Retirement plan

OBRIENS MARKET, INC. 401K PROFIT SHARING PLAN

Name: OBRIENS MARKET, INC. - OBRIENS MARKET, INC. 401K PROFIT SHARING PLAN (2019) Form 5500
Creator: OBRIENS MARKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OBRIENS MARKET, INC. 401K PROFIT SHARING PLAN, OBRIENS MARKET, INC.

OBRIENS MARKET, INC.EIN 94-2479762Plan #001PY 2019

6331 OAKDALE ROAD - RIVERBANK, CA 953679646209-869-9050

Prospect flagsLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4M

+20.9% from 2018

Total participants

105

-35.2% from 2018

Average account balance

$42,287

+26.0% from 2018

Annual return

20.39%

+25.48 pp from 2018

Benchmarks

See 9,368 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,368 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.51M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

148

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

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

+10.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$192

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 4 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP3 years Filed as: PENSION DESIGN, INC Service code 15 · EIN 77-0088483	Recordkeeping	$7,637
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$1,538
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH LIFE AGENCY Service code 49 · EIN 13-2808480	Other Services	$0
MESIROW FINANCIAL INVESTMENT MANAGE3 years Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2E2H2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

3 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$9K

$167 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.228%

all-in expense ratio

Categories reported

0 / 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: LEE CPA AUDI GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,287

$58,512-27.7%

$84,020-49.7%

$72,983-42.1%

Participation rate

81.8%

61.2%+20.6pp

69.0%+12.8pp

69.5%+12.3pp

Annual return

20.39%

28.93%-8.5pp

71.31%-50.9pp

81.01%-60.6pp

Employer contribution / active EE

$909

$1,163-21.8%

$1,984-54.2%

$2,440-62.7%

Participant deferral / active EE

$1,685

$2,394-29.6%

$3,239-48.0%

$3,608-53.3%

Admin fee / account holder

$97

$4,569-97.9%

$6,101-98.4%

$5,124-98.1%

Provider

Service type

Compensation

PENSION ASSURANCE LLP3 years

Filed as: PENSION DESIGN, INC

Service code 15 · EIN 77-0088483

Recordkeeping

$7,637

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$1,538

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH LIFE AGENCY

Service code 49 · EIN 13-2808480

Other Services

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Service code 49 · EIN 36-3429599

Other Services

OBRIENS MARKET, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OBRIENS MARKET, INC. 401K 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