Retirement plan

SWEETENERS PLUS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: SWEETENERS PLUS LLC - SWEETENERS PLUS LLC 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: SWEETENERS PLUS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWEETENERS PLUS LLC 401(K) PROFIT SHARING PLAN AND TRUST, SWEETENERS PLUS LLC

SWEETENERS PLUS LLCEIN 83-3911751Plan #001PY 2020

5768 SWEETNERS BLVD. - LAKEVILLE, NY 14480585-346-2318LinkedIn11-50 employeeschemicals

Prospect flagsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.5M

+38.2% from 2019

Total participants

153

+48.5% from 2019

Average account balance

$36,110

-17.8% from 2019

Annual return

31.96%

+13.54 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.1 year Filed as: PAYCHEX SECURITIES CORPORATION Service code 15 · EIN 16-1486352	Recordkeeping	$6,381
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 · EIN 16-1450952	Recordkeeping	$956
CHARLES SCHWAB & CO., INC.1 year Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$7K

$60 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.133%

all-in expense ratio

Categories reported

0 / 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

$36,110

$54,590-33.9%

$81,726-55.8%

$73,497-50.9%

Participation rate

100.0%

68.3%+31.7pp

72.0%+28.0pp

70.7%+29.3pp

Annual return

31.96%

17.74%+14.2pp

29.49%+2.5pp

28.51%+3.5pp

Employer contribution / active EE

$953

$1,636-41.8%

$4,311-77.9%

$2,270-58.0%

Participant deferral / active EE

$3,050

$2,759+10.6%

$7,108-57.1%

$3,740-18.4%

Admin fee / account holder

$48

$592-91.9%

$5,160-99.1%

$513-90.7%

Provider

Service type

Compensation

PAYCHEX, INC.1 year

Filed as: PAYCHEX SECURITIES CORPORATION

Service code 15 · EIN 16-1486352

Recordkeeping

$6,381

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15 · EIN 16-1450952

Recordkeeping

$956

CHARLES SCHWAB & CO., INC.1 year

Service code 59 · EIN 94-1737782

Shareholder Servicing

SWEETENERS PLUS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWEETENERS PLUS LLC 401(K) PROFIT SHARING PLAN AND 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