Retirement plan

MARTELLAS PHARMACIES 401(K) PROFIT SHARING PLAN

Name: MARTELLA'S PHARMACIES - MARTELLAS PHARMACIES 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: MARTELLA'S PHARMACIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTELLAS PHARMACIES 401(K) PROFIT SHARING PLAN, MARTELLA'S PHARMACIES

MARTELLA'S PHARMACIESEIN 25-1624314Plan #001PY 2017

131 SCHOOLHOUSE ROAD - JENNERSTOWN, PA 15547814-629-1397LinkedIn201-500 employeescosmetics

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.9M

+21.3% from 2016

Total participants

250

+16.8% from 2016

Average account balance

$76,322

+21.3% from 2016

Annual return

15.02%

+7.75 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.44M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

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.

32.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$713K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$688

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
CANTOR FITZGERALD2 years Filed as: CANTOR FITZGERLAD WEALTH PARTNERS Service code 27 110 E 59TH STREET, 3RD FLOOR · NEW YORK, NY 10022	Advisory (Plan)	$20,748
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,223
METRO BENEFITS, INC.3+ years Service code 13 8150 PERRY HIGHWAY, SUITE 311 · PITTSBURGH, PA 15237	Contract Administrator	$7,534
WILKINSON & DETER3+ years Service code 10 · EIN 25-1897882 322 NADONA AVENUE · JOHNSTOWN, PA 15904	Accounting	$6,010

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$39K

$159 / participant

Contract admin$39K99.2%
Other / not subdivided$3000.8%

% of EOY assets

0.491%

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: WILKINSON & DETER
Auditor EIN: 251897882
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,322

$51,466+48.3%

$78,778-3.1%

$62,293+22.5%

Participation rate

40.4%

59.8%-19.4pp

69.2%-28.8pp

69.5%-29.1pp

Annual return

15.02%

19.96%-4.9pp

35.62%-20.6pp

28.90%-13.9pp

Employer contribution / active EE

$798

$827-3.6%

$1,986-59.8%

$2,042-60.9%

Participant deferral / active EE

$1,811

$2,147-15.7%

$2,958-38.8%

$3,169-42.9%

Admin fee / account holder

$375

$489-23.4%

$5,134-92.7%

$479-21.8%

Provider

Service type

Compensation

CANTOR FITZGERALD2 years

Filed as: CANTOR FITZGERLAD WEALTH PARTNERS

Service code 27

110 E 59TH STREET, 3RD FLOOR · NEW YORK, NY 10022

Advisory (Plan)

$20,748

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,223

METRO BENEFITS, INC.3+ years

Service code 13

8150 PERRY HIGHWAY, SUITE 311 · PITTSBURGH, PA 15237

Contract Administrator

$7,534

WILKINSON & DETER3+ years

Service code 10 · EIN 25-1897882

322 NADONA AVENUE · JOHNSTOWN, PA 15904

Accounting

$6,010

MARTELLAS PHARMACIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTELLAS PHARMACIES 401(K) PROFIT SHARING 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