Retirement plan

SARRIS CANDIES, INC. PROFIT SHARING 401(K) PLAN

Name: SARRIS CANDIES, INC. - SARRIS CANDIES, INC. PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: SARRIS CANDIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARRIS CANDIES, INC. PROFIT SHARING 401(K) PLAN, SARRIS CANDIES, INC.

SARRIS CANDIES, INC.EIN 25-1401248Plan #001PY 2017

511 ADAMS AVE - CANONSBURG, PA 15317724-746-4042sarriscandies.comLinkedIn201-500 employeesretail

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.1M

+18.4% from 2016

Total participants

195

+23.4% from 2016

Average account balance

$59,869

+22.7% from 2016

Annual return

18.12%

+10.27 pp from 2016

Benchmarks

See 935 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort935 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.62M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

119

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.

51.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$670K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850 125 STATE STREET · SPRINGFIELD, MA 011118089	Indirect Investment Fees	$10,406
THE RETIREMENT ADVANTAGE INC1 year Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 13 · EIN 39-1816008	Contract Administrator	$2,804
BENEFIT PLANNING & ADMINISTRATION3+ years Service code 13 · EIN 25-1407261	Contract Administrator	$840
JON BALTZELL3+ years Filed as: JON ALAN HENDERSON Service code 53 6 PPG PL STE 600 · PITTSBURGH, PA 15222	Insurance Commissions	$0
BAIRD FUNDS2 years Filed as: ROBERT C MACWHINNIE Service code 53 1035 BOYCE RD STE 200 · PITTSBURGH, PA 15241	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

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

$10K

$62 / participant

Contract admin$10K100.0%

% of EOY assets

0.128%

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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,869

$50,385+18.8%

$75,501-20.7%

$62,293-3.9%

Participation rate

65.1%

67.7%-2.6pp

72.4%-7.3pp

69.5%-4.4pp

Annual return

18.12%

19.90%-1.8pp

27.35%-9.2pp

28.90%-10.8pp

Employer contribution / active EE

$723

$1,537-53.0%

$2,352-69.3%

$2,042-64.6%

Participant deferral / active EE

$1,956

$2,445-20.0%

$3,142-37.7%

$3,169-38.3%

Admin fee / account holder

$77

$384-80.1%

$5,801-98.7%

$479-84.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

125 STATE STREET · SPRINGFIELD, MA 011118089

Indirect Investment Fees

$10,406

THE RETIREMENT ADVANTAGE INC1 year

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 13 · EIN 39-1816008

Contract Administrator

$2,804

BENEFIT PLANNING & ADMINISTRATION3+ years

Service code 13 · EIN 25-1407261

Contract Administrator

$840

JON BALTZELL3+ years

Filed as: JON ALAN HENDERSON

Service code 53

6 PPG PL STE 600 · PITTSBURGH, PA 15222

Insurance Commissions

BAIRD FUNDS2 years

Filed as: ROBERT C MACWHINNIE

Service code 53

1035 BOYCE RD STE 200 · PITTSBURGH, PA 15241

Insurance Commissions

SARRIS CANDIES, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SARRIS CANDIES, INC. PROFIT SHARING 401(K) 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