Retirement plan

WICOMICO COUNTY LIQUOR CONTROL BOARD PROFIT SHARING PLAN AND TRUST

Name: WICOMICO COUNTY LIQUOR CONTROL BOARD - WICOMICO COUNTY LIQUOR CONTROL BOARD PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: WICOMICO COUNTY LIQUOR CONTROL BOARD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WICOMICO COUNTY LIQUOR CONTROL BOARD PROFIT SHARING PLAN AND TRUST, WICOMICO COUNTY LIQUOR CONTROL BOARD

WICOMICO COUNTY LIQUOR CONTROL BOARDEIN 52-6001056Plan #002PY 2020

807 S. SALISBURY BLVD. - SALISBURY, MD 218016207410-749-5721LinkedIn11-50 employeeswine and spirits

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$475K

+11.0% from 2019

Total participants

+9.1% from 2019

Average account balance

$20,666

+6.2% from 2019

Annual return

5.21%

-0.21 pp from 2019

Benchmarks

See 18,868 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,868 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$663K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$795

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 codes2E2F2G2J2T

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.

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

$12K

$713 / participant

Other / not subdivided$12K100.0%

% of EOY assets

2.552%

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

$20,666

$112,933-81.7%

$90,970-77.3%

$158,982-87.0%

Participation rate

94.1%

74.7%+19.4pp

69.0%+25.1pp

82.0%+12.2pp

Annual return

5.21%

215.82%-210.6pp

134.60%-129.4pp

302.99%-297.8pp

Employer contribution / active EE

$968

$2,893-66.5%

$2,122-54.4%

$4,763-79.7%

Participant deferral / active EE

$1,169

$4,128-71.7%

$3,373-65.3%

$5,983-80.5%

Admin fee / account holder

$527

$8,047-93.4%

$5,961-91.2%

$11,252-95.3%

WICOMICO COUNTY LIQUOR CONTROL BOARD PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WICOMICO COUNTY LIQUOR CONTROL BOARD PROFIT SHARING PLAN AND 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