Retirement plan

ADVANCE BEVERAGE CO., INC. 401(K) PROFIT SHARING PLAN

Name: ADVANCE BEVERAGE COMPANY - ADVANCE BEVERAGE CO., INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: ADVANCE BEVERAGE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCE BEVERAGE CO., INC. 401(K) PROFIT SHARING PLAN, ADVANCE BEVERAGE COMPANY

ADVANCE BEVERAGE COMPANYEIN 95-2701458Plan #001PY 2017

5200 DISTRICT BLVD. - BAKERSFIELD, CA 93313661-833-3783advancebeverage.comLinkedIn1-10 employeeswholesale

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.7M

+4.5% from 2016

Total participants

241

-2.0% from 2016

Average account balance

$137,641

+15.1% from 2016

Annual return

6.30%

-1.77 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.25M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

166

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$531K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$676

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
SENTINEL ASSET MANAGEMENT2+ years Service code 28 · EIN 33-0397627 P.O. BOX 3069 · DEL MAR, CA 92014	Investment Management	$103,432
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS. COMP Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$33,424
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143 4208 SIX FORKS RD. · RALEIGH, NC 27609	Advisory (Plan)	$20,184
BARBICH HOOPER KING DILL HOFFMAN2+ years Service code 10 · EIN 95-3705481 5001 EAST COMMERCE DRIVE · BAKERSFIELD, CA 93309	Accounting	$12,350
PRB ADMINISTRATORS, INC.2+ years Filed as: PRB ADMINISTRATORS, INC Service code 13 · EIN 38-2799783 1990 SOUTH BUNDY DRIVE · LOS ANGELES, CA 90025	Contract Administrator	$8,826
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SVCS Service code 28 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$179

Plan features & details

Pension benefit codes2A2E2H2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$162K

$1087 / participant

Investment mgmt$138K85.4%
Other / not subdivided$24K14.6%

% of EOY assets

0.545%

all-in expense ratio

Categories reported

1 / 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: BARBICH HOOPER KING DILL HOFFMAN
Auditor EIN: 953705481
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,641

$46,297+197.3%

$71,671+92.0%

$62,293+121.0%

Participation rate

83.2%

60.6%+22.6pp

68.7%+14.5pp

69.5%+13.7pp

Annual return

6.30%

22.32%-16.0pp

20.65%-14.4pp

28.90%-22.6pp

Employer contribution / active EE

$1,412-100.0%

$2,460-100.0%

$2,042-100.0%

Participant deferral / active EE

$1,320

$2,235-40.9%

$3,438-61.6%

$3,169-58.3%

Admin fee / account holder

$750

$461+62.7%

$5,558-86.5%

$479+56.4%

Provider

Service type

Compensation

SENTINEL ASSET MANAGEMENT2+ years

Service code 28 · EIN 33-0397627

P.O. BOX 3069 · DEL MAR, CA 92014

Investment Management

$103,432

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS. COMP

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$33,424

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

4208 SIX FORKS RD. · RALEIGH, NC 27609

Advisory (Plan)

$20,184

BARBICH HOOPER KING DILL HOFFMAN2+ years

Service code 10 · EIN 95-3705481

5001 EAST COMMERCE DRIVE · BAKERSFIELD, CA 93309

Accounting

$12,350

PRB ADMINISTRATORS, INC.2+ years

Filed as: PRB ADMINISTRATORS, INC

Service code 13 · EIN 38-2799783

1990 SOUTH BUNDY DRIVE · LOS ANGELES, CA 90025

Contract Administrator

$8,826

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SVCS

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$179

ADVANCE BEVERAGE CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCE BEVERAGE CO., INC. 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