Retirement plan

SCHNUCKS PAY DEFERRAL PLAN

Name: SCHNUCK MARKETS, INC. - SCHNUCKS PAY DEFERRAL PLAN (2023) Form 5500
Creator: SCHNUCK MARKETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHNUCKS PAY DEFERRAL PLAN, SCHNUCK MARKETS, INC.

SCHNUCK MARKETS, INC.EIN 43-0726776Plan #002PY 2023

P.O. BOX 46928 - ST. LOUIS, MO 63146314-994-9900

Other plans on this EIN

1 filing

#004Retirement-$140.7M assets

Prospect flagsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed March 30, 2018 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

11420 Lackland Road

St. Louis State: MO Zip Code: 63141

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Plans declared (1)

Schnuck Markets, Inc. Deferred Compensation Plan11 emp

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Total assets (EOY)

$131.4M

-4.1% from 2016

Total participants

1,130

+1.9% from 2016

Average account balance

$117,457

-3.9% from 2016

Annual return

18.18%

-3.79 pp from 2016

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$149.67M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

1,051

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+19.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$82,679
ADP BROKER-DEALER5 years Filed as: PENSION CONSULTANTS Service code 16 · EIN 43-1685158	Consulting	$41,250
ARMANINO LLP2 years Filed as: ARMANINO Service code 10 · EIN 94-6214841	Accounting	$12,747
GREENSFELDER, HEMKE & GALE, P.C.8 years Filed as: GREENSFELDER Service code 29 10 SOUTH BROADWAY · ST LOUIS, MO 63102	Legal	$6,141

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$143K

$188 / participant

Recordkeeping$80K56.2%
Legal$6K4.3%
Contract admin$1K0.8%
Other / not subdivided$55K38.6%

% of EOY assets

0.109%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARMANINO LLP
Auditor EIN: 332514127
Audit fees: $12,747
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,457

$53,178+120.9%

$86,251+36.2%

$74,478+57.7%

Participation rate

98.6%

64.8%+33.7pp

69.0%+29.6pp

70.7%+27.8pp

Annual return

18.18%

22.63%-4.4pp

1170.54%-1152.4pp

34.37%-16.2pp

Employer contribution / active EE

$1,392

$1,210+15.0%

$2,381-41.6%

$2,637-47.2%

Participant deferral / active EE

$9,270

$3,230+187.0%

$3,987+132.5%

$4,530+104.6%

Admin fee / account holder

$128

$553-76.9%

$6,857-98.1%

$347-63.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$82,679

ADP BROKER-DEALER5 years

Filed as: PENSION CONSULTANTS

Service code 16 · EIN 43-1685158

Consulting

$41,250

ARMANINO LLP2 years

Filed as: ARMANINO

Service code 10 · EIN 94-6214841

Accounting

$12,747

GREENSFELDER, HEMKE & GALE, P.C.8 years

Filed as: GREENSFELDER

Service code 29

10 SOUTH BROADWAY · ST LOUIS, MO 63102

Legal

$6,141

SCHNUCKS PAY DEFERRAL PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHNUCKS PAY DEFERRAL PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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