Retirement plan

DETROIT BREWERS AND DISTRIBUTORS 401(K) PLAN AND TRUST AGREEMENT

Name: JOINT BOARD OF TRUSTEES - DETROIT BREWERS AND DISTRIBUTORS 401(K) PLAN AND TRUST AGREEMENT (2016) Form 5500
Creator: JOINT BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DETROIT BREWERS AND DISTRIBUTORS 401(K) PLAN AND TRUST AGREEMENT, JOINT BOARD OF TRUSTEES

JOINT BOARD OF TRUSTEESEIN 38-2094732Plan #002PY 2016

30400 TELEGRAPH ROAD, SUITE 330 - BINGHAM FARMS, MI 48025248-646-3939

Other plans on this EIN

1 filing

#001Retirement-$24.8M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$17.7M

No prior year

Total participants

497

No prior year

Average account balance

$57,132

No prior year

Annual return

6.20%

No prior year

Benchmarks

See 1,219 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,219 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.15M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

483

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Service code 15 PO BOX 600 · BUFFALO, NY 14201	Recordkeeping	$4,628

Plan features & details

Pension benefit codes2E2G2J2T

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$24K

$57 / participant

Investment mgmt$5K19.2%
Contract admin$12K51.9%
Other / not subdivided$7K28.9%

% of EOY assets

0.136%

all-in expense ratio

Categories reported

2 / 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: CARNAGHI & SCHWARK PLLC
Auditor EIN: 461506714
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,132

$107,378-46.8%

$108,582-47.4%

$57,658-0.9%

Participation rate

55.8%

77.1%-21.3pp

79.6%-23.8pp

70.2%-14.5pp

Annual return

6.20%

12.80%-6.6pp

-51.70%+57.9pp

5.13%+1.1pp

Employer contribution / active EE

$1,782-100.0%

$3,758-100.0%

$1,974-100.0%

Participant deferral / active EE

$2,254

$3,221-30.0%

$4,311-47.7%

$3,061-26.4%

Admin fee / account holder

$78

$108-28.2%

$7,645-99.0%

$95-17.6%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Service code 15

PO BOX 600 · BUFFALO, NY 14201

Recordkeeping

$4,628

DETROIT BREWERS AND DISTRIBUTORS 401(K) PLAN AND TRUST AGREEMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DETROIT BREWERS AND DISTRIBUTORS 401(K) PLAN AND TRUST AGREEMENT

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