Retirement plan

ELGIN BEVERAGE CO. UNION SAVINGS PLAN

Name: ELGIN BEVERAGE CO. - ELGIN BEVERAGE CO. UNION SAVINGS PLAN (2020) Form 5500
Creator: ELGIN BEVERAGE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELGIN BEVERAGE CO. UNION SAVINGS PLAN, ELGIN BEVERAGE CO.

ELGIN BEVERAGE CO.EIN 36-2369804Plan #002PY 2020

300 MILES PARKWAY - BARTLETT, IL 60103847-741-5959elginbeverage.comLinkedIn11-50 employeeswine and spirits

Other plans on this EIN

1 filing

#004Retirement-$5.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+20.2% from 2019

Total participants

+5.9% from 2019

Average account balance

$90,841

+20.2% from 2019

Annual return

13.86%

+4.63 pp from 2019

Benchmarks

See 22,194 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

123.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$599

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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.
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

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

$29K

$1962 / participant

Other / not subdivided$29K100.0%

% of EOY assets

1.906%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,841

$162,821-44.2%

$133,978-32.2%

$158,982-42.9%

Participation rate

93.3%

83.2%+10.1pp

79.8%+13.5pp

82.0%+11.4pp

Annual return

13.86%

41.95%-28.1pp

45.10%-31.2pp

302.99%-289.1pp

Employer contribution / active EE

$4,258

$4,976-14.4%

$3,919+8.7%

$4,763-10.6%

Participant deferral / active EE

$2,273

$5,910-61.5%

$5,047-55.0%

$5,983-62.0%

Admin fee / account holder

$1,731

$11,742-85.3%

$8,930-80.6%

$11,252-84.6%

ELGIN BEVERAGE CO. UNION SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELGIN BEVERAGE CO. UNION 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