Retirement plan

SHERTECH PHARMACY SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: SHERTECH PHARMACY SERVICES, INC. - SHERTECH PHARMACY SERVICES, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SHERTECH PHARMACY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHERTECH PHARMACY SERVICES, INC. 401(K) PROFIT SHARING PLAN, SHERTECH PHARMACY SERVICES, INC.

SHERTECH PHARMACY SERVICES, INC.EIN 57-0943366Plan #001PY 2017

1185 WOODS CHAPEL ROAD - DUNCAN, SC 29334864-661-1001shertechcompoundingpharmacy.comLinkedIn11-50 employeespharmaceuticals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.9M

+32.6% from 2016

Total participants

+2.5% from 2016

Average account balance

$61,261

+34.6% from 2016

Annual return

20.85%

+15.22 pp from 2016

Benchmarks

See 9,369 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,369 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

1000.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161711

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 codes2E2F2J2T3D3H

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).
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.
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

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

$20K

$301 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.499%

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

$61,261

$54,541+12.3%

$78,778-22.2%

$70,124-12.6%

Participation rate

72.3%

60.8%+11.5pp

69.2%+3.1pp

69.5%+2.8pp

Annual return

20.85%

21.07%-0.2pp

35.62%-14.8pp

73.14%-52.3pp

Employer contribution / active EE

$1,855

$1,089+70.4%

$1,986-6.6%

$2,342-20.8%

Participant deferral / active EE

$3,776

$2,210+70.9%

$2,958+27.7%

$3,332+13.3%

Admin fee / account holder

$306

$3,709-91.8%

$5,134-94.0%

$4,645-93.4%

SHERTECH PHARMACY SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHERTECH PHARMACY SERVICES, INC. 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