Retirement plan

DISCOUNT DRUGS WISCONSIN, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: DISCOUNT DRUGS WISCONSIN, INC. - DISCOUNT DRUGS WISCONSIN, INC. 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: DISCOUNT DRUGS WISCONSIN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DISCOUNT DRUGS WISCONSIN, INC. 401(K) PROFIT SHARING PLAN & TRUST, DISCOUNT DRUGS WISCONSIN, INC.

DISCOUNT DRUGS WISCONSIN, INC.EIN 52-0240642Plan #006PY 2021

4301 RANDOLPH ROAD - SILVER SPRING, MD 209064630301-942-9210

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+16.5% from 2020

Total participants

107

-3.6% from 2020

Average account balance

$74,869

+22.7% from 2020

Annual return

11.51%

-2.63 pp from 2020

Benchmarks

See 9,036 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,036 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.26M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

63.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15861

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Filed as: LPL FINANCIAL, LLC - RPCP Service code 26 · EIN 45-0491716	Advisory (Participants)	$13,068
JOHN HANCOCK LIFE INSURANCE COMPANY7+ years Filed as: JOHN HANCOCK LIFE INS CO (USA) Service code 15 · EIN 01-0233346	Recordkeeping	$741

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$21 / participant

Contract admin$74137.7%
Other / not subdivided$1K62.3%

% of EOY assets

0.035%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SKMB, PA
Auditor EIN: 521645753
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,869

$99,994-25.1%

$146,647-48.9%

$85,851-12.8%

Participation rate

66.3%

73.1%-6.7pp

80.1%-13.8pp

69.3%-3.0pp

Annual return

11.51%

18.93%-7.4pp

22.75%-11.2pp

318.63%-307.1pp

Employer contribution / active EE

$322

$2,559-87.4%

$4,137-92.2%

$2,565-87.4%

Participant deferral / active EE

$2,469

$4,006-38.4%

$5,506-55.2%

$3,952-37.5%

Admin fee / account holder

$26

$7,703-99.7%

$10,281-99.7%

$6,261-99.6%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL, LLC - RPCP

Service code 26 · EIN 45-0491716

Advisory (Participants)

$13,068

JOHN HANCOCK LIFE INSURANCE COMPANY7+ years

Filed as: JOHN HANCOCK LIFE INS CO (USA)

Service code 15 · EIN 01-0233346

Recordkeeping

$741

DISCOUNT DRUGS WISCONSIN, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DISCOUNT DRUGS WISCONSIN, INC. 401(K) PROFIT SHARING PLAN & TRUST

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