Retirement plan

TAWA SUPERMARKET, INC. 401(K) PLAN

Name: TAWA SUPERMARKET, INC. - TAWA SUPERMARKET, INC. 401(K) PLAN (2024) Form 5500
Creator: TAWA SUPERMARKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAWA SUPERMARKET, INC. 401(K) PLAN, TAWA SUPERMARKET, INC.

TAWA SUPERMARKET, INC.EIN 33-0120626Plan #001PY 2024

6363 REIGO AVENUE - BUENA PARK, CA 906201042714-521-8899LinkedIn5001-10000 employeessupermarkets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$193.4M

+9.4% from 2023

Total participants

8,261

-0.9% from 2023

Average account balance

$68,758

+8.7% from 2023

Annual return

13.16%

-1.97 pp from 2023

Benchmarks

See 61 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort61 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$193.42M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

2,813

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.

28.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$321,387
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 50 1300 THAMES STREET · BALTIMORE, MD 212319907	Direct Payment	$44,850
MOSS ADAMS LLP10+ years Service code 50 · EIN 91-0189318	Direct Payment	$19,442
MORGAN STANLEY SMITH BARNEY6 years Filed as: MORGAN STANLEY Service code 70 · EIN 20-8764829	Consulting Fees	$14,950

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H2E

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$401K

$53 / participant

Recordkeeping$203K50.8%
Investment mgmt$60K14.9%
Other / not subdivided$137K34.3%

% of EOY assets

0.207%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $37,837
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,758

$47,202+45.7%

$93,727-26.6%

$99,313-30.8%

Participation rate

28.1%

57.3%-29.2pp

68.7%-40.6pp

71.7%-43.6pp

Annual return

13.16%

13.08%+0.1pp

133.83%-120.7pp

17.67%-4.5pp

Employer contribution / active EE

$564

$1,134-50.3%

$2,421-76.7%

$3,264-82.7%

Participant deferral / active EE

$1,452

$2,296-36.8%

$4,417-67.1%

$5,346-72.8%

Admin fee / account holder

$142

$86+65.8%

$8,292-98.3%

$109+30.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$321,387

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY GLOBAL BANKING OPERA

Service code 50

1300 THAMES STREET · BALTIMORE, MD 212319907

Direct Payment

$44,850

MOSS ADAMS LLP10+ years

Service code 50 · EIN 91-0189318

Direct Payment

$19,442

MORGAN STANLEY SMITH BARNEY6 years

Filed as: MORGAN STANLEY

Service code 70 · EIN 20-8764829

Consulting Fees

$14,950

TAWA SUPERMARKET, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAWA SUPERMARKET, INC. 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