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 (2017) 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 2017

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

Other plans on this EIN

1 filing

#001Retirement-$59K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$39.6M

+124.3% from 2016

Total participants

484

-2.6% from 2016

Average account balance

$89,805

+57.2% from 2016

Annual return

130.25%

+124.04 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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 COMPANY2+ years Service code 15 PO BOX 600 · BUFFALO, NY 14201	Recordkeeping	$5,494

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$93K

$279 / participant

Investment mgmt$1380.1%
Contract admin$70K75.3%
Other / not subdivided$23K24.6%

% of EOY assets

0.234%

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

$89,805

$71,666+25.3%

$117,861-23.8%

$69,631+29.0%

Participation rate

87.0%

77.5%+9.5pp

79.7%+7.4pp

70.7%+16.4pp

Annual return

130.25%

18.86%+111.4pp

335.11%-204.9pp

27571.02%-27440.8pp

Employer contribution / active EE

$2,882

$1,889+52.6%

$3,786-23.9%

$2,032+41.8%

Participant deferral / active EE

$1,902

$3,340-43.0%

$4,482-57.6%

$3,224-41.0%

Admin fee / account holder

$210

$120+74.7%

$8,021-97.4%

$110+90.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Service code 15

PO BOX 600 · BUFFALO, NY 14201

Recordkeeping

$5,494

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