Retirement plan

BARRYS DRUG CENTER, INC. PROFIT SHARING PLAN

Name: BARRYS DRUG CENTER, INC. - BARRYS DRUG CENTER, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: BARRYS DRUG CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRYS DRUG CENTER, INC. PROFIT SHARING PLAN, BARRYS DRUG CENTER, INC.

BARRYS DRUG CENTER, INC.EIN 48-0873164Plan #001PY 2022

PO BOX 7190 - SHAWNEE MISSION, KS 66207913-648-5526barrysdrugcenter.comLinkedIn11-50 employeescosmetics

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

-11.9% from 2021

Total participants

+7.1% from 2021

Average account balance

$162,092

-11.9% from 2021

Annual return

-16.71%

-30.89 pp from 2021

Benchmarks

See 21,409 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort21,409 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30995

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$23K

$1908 / participant

Other / not subdivided$23K100.0%

% of EOY assets

1.009%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,092

$95,915+69.0%

$79,580+103.7%

$134,532+20.5%

Participation rate

91.7%

75.0%+16.6pp

69.5%+22.2pp

81.2%+10.4pp

Annual return

-16.71%

-2.71%-14.0pp

0.15%-16.9pp

418.27%-435.0pp

Employer contribution / active EE

$3,444

$3,129+10.1%

$2,413+42.7%

$4,741-27.4%

Participant deferral / active EE

$6,792

$4,693+44.7%

$3,985+70.4%

$6,401+6.1%

Admin fee / account holder

$1,635

$9,132-82.1%

$6,835-76.1%

$11,429-85.7%

BARRYS DRUG CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRYS DRUG CENTER, INC. PROFIT SHARING 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