Retirement plan

WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN

Name: WEIS MARKETS, INC. - WEIS MARKETS, INC. RETIREMENT SAVINGS PLAN (2019) 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 2019

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

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$205.5M

-8.3% from 2016

Total participants

23,366

-12.5% from 2016

Average account balance

$37,987

-7.5% from 2016

Annual return

18.41%

-11.20 pp from 2016

Benchmarks

See 98 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort98 peers

Snapshot2019

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
CONRAD SIEGEL3 years Service code 11 · EIN 23-1669823	Actuarial	$269,942
CONRAD SIEGEL5+ years Filed as: CONRAD SIEGEL INVESTMENT ADVISORS Service code 27 · EIN 01-0726056	Advisory (Plan)	$142,933
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$64,904
CAPFINANCIAL PARTNERS LLC1 year Service code 28 · EIN 26-0058143	Investment Management	$30,027
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284	Loan Processing	$23,133
RKL LLP1 year Service code 10 · EIN 23-2108173	Accounting	$12,500
AMERICAN CENTURY2 years Filed as: AMERICAN CENTURY INVESTMENT INC Service code 28 · EIN 44-6006315	Investment Management	$0
AMERICAN CENTURY2 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28	Investment Management	$0
BOSTON MANAGEMENT AND RESEARCH5+ years Service code 28 · EIN 20-1227352	Investment Management	$0
DIMENSIONAL FUND ADVISORS5+ years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2S

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$543K

$24 / participant

Other / not subdivided$543K100.0%

% of EOY assets

0.264%

all-in expense ratio

Categories reported

0 / 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: RKL, LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,987

$100,179-62.1%

$84,029-54.8%

$89,609-57.6%

Participation rate

20.8%

54.1%-33.3pp

69.0%-48.2pp

69.6%-48.7pp

Annual return

18.41%

22.50%-4.1pp

71.32%-52.9pp

33.65%-15.2pp

Employer contribution / active EE

$134

$816-83.5%

$1,984-93.2%

$2,584-94.8%

Participant deferral / active EE

$445

$1,459-69.5%

$3,239-86.3%

$4,222-89.5%

Admin fee / account holder

$100

$72+39.3%

$6,102-98.4%

$72+40.2%

Provider

Service type

Compensation

CONRAD SIEGEL3 years

Service code 11 · EIN 23-1669823

Actuarial

$269,942

CONRAD SIEGEL5+ years

Filed as: CONRAD SIEGEL INVESTMENT ADVISORS

Service code 27 · EIN 01-0726056

Advisory (Plan)

$142,933

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$64,904

CAPFINANCIAL PARTNERS LLC1 year

Service code 28 · EIN 26-0058143

Investment Management

$30,027

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 37 · EIN 04-3516284

Loan Processing

$23,133

RKL LLP1 year

Service code 10 · EIN 23-2108173

Accounting

$12,500

AMERICAN CENTURY2 years

Filed as: AMERICAN CENTURY INVESTMENT INC

Service code 28 · EIN 44-6006315

Investment Management

AMERICAN CENTURY2 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28

Investment Management

BOSTON MANAGEMENT AND RESEARCH5+ years

Service code 28 · EIN 20-1227352

Investment Management

DIMENSIONAL FUND ADVISORS5+ years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

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