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Benchmarking King Beverage, Inc. Employees' 401(K) Plan in Spokane, WA against  

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King Beverage, Inc. Employees' 401(K) Plan in Spokane, WA has the 6th-lowest total administrative expense ratio (0.040%) among the 69 plans whose industry group is Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers. That 0.040% compares to an average of 0.520% across those 69 plans.

Beating the average of 0.520% means a savings of $43,763 in total administrative expenses.

Note: total administrative expense ratio =
(100 * total administrative expenses) ÷ total assets

King Beverage, Inc. Employees' 401(K) Plan has these standings among those 69 peer plans:

  • total administrative expense ratio = 0.040% (6th-lowest)

  • total administrative expenses = $3,608 (11th-lowest)

  • total assets = $9,077,393 (13th-most)

Visualize

 
 

References

  1. whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. total administrative expense ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.

Profile

King Beverage, Inc. Employees' 401(K) Plan in Spokane, WA is in Spokane, WA, its EIN is 911090148, its industry group is Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers, its plan administrator is Collin Douglas, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 424800, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, yield on beginning-of-plan-year total assets, and diversity of asset types (5 total), and is better than the overall participant averages in each of average account balance, employer contributions per active participant, and total administrative expense per participant.

 

     Numeric values:
  • total assets at beginning of plan year ($10,936,183)
  • net assets (assets minus liabilities) ($9.10M)
  • total assets ($9,077,393)
  • value of interest in pooled separate accounts ($8,788,614)
  • total expenses ($676,756)
  • total contributions ($674,240)
  • cash contributions from participants ($397,565)
  • participant loans ($279,828)
  • cash contributions from employers ($276,675)
  • average account balance ($45,387)
  • receivables employer contributions ($8,657)
  • average employer+participant cash contribution per active participant ($4,378)
  • contract administrator fees ($3,608)
  • total administrative expenses ($3,608)
  • average participant cash contribution per active participant ($2,582)
  • average employer cash contribution per active participant ($1,797)
  • receivables participant contributions ($294)
  • total administrative expense per participant ($18.04)
  • total noninterest-bearing cash ($0)
  • other receivables (not employer nor participant contributions) ($0)
  • interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
  • U.S. government securities ($0.0K)
  • corporate debt instruments (preferred & other than employer securities) ($0)
  • corporate debt instruments (below preferred & other than employer securities) ($0)
  • corporate preferred stocks (other than employer securities) ($0)
  • corporate common stocks (other than employer securities) ($0)
  • partnership/joint venture interests ($0)
  • real estate (other than employer real property) ($0)
  • loans (other than to participants) ($0)
  • value of interest in common/collective trusts ($0)
  • value of interest in master trust investment accounts ($0.0K)
  • value of interest in 103-12 investment entities ($0)
  • value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
  • value of funds held in insurance company general account (unallocated contracts) ($0)
  • other general investments ($0)
  • employer-related securities investments ($0)
  • employer-related real-property investments ($0)
  • buildings and other property used in plan operation ($0)
  • total liabilities ($0)
  • corrective distributions ($0)
  • professional fees ($0)
  • investment advisory and management fees ($0)
  • other administrative expenses ($0)
  • asset transfers to the plan ($0)
  • asset transfers from the plan ($0)
  • net income per total participant (-$9,294)
  • total income (-$1,182,034)
  • net income (-$1,858,790)
  • earnings on investments (-$1,862,582)
  • net earnings on investments (-$1,862,582)
  • percentage of active participants (77.0%)
  • diversity of asset types (4.6%)
  • participant loans as a percentage of plan assets (3.08%)
  • total administrative expense ratio (0.040%)
  • total cash as a percentage of plan assets (0.00%)
  • employer securities as a percentage of plan assets (0.00%)
  • growth in total assets during the plan year (-17.0%)
  • yield on beginning-of-plan-year total assets (-17.03%)
  • active participants (154)
  • deceased participants whose beneficiaries receive or are entitled to benefits (0)
  • living participants (200)
  • other retired or separated participants entitled to future benefits (46)
  • retired or separated participants receiving benefits (0)
  • total participants (200)

Global References


Your feedback, please.

King Beverage, Inc. Employees' 401(K) Plan in Spokane, WA has the 6th-lowest total administrative expense ratio (0.040%) among the 69 plans whose industry group is Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers. That 0.040% compares to an average of 0.520% across those 69 plans.
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