Retirement plan

NORTH AMERICAN BREWERIES, INC. EMPLOYEES' SAVINGS AND INVESTMENT PLAN

Name: NORTH AMERICAN BREWERIES, INC. - NORTH AMERICAN BREWERIES, INC. EMPLOYEES' SAVINGS AND INVESTMENT PLAN (2024) Form 5500
Creator: NORTH AMERICAN BREWERIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH AMERICAN BREWERIES, INC. EMPLOYEES' SAVINGS AND INVESTMENT PLAN, NORTH AMERICAN BREWERIES, INC.

NORTH AMERICAN BREWERIES, INC.EIN 80-0301528Plan #001PY 2024

445 SAINT PAUL STREET - ROCHESTER, NY 146051726585-263-9223nabreweries.comLinkedIn1001-5000 employeesfood & beverages

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$81.6M

+8.4% from 2023

Total participants

859

+5.3% from 2023

Average account balance

$118,738

+15.1% from 2023

Annual return

15.64%

-3.51 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$81.57M

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.

687

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.

66.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$87,493
UBS FINANCIAL SERVICES INC7 years Service code 28 · EIN 13-2638166	Investment Management	$20,000
INSERO & CO. CPAS, LLP7 years Filed as: INSERO AND CO CPAS LLP Service code 10 · EIN 47-5324570	Accounting	$15,325

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$123K

$242 / participant

Recordkeeping$77K62.7%
Investment mgmt$30K24.8%
Other / not subdivided$15K12.5%

% of EOY assets

0.151%

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: INSERO & CO. CPA'S, LLP
Auditor EIN: 475324570
Audit fees: $15,325
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,738

$66,459+78.7%

$81,286+46.1%

$77,714+52.8%

Participation rate

66.1%

68.7%-2.6pp

69.5%-3.4pp

70.6%-4.4pp

Annual return

15.64%

15.95%-0.3pp

24.80%-9.2pp

31.26%-15.6pp

Employer contribution / active EE

$2,754

$2,156+27.7%

$2,463+11.8%

$2,727+1.0%

Participant deferral / active EE

$7,071

$3,674+92.4%

$3,883+82.1%

$4,649+52.1%

Admin fee / account holder

$179

$585-69.4%

$5,764-96.9%

$433-58.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$87,493

UBS FINANCIAL SERVICES INC7 years

Service code 28 · EIN 13-2638166

Investment Management

$20,000

INSERO & CO. CPAS, LLP7 years

Filed as: INSERO AND CO CPAS LLP

Service code 10 · EIN 47-5324570

Accounting

$15,325

NORTH AMERICAN BREWERIES, INC. EMPLOYEES' SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH AMERICAN BREWERIES, INC. EMPLOYEES' SAVINGS AND INVESTMENT 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