Retirement plan

EMPLOYEE BENEFIT PLAN OF FLORAL CITY BEVERAGE, INC.

Name: FLORAL CITY BEVERAGE, INC. - EMPLOYEE BENEFIT PLAN OF FLORAL CITY BEVERAGE, INC. (2021) Form 5500
Creator: FLORAL CITY BEVERAGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FLORAL CITY BEVERAGE, INC., FLORAL CITY BEVERAGE, INC.

FLORAL CITY BEVERAGE, INC.EIN 38-1960122Plan #001PY 2021

720 HUBER DR - MONROE, MI 481623327734-241-5750LinkedIn11-50 employeeswholesale

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.4M

+11.1% from 2020

Total participants

+8.0% from 2020

Average account balance

$168,109

+6.8% from 2020

Annual return

7.06%

-1.44 pp from 2020

Benchmarks

See 22,593 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,593 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.48M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

177.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$277K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2229

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 codes2F2G2S2T

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$105K

$5232 / participant

Other / not subdivided$105K100.0%

% of EOY assets

2.394%

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

$168,109

$176,838-4.9%

$146,685+14.6%

$167,518+0.4%

Participation rate

95.0%

83.6%+11.4pp

80.1%+14.9pp

82.1%+12.9pp

Annual return

7.06%

24.04%-17.0pp

22.75%-15.7pp

478.71%-471.7pp

Employer contribution / active EE

$6,319

$5,161+22.4%

$4,137+52.7%

$4,838+30.6%

Participant deferral / active EE

$6,784

$6,441+5.3%

$5,507+23.2%

$6,342+7.0%

Admin fee / account holder

$4,025

$13,262-69.7%

$10,281-60.9%

$12,312-67.3%

EMPLOYEE BENEFIT PLAN OF FLORAL CITY BEVERAGE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FLORAL CITY BEVERAGE, INC.

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