Retirement plan

A. B. BEVERAGE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: A. B. BEVERAGE COMPANY, INC. - A. B. BEVERAGE COMPANY, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: A. B. BEVERAGE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A. B. BEVERAGE COMPANY, INC. 401(K) PROFIT SHARING PLAN, A. B. BEVERAGE COMPANY, INC.

A. B. BEVERAGE COMPANY, INC.EIN 58-0866537Plan #002PY 2015

665 INDUSTRIAL PARK DRIVE - EVANS, GA 308090000706-855-8555

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.5M

No prior year

Total participants

103

No prior year

Average account balance

$73,068

No prior year

Annual return

-1.20%

No prior year

Benchmarks

See 8,334 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,334 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.09M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

72.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$417K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17673

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

Top 3 by compensation

Provider	Service type	Compensation
PARSEC FINANCIAL MANAGEMENT1+ years Filed as: PARSEC FINANCIAL Service code 27 6 WALL STREET · ASHEVILLE, NC 28801	Advisory (Plan)	$18,119
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB Service code 19 · EIN 42-1558009	Securities Custodian	$12,662
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 60	Sub-TA Fees	$3,562

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

$26K

$270 / participant

Investment mgmt$18K69.2%
Other / not subdivided$8K30.8%

% of EOY assets

0.478%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,068

$65,704+11.2%

$94,229-22.5%

$59,633+22.5%

Participation rate

71.1%

72.1%-1.0pp

78.8%-7.6pp

68.7%+2.5pp

Annual return

-1.20%

5.22%-6.4pp

10.68%-11.9pp

2041.45%-2042.6pp

Employer contribution / active EE

$938

$2,021-53.6%

$3,587-73.8%

$2,203-57.4%

Participant deferral / active EE

$2,307

$3,143-26.6%

$4,320-46.6%

$3,192-27.7%

Admin fee / account holder

$349

$4,265-91.8%

$6,269-94.4%

$4,297-91.9%

Provider

Service type

Compensation

PARSEC FINANCIAL MANAGEMENT1+ years

Filed as: PARSEC FINANCIAL

Service code 27

6 WALL STREET · ASHEVILLE, NC 28801

Advisory (Plan)

$18,119

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 42-1558009

Securities Custodian

$12,662

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: THE RETIREMENT PLAN COMPANY

Service code 60

Sub-TA Fees

$3,562

A. B. BEVERAGE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A. B. BEVERAGE COMPANY, 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