Retirement plan

RED CROSS PHARMACY, INC. 401(K) PLAN

Name: RED CROSS PHARMACY, INC. - RED CROSS PHARMACY, INC. 401(K) PLAN (2016) Form 5500
Creator: RED CROSS PHARMACY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED CROSS PHARMACY, INC. 401(K) PLAN, RED CROSS PHARMACY, INC.

RED CROSS PHARMACY, INC.EIN 43-0897802Plan #001PY 2016

52 E ARROW STREET, 2ND FLOOR - MARSHALL, MO 65340660-886-5535redcrosspharmacy.comLinkedIn51-200 employeespharmaceuticals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.8M

-9.6% from 2015

Total participants

284

+30.9% from 2015

Average account balance

$47,145

-17.9% from 2015

Annual return

6.20%

+5.79 pp from 2015

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.76M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$315K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6444

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

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$54,943
SECURITIES AMERICA INC2+ years Service code 27 12325 PORT GRACE BLVD · LA VISTA, NE 68128	Advisory (Plan)	$30,000
SENTINEL PLAN ADMINISTRATION, INC.1 year Service code 13 3407 KNIPP DRIVE · JEFFERSON CITY, MO 65109	Contract Administrator	$7,486
ESTATE & PENSION ADVISORY BOARD2+ years Filed as: ESTATE & PENSION SERVICES Service code 13	Contract Administrator	$5,507
SEAVER & FORCK CPAS2+ years Filed as: SEAVER & FORCK CPA'S LLC Service code 10 3523 AMAZONAS DRIVE · JEFFERSON CITY, MO 65109	Accounting	$5,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,034

Plan features & details

Pension benefit codes2E2G2J2K2F2T3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

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

$99K

$390 / participant

Investment mgmt$32K32.2%
Contract admin$62K62.8%
Other / not subdivided$5K5.0%

% of EOY assets

0.921%

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: SEAVER AND FORCK, CPA
Auditor EIN: 261136632
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,145

$37,044+27.3%

$71,796-34.3%

$57,658-18.2%

Participation rate

78.4%

61.1%+17.3pp

69.1%+9.3pp

70.2%+8.2pp

Annual return

6.20%

12.64%-6.4pp

78.04%-71.8pp

5.13%+1.1pp

Employer contribution / active EE

$1,421

$720+97.3%

$1,924-26.2%

$1,974-28.0%

Participant deferral / active EE

$3,177

$1,974+61.0%

$2,794+13.7%

$3,061+3.8%

Admin fee / account holder

$434

$101+330.3%

$4,815-91.0%

$95+359.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$54,943

SECURITIES AMERICA INC2+ years

Service code 27

12325 PORT GRACE BLVD · LA VISTA, NE 68128

Advisory (Plan)

$30,000

SENTINEL PLAN ADMINISTRATION, INC.1 year

Service code 13

3407 KNIPP DRIVE · JEFFERSON CITY, MO 65109

Contract Administrator

$7,486

ESTATE & PENSION ADVISORY BOARD2+ years

Filed as: ESTATE & PENSION SERVICES

Service code 13

Contract Administrator

$5,507

SEAVER & FORCK CPAS2+ years

Filed as: SEAVER & FORCK CPA'S LLC

Service code 10

3523 AMAZONAS DRIVE · JEFFERSON CITY, MO 65109

Accounting

$5,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,034

RED CROSS PHARMACY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED CROSS PHARMACY, INC. 401(K) PLAN

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