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 (2018) 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 2018

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

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$36.7M

-7.3% from 2017

Total participants

491

+1.4% from 2017

Average account balance

$78,746

-12.3% from 2017

Annual return

-3.41%

-133.66 pp from 2017

Benchmarks

See 1,274 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,274 peers

Snapshot2018

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 2 by compensation

Provider	Service type	Compensation
SIGMA FINANCIAL CORPORATION1 year Filed as: SIGMA PLANNING CORPORATION Service code 26 · EIN 38-2472558	Advisory (Participants)	$30,983
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Service code 15 PO BOX 600 · BUFFALO, NY 14201	Recordkeeping	$6,536

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

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

$206K

$621 / participant

Investment mgmt$31K15.0%
Contract admin$101K48.8%
Other / not subdivided$75K36.1%

% of EOY assets

0.562%

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

$78,746

$62,267+26.5%

$110,243-28.6%

$55,725+41.3%

Participation rate

92.5%

78.1%+14.3pp

79.8%+12.6pp

70.9%+21.6pp

Annual return

-3.41%

-1.07%-2.3pp

314.76%-318.2pp

244.93%-248.3pp

Employer contribution / active EE

$2,846

$1,941+46.6%

$3,827-25.6%

$2,078+37.0%

Participant deferral / active EE

$2,001

$3,516-43.1%

$4,672-57.2%

$3,356-40.4%

Admin fee / account holder

$442

$121+265.9%

$8,548-94.8%

$115+284.1%

Provider

Service type

Compensation

SIGMA FINANCIAL CORPORATION1 year

Filed as: SIGMA PLANNING CORPORATION

Service code 26 · EIN 38-2472558

Advisory (Participants)

$30,983

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Service code 15

PO BOX 600 · BUFFALO, NY 14201

Recordkeeping

$6,536

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