Retirement plan

BEN B SCHWARTZ & SONS, INC. 401(K) PROFIT SHARING PLAN

Name: BEN B SCHWARTZ & SONS, INC. - BEN B SCHWARTZ & SONS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BEN B SCHWARTZ & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEN B SCHWARTZ & SONS, INC. 401(K) PROFIT SHARING PLAN, BEN B SCHWARTZ & SONS, INC.

BEN B SCHWARTZ & SONS, INC.EIN 38-1493845Plan #001PY 2020

7201 W FORT ST - DETROIT, MI 482092977313-841-8300benbdetroit.comLinkedIn51-200 employeesfood & beverages

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.1M

+6.6% from 2019

Total participants

+14.8% from 2019

Average account balance

$225,921

No prior year

Annual return

9.79%

+9.83 pp from 2019

Benchmarks

See 22,196 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.39M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

152.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$373K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+8.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$931

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$831K

$41547 / participant

Other / not subdivided$831K100.0%

% of EOY assets

13.622%

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

$225,921

$162,812+38.8%

$133,971+68.6%

$158,966+42.1%

Participation rate

80.0%

83.2%-3.2pp

79.8%+0.2pp

82.0%-2.0pp

Annual return

9.79%

41.94%-32.2pp

45.09%-35.3pp

302.95%-293.2pp

Employer contribution / active EE

$7,500

$4,976+50.7%

$3,919+91.4%

$4,762+57.5%

Participant deferral / active EE

$5,105

$5,910-13.6%

$5,047+1.1%

$5,983-14.7%

Admin fee / account holder

$30,776

$11,741+162.1%

$8,929+244.7%

$11,250+173.6%

BEN B SCHWARTZ & SONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEN B SCHWARTZ & SONS, INC. 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