Retirement plan

GOLDBERG'S LIQUORS 401(K) PROFIT SHARING PLAN

Name: DAMY, LTD. T/A GOLDBERG'S LIQUORS - GOLDBERG'S LIQUORS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: DAMY, LTD. T/A GOLDBERG'S LIQUORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDBERG'S LIQUORS 401(K) PROFIT SHARING PLAN, DAMY, LTD. T/A GOLDBERG'S LIQUORS

DAMY, LTD. T/A GOLDBERG'S LIQUORSEIN 52-0990989Plan #001PY 2023

5106 RITCHIE HWY - BROOKLYN, MD 212253051410-789-1234

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.3M

-6.8% from 2022

Total participants

-9.1% from 2022

Average account balance

$140,622

+3.6% from 2022

Annual return

-9.72%

-13.21 pp from 2022

Benchmarks

See 22,148 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,148 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.77M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2641

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 codes2E2F2G2J2T3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$35K

$4335 / participant

Other / not subdivided$35K100.0%

% of EOY assets

2.740%

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

$140,622

$102,696+36.9%

$86,235+63.1%

$139,487+0.8%

Participation rate

87.5%

74.5%+13.0pp

69.0%+18.5pp

80.3%+7.2pp

Annual return

-9.72%

1925.91%-1935.6pp

1170.03%-1179.8pp

373.84%-383.6pp

Employer contribution / active EE

$4,500

$3,034+48.3%

$2,381+89.0%

$4,755-5.4%

Participant deferral / active EE

$3,375

$4,679-27.9%

$3,987-15.3%

$6,713-49.7%

Admin fee / account holder

$3,854

$8,667-55.5%

$6,856-43.8%

$11,407-66.2%

GOLDBERG'S LIQUORS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDBERG'S LIQUORS 401(K) 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