Retirement plan

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

Name: ADVANCE BEVERAGE CO., INC. - ADVANCE BEVERAGE CO., INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ADVANCE BEVERAGE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCE BEVERAGE CO., INC. 401(K) PROFIT SHARING PLAN, ADVANCE BEVERAGE CO., INC.

ADVANCE BEVERAGE CO., INC.EIN 95-2701458Plan #001PY 2023

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

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$22.9M

+10.7% from 2022

Total participants

235

+7.8% from 2022

Average account balance

$119,412

+7.8% from 2022

Annual return

11.18%

+27.14 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$49,557
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,384
AMERICAN FUNDS1 year Filed as: ADVANCE BEVERAGE COMPANY, INC. Service code 99 PO BOX 9517 · BAKERSFIELD, CA 93389	Other Fees	$7,287

Plan features & details

Pension benefit codes2A2E2F2G2J2T

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.
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.
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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$138K

$935 / participant

Investment mgmt$106K76.6%
Contract admin$32K23.4%

% of EOY assets

0.604%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,412

$83,045+43.8%

$130,045-8.2%

$71,511+67.0%

Participation rate

70.9%

74.1%-3.2pp

78.5%-7.6pp

67.9%+3.0pp

Annual return

11.18%

20.61%-9.4pp

-137.30%+148.5pp

28.86%-17.7pp

Employer contribution / active EE

$1,974

$2,623-24.8%

$4,321-54.3%

$2,589-23.8%

Participant deferral / active EE

$1,909

$4,436-57.0%

$5,820-67.2%

$4,291-55.5%

Admin fee / account holder

$721

$1,727-58.3%

$10,600-93.2%

$1,588-54.6%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR

Service code 27

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$49,557

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,384

AMERICAN FUNDS1 year

Filed as: ADVANCE BEVERAGE COMPANY, INC.

Service code 99

PO BOX 9517 · BAKERSFIELD, CA 93389

Other Fees

$7,287

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