Retirement plan

NORTH STATE GROCERY, INC. 401(K) PLAN

Name: NORTH STATE GROCERY, INC. - NORTH STATE GROCERY, INC. 401(K) PLAN (2018) Form 5500
Creator: NORTH STATE GROCERY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH STATE GROCERY, INC. 401(K) PLAN, NORTH STATE GROCERY, INC.

NORTH STATE GROCERY, INC.EIN 68-0173691Plan #001PY 2018

20803 FRONT STREET, P.O. BOX 439 - COTTONWOOD, CA 96022530-347-4621shopholidaymarket.comLinkedIn1001-5000 employeessupermarkets

Other plans on this EIN

1 filing

#002Retirement-$50.4M assets

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 13, 2017

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10.1M

-7.8% from 2017

Total participants

514

+7.1% from 2017

Average account balance

$36,167

+1.2% from 2017

Annual return

-5.71%

-23.65 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.01M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

671

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$64,656
KORNERSTONE, INC.2 years Filed as: KORNERSTONE INC. 401(K) SERVICES Service code 27 2452 LAKEWEST DR · CHICO, CA 95928	Advisory (Plan)	$37,794
NEAL AND LEIDHOLDT AN ACCOUNTANCY C1 year Service code 10 · EIN 68-0142874 448 REDCLIFF DRIVE · REDDING, CA 96002	Accounting	$20,750
MOSS ADAMS LLP1 year Service code 10 · EIN 91-0189318 999 3RD AVE · SEATTLE, WA 981044002	Accounting	$12,456
BLUE CHIP RETIREMENT PLANS, INC.2 years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 · EIN 13-4238973 154 HANSEN RD, STE 102 · CHARLOTTESVILLE, VA 22911	Contract Administrator	$7,804

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$108K

$218 / participant

Investment mgmt$2K2.0%
Other / not subdivided$106K98.0%

% of EOY assets

1.071%

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: CAMPBELL TAYLOR & COMPANY
Auditor EIN: 680251243
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,167

$35,485+1.9%

$74,549-51.5%

$55,725-35.1%

Participation rate

52.2%

62.5%-10.3pp

69.1%-16.9pp

70.9%-18.6pp

Annual return

-5.71%

0.72%-6.4pp

32.53%-38.2pp

244.93%-250.6pp

Employer contribution / active EE

$777-100.0%

$1,961-100.0%

$2,078-100.0%

Participant deferral / active EE

$1,515

$2,181-30.5%

$3,108-51.2%

$3,356-54.8%

Admin fee / account holder

$388

$114+238.9%

$5,059-92.3%

$115+236.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$64,656

KORNERSTONE, INC.2 years

Filed as: KORNERSTONE INC. 401(K) SERVICES

Service code 27

2452 LAKEWEST DR · CHICO, CA 95928

Advisory (Plan)

$37,794

NEAL AND LEIDHOLDT AN ACCOUNTANCY C1 year

Service code 10 · EIN 68-0142874

448 REDCLIFF DRIVE · REDDING, CA 96002

Accounting

$20,750

MOSS ADAMS LLP1 year

Service code 10 · EIN 91-0189318

999 3RD AVE · SEATTLE, WA 981044002

Accounting

$12,456

BLUE CHIP RETIREMENT PLANS, INC.2 years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13 · EIN 13-4238973

154 HANSEN RD, STE 102 · CHARLOTTESVILLE, VA 22911

Contract Administrator

$7,804

NORTH STATE GROCERY, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH STATE GROCERY, INC. 401(K) PLAN

Top hat statement on fileNQDC

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