Retirement plan

SP MERGER SUB LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: SWEETENERS PLUS LLC - SP MERGER SUB LLC 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: SWEETENERS PLUS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SP MERGER SUB LLC 401(K) PROFIT SHARING PLAN & TRUST, SWEETENERS PLUS LLC

SWEETENERS PLUS LLCEIN 83-3911751Plan #001PY 2019

5768 SWEETENERS BLVD - LAKEVILLE, NY 144809741585-346-2318LinkedIn11-50 employeeschemicals

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4M

No prior year

Total participants

103

No prior year

Average account balance

$43,918

No prior year

Annual return

18.43%

No prior year

Benchmarks

See 2,444 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,444 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.34M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

188

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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
STIFEL NICOLAUS & CO INC1+ years Filed as: STIFEL NICOLAUS & CO ACCT#2188 Service code 26 501 N BROADWAY · ST LOUIS, MO 63102	Advisory (Participants)	$11,865
PAYCHEX, INC.1+ years Filed as: PAYCHEX INC Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$7,388

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$186 / participant

Investment mgmt$12K65.7%
Contract admin$7K40.9%

% of EOY assets

0.452%

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, CPAS LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,918

$58,391-24.8%

$76,667-42.7%

$72,976-39.8%

Participation rate

87.6%

67.4%+20.3pp

72.1%+15.5pp

69.5%+18.1pp

Annual return

18.43%

2306.65%-2288.2pp

1166.74%-1148.3pp

81.02%-62.6pp

Employer contribution / active EE

$619

$1,787-65.4%

$2,303-73.1%

$2,440-74.6%

Participant deferral / active EE

$3,279

$2,690+21.9%

$3,336-1.7%

$3,608-9.1%

Admin fee / account holder

$198

$4,014-95.1%

$6,423-96.9%

$5,124-96.1%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC1+ years

Filed as: STIFEL NICOLAUS & CO ACCT#2188

Service code 26

501 N BROADWAY · ST LOUIS, MO 63102

Advisory (Participants)

$11,865

PAYCHEX, INC.1+ years

Filed as: PAYCHEX INC

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$7,388

SP MERGER SUB LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SP MERGER SUB LLC 401(K) PROFIT SHARING PLAN & TRUST

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