Retirement plan

CHARLES SELIGMAN DISTRIBUTING CO. 401(K) DRIVERS/WAREHOUSE BARGAINING UNIT PLAN

Name: CHAS SELIGMAN DISTRIBUTING CO., INC. - CHARLES SELIGMAN DISTRIBUTING CO. 401(K) DRIVERS/WAREHOUSE BARGAINING UNIT PLAN (2021) Form 5500
Creator: CHAS SELIGMAN DISTRIBUTING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES SELIGMAN DISTRIBUTING CO. 401(K) DRIVERS/WAREHOUSE BARGAINING UNIT PLAN, CHAS SELIGMAN DISTRIBUTING CO., INC.

CHAS SELIGMAN DISTRIBUTING CO., INC.EIN 61-0674124Plan #005PY 2021

10885 CLYDESDALE CT - WALTON, KY 41094859-344-1881chasseligman.comLinkedIn51-200 employeesconsumer goods

Other plans on this EIN

1 filing

#001Retirement-$16.0M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed July 6, 2020

Plan administrator

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10885 Clydesdale Ct

Walton, KY 41094

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Plans declared (1)

Incentive Award Deferred Compensation1 emp

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Total assets (EOY)

$4.2M

+11.2% from 2020

Total participants

0.0% from 2020

Average account balance

$63,949

+9.5% from 2020

Annual return

13.55%

-2.80 pp from 2020

Benchmarks

See 9,036 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,036 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.90M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$229K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10462

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

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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 codes2E2F2G2J2T3D

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.
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

$325K

$6241 / participant

Other / not subdivided$325K100.0%

% of EOY assets

7.689%

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

$63,949

$99,994-36.0%

$146,647-56.4%

$85,851-25.5%

Participation rate

98.1%

73.1%+25.0pp

80.1%+18.0pp

69.3%+28.8pp

Annual return

13.55%

18.93%-5.4pp

22.75%-9.2pp

318.63%-305.1pp

Employer contribution / active EE

$1,270

$2,559-50.4%

$4,137-69.3%

$2,565-50.5%

Participant deferral / active EE

$3,258

$4,006-18.7%

$5,506-40.8%

$3,952-17.6%

Admin fee / account holder

$4,917

$7,703-36.2%

$10,281-52.2%

$6,261-21.5%

CHARLES SELIGMAN DISTRIBUTING CO. 401(K) DRIVERS/WAREHOUSE BARGAINING UNIT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES SELIGMAN DISTRIBUTING CO. 401(K) DRIVERS/WAREHOUSE BARGAINING UNIT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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