Retirement plan

UNITED BEVERAGES OF NORTH CAROLINA, LLC 401(K) PLAN

Name: UNITED BEVERAGES OF NORTH CAROLINA, LLC - UNITED BEVERAGES OF NORTH CAROLINA, LLC 401(K) PLAN (2018) Form 5500
Creator: UNITED BEVERAGES OF NORTH CAROLINA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED BEVERAGES OF NORTH CAROLINA, LLC 401(K) PLAN, UNITED BEVERAGES OF NORTH CAROLINA, LLC

UNITED BEVERAGES OF NORTH CAROLINA, LLCEIN 57-1168244Plan #001PY 2018

105 9TH ST., NW - HICKORY, NC 28601828-322-1933unitedbevnc.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18M

-5.0% from 2017

Total participants

182

-1.6% from 2017

Average account balance

$103,901

-2.2% from 2017

Annual return

-3.93%

-21.03 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.53M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

206

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.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$334

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 3 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS4+ years Service code 27 · EIN 04-3422848	Advisory (Plan)	$38,096
SENTINEL PENSION ADVISORS4+ years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$14,022
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 19 · EIN 04-3523567	Securities Custodian	$7,483

Plan features & details

Pension benefit codes2E2G2J2K3D2F

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.
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

$60K

$395 / participant

Investment mgmt$38K63.9%
Other / not subdivided$22K36.1%

% of EOY assets

0.332%

all-in expense ratio

Categories reported

1 / 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: RIVES & ASSOCIATES, LLP
Auditor EIN: 200427530
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,901

$66,302+56.7%

$110,241-5.8%

$56,287+84.6%

Participation rate

94.0%

74.9%+19.1pp

79.8%+14.2pp

69.9%+24.2pp

Annual return

-3.93%

-1.18%-2.7pp

314.75%-318.7pp

-9.96%+6.0pp

Employer contribution / active EE

$2,151

$2,047+5.1%

$3,827-43.8%

$2,111+1.9%

Participant deferral / active EE

$3,520

$3,381+4.1%

$4,672-24.7%

$3,350+5.1%

Admin fee / account holder

$345

$698-50.7%

$8,548-96.0%

$521-33.9%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS4+ years

Service code 27 · EIN 04-3422848

Advisory (Plan)

$38,096

SENTINEL PENSION ADVISORS4+ years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$14,022

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 19 · EIN 04-3523567

Securities Custodian

$7,483

UNITED BEVERAGES OF NORTH CAROLINA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED BEVERAGES OF NORTH CAROLINA, LLC 401(K) 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