Retirement plan

SGWS OF NEW YORK SALES, WAREHOUSE AND CLERICAL 401(K) PLAN

Name: SOUTHERN GLAZER'S WINE & SPIRITS OF NEW YORK, LLC - SGWS OF NEW YORK SALES, WAREHOUSE AND CLERICAL 401(K) PLAN (2023) Form 5500
Creator: SOUTHERN GLAZER'S WINE & SPIRITS OF NEW YORK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SGWS OF NEW YORK SALES, WAREHOUSE AND CLERICAL 401(K) PLAN, SOUTHERN GLAZER'S WINE & SPIRITS OF NEW YORK, LLC

SOUTHERN GLAZER'S WINE & SPIRITS OF NEW YORK, LLCEIN 65-0879542Plan #010PY 2023

345 UNDERHILL BOULEVARD - SYOSSET, NY 11791515-921-9005LinkedIn501-1000 employeescomputer software

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$62.6M

+24.9% from 2022

Total participants

432

+4.1% from 2022

Average account balance

$203,179

+20.9% from 2022

Annual return

21.05%

+36.06 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.60M

Not enough data

1 years with asset history on file

Average account balance

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

$240K

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.

302

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 2 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$21,073
CAPFINANCIAL PARTNERS LLC3 years Service code 28 · EIN 26-0058143	Investment Management	$7,500

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$29K

$72 / participant

Recordkeeping$15K53.1%
Investment mgmt$13K46.9%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$203,179

$91,372+122.4%

$130,045+56.2%

$74,460+172.9%

Participation rate

69.0%

77.8%-8.8pp

78.5%-9.5pp

70.7%-1.7pp

Annual return

21.05%

23.21%-2.2pp

-137.30%+158.4pp

34.38%-13.3pp

Employer contribution / active EE

$2,563-100.0%

$4,321-100.0%

$2,638-100.0%

Participant deferral / active EE

$10,970

$4,721+132.4%

$5,820+88.5%

$4,530+142.2%

Admin fee / account holder

$93

$283-67.2%

$10,600-99.1%

$348-73.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$21,073

CAPFINANCIAL PARTNERS LLC3 years

Service code 28 · EIN 26-0058143

Investment Management

$7,500

SGWS OF NEW YORK SALES, WAREHOUSE AND CLERICAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SGWS OF NEW YORK SALES, WAREHOUSE AND CLERICAL 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