Retirement plan

NC MUTUAL WHOLESALE DRUG COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: THE NC MUTUAL WHOLESALE DRUG CO. - NC MUTUAL WHOLESALE DRUG COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN (2020) Form 5500
Creator: THE NC MUTUAL WHOLESALE DRUG CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NC MUTUAL WHOLESALE DRUG COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN, THE NC MUTUAL WHOLESALE DRUG CO.

THE NC MUTUAL WHOLESALE DRUG CO.EIN 56-0576951Plan #001PY 2020

816 ELLIS ROAD, P.O. BOX 411 - DURHAM, NC 27703919-598-4908

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.2M

+9.1% from 2019

Total participants

161

-0.6% from 2019

Average account balance

$177,610

+6.1% from 2019

Annual return

12.78%

-3.33 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.66M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

156

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.

88.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$76,918
COMPERIO RETIREMENT CONSULTING, INC6+ years Service code 27 · EIN 20-4798453	Advisory (Plan)	$27,750
COMPERIO RETIREMENT CONSULTING, INC4 years Filed as: COMPERIO RETIREMENT CONSULTING INC. Service code 27 · EIN 20-4798483	Advisory (Plan)	$10,218
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
ARTISAN PARTNERS4 years Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: CARILLON FUNDS Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 94-2362417	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
PIMCO FUNDS4 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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

$107K

$877 / participant

Investment mgmt$102K95.1%
Contract admin$3K2.7%
Other / not subdivided$2K2.2%

% of EOY assets

0.424%

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: BLACKMAN & SLOOP, CPAS, P.A.
Auditor EIN: 566130472
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,610

$81,474+118.0%

$133,959+32.6%

$73,493+141.7%

Participation rate

84.4%

76.4%+8.1pp

79.8%+4.6pp

70.7%+13.7pp

Annual return

12.78%

19.40%-6.6pp

45.09%-32.3pp

28.51%-15.7pp

Employer contribution / active EE

$3,175

$2,209+43.7%

$3,919-19.0%

$2,270+39.8%

Participant deferral / active EE

$4,612

$3,786+21.8%

$5,047-8.6%

$3,740+23.3%

Admin fee / account holder

$753

$713+5.7%

$8,928-91.6%

$513+46.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$76,918

COMPERIO RETIREMENT CONSULTING, INC6+ years

Service code 27 · EIN 20-4798453

Advisory (Plan)

$27,750

COMPERIO RETIREMENT CONSULTING, INC4 years

Filed as: COMPERIO RETIREMENT CONSULTING INC.

Service code 27 · EIN 20-4798483

Advisory (Plan)

$10,218

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

ARTISAN PARTNERS4 years

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: CARILLON FUNDS

Service code 52 · EIN 59-2385219

Indirect Investment Fees

FRANKLIN TEMPLETON4 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 94-2362417

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

PIMCO FUNDS4 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

NC MUTUAL WHOLESALE DRUG COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NC MUTUAL WHOLESALE DRUG COMPANY, INC. EMPLOYEES' 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