Retirement plan

SILVER OAK CELLARS 401(K) PROFIT SHARING PLAN

Name: SILVER OAK WINE CELLARS, LLC - SILVER OAK CELLARS 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: SILVER OAK WINE CELLARS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILVER OAK CELLARS 401(K) PROFIT SHARING PLAN, SILVER OAK WINE CELLARS, LLC

SILVER OAK WINE CELLARS, LLCEIN 94-2327363Plan #333PY 2018

7300 HIGHWAY 128 - HEALDSBURG, CA 95488707-944-8808

Other plans on this EIN

1 filing

#001Retirement-$25.0M assets

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$25M

+13.9% from 2016

Total participants

213

+22.4% from 2016

Average account balance

$120,679

-15.8% from 2016

Annual return

-7.70%

-12.79 pp from 2016

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.58M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

244

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$443

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
FIRST WESTERN TRUST BANK1 year Service code 13 · EIN 27-0083757	Contract Administrator	$45,232
BROTEMARKLE, DAVIS & CO LLP1 year Filed as: BROTEMARKLE, DAVIS & CO, LLP Service code 10 · EIN 68-0219846	Accounting	$37,500
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$13,325

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$81K

$454 / participant

Investment mgmt$23K29.1%
Contract admin$18K22.5%
Other / not subdivided$39K48.5%

% of EOY assets

0.323%

all-in expense ratio

Categories reported

2 / 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: BROTEMARKLE, DAVIS & CO. LLP
Auditor EIN: 680219846
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,679

$43,504+177.4%

$68,793+75.4%

$56,287+114.4%

Participation rate

96.6%

67.8%+28.8pp

72.2%+24.4pp

69.9%+26.8pp

Annual return

-7.70%

-3.15%-4.5pp

-4.63%-3.1pp

-9.96%+2.3pp

Employer contribution / active EE

$9,046

$1,525+493.1%

$2,625+244.6%

$2,111+328.5%

Participant deferral / active EE

$5,753

$2,509+129.3%

$3,311+73.8%

$3,350+71.7%

Admin fee / account holder

$390

$515-24.2%

$5,131-92.4%

$521-25.1%

Provider

Service type

Compensation

FIRST WESTERN TRUST BANK1 year

Service code 13 · EIN 27-0083757

Contract Administrator

$45,232

BROTEMARKLE, DAVIS & CO LLP1 year

Filed as: BROTEMARKLE, DAVIS & CO, LLP

Service code 10 · EIN 68-0219846

Accounting

$37,500

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$13,325

SILVER OAK CELLARS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILVER OAK CELLARS 401(K) PROFIT SHARING 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