Actuarial	$222,564
CONRAD SIEGEL3+ years Filed as: CONRAD SIEGEL INVESTMENT ADVISORS Service code 27 · EIN 01-0726056	Advisory (Plan)	$104,875
CHARLES SCHWAB & CO., INC.3+ years Service code 19 · EIN 94-1737782	Securities Custodian	$60,732
BAKER TILLY US, LLP3+ years Filed as: BAKER TILLY VIRCHOW KRAUSE LLP Service code 10 · EIN 39-0859910	Accounting	$10,850
AMERICAN CENTURY3+ years Filed as: AMERICAN CENTURY INV MGT, INC. Service code 28 · EIN 44-6006315	Investment Management	$0
BOSTON MANAGEMENT AND RESEARCH3+ years Service code 28 · EIN 20-1227352	Investment Management	$0
DIMENSIONAL FUND ADVISORS3+ years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
T ROWE PRICE RPS INC3+ years Filed as: T. ROWE PRICE ASSOCIATES, INC. Service code 28 · EIN 52-2264646	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$399K

$33 / participant

Investment mgmt$105K26.3%
Contract admin$283K71.0%
Other / not subdivided$11K2.7%

% of EOY assets

0.209%

all-in expense ratio

Categories reported

2 / 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: BROWN SCHULTZ SHERIDAN & FRITZ
Auditor EIN: 251644159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,948

$39,909-14.9%

$78,775-56.9%

$80,976-58.1%

Participation rate

42.1%

55.7%-13.6pp

69.2%-27.1pp

68.3%-26.2pp

Annual return

14.54%

23.47%-8.9pp

35.62%-21.1pp

22.91%-8.4pp

Employer contribution / active EE

$254

$778-67.4%

$1,986-87.2%

$2,402-89.4%

Participant deferral / active EE

$830

$1,359-38.9%

$2,958-72.0%

$3,848-78.4%

Admin fee / account holder

$71

$50+42.9%

$5,132-98.6%

$67+5.3%

Provider

Service type

Compensation

CONRAD SIEGEL1 year

Service code 11 · EIN 23-1669823

PO BOX 5900 · HARRISBURG, PA 171100900

Actuarial

$222,564

CONRAD SIEGEL3+ years

Filed as: CONRAD SIEGEL INVESTMENT ADVISORS

Service code 27 · EIN 01-0726056

Advisory (Plan)

$104,875

CHARLES SCHWAB & CO., INC.3+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$60,732

BAKER TILLY US, LLP3+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE LLP

Service code 10 · EIN 39-0859910

Accounting

$10,850

AMERICAN CENTURY3+ years

Filed as: AMERICAN CENTURY INV MGT, INC.

Service code 28 · EIN 44-6006315

Investment Management

BOSTON MANAGEMENT AND RESEARCH3+ years

Service code 28 · EIN 20-1227352

Investment Management

DIMENSIONAL FUND ADVISORS3+ years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

T ROWE PRICE RPS INC3+ years

Filed as: T. ROWE PRICE ASSOCIATES, INC.

Service code 28 · EIN 52-2264646

Investment Management

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