Massachusetts › Wholesale trade › 250 to 499 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
Southern Glazer's Wine and Spirits of Massachusetts, LLC Employees' Trust
Sponsored by Southern Glazer's Wine and Spirits of Massachusetts, LLC, Norton, MA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Southern Glazer's Wine and Spirits of Massachusetts, LLC of Norton, Massachusetts sponsors Southern Glazer's Wine and Spirits of Massachusetts, LLC Employees' Trust, a 401(k) plan. Its Form 5500 for the plan year ending 31 Oct 2025 shows 258 participants (208 active) and $69.9M in net assets.
Net assets came to $271,029 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $65,557 median for defined contribution plans in wholesale trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $1.4M during the year, or $6,950 per active participant against a same-size median of $2,017; participants contributed $1.8M and $174K arrived as rollovers and other contributions. Benefits paid out totalled $5.1M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $222K: $862 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $212K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $19.4M in 2009 to $69.9M in 2024 (up 260%), and participants from 215 to 258 (up 20%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $271,029 | $48,746 | $65,557 | $53,102 |
| Employer contributions per active participant | $6,950 | $2,017 | $2,107 | $2,175 |
| Schedule C compensation per participant | $862 | $141 | $153 | $123 |
| Schedule C compensation, share of net assets | 0.32% | 0.30% | 0.27% | 0.26% |
| Administrative expenses per participant | $820 | $133 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), wholesale trade (3,526) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 258 | $69.9M | $271,027 | $1.4M | $1.8M | $222K |
| 2023 | 265 | $62.5M | $235,936 | $1.4M | $1.7M | $195K |
| 2022 | 255 | $49.9M | $195,784 | $1.3M | $1.6M | $178K |
| 2021 | 431 | $48.2M | $111,763 | $1.2M | $1.5M | $207K |
| 2020 | 245 | $61.3M | $250,184 | $1.2M | $1.4M | $192K |
| 2019 | 250 | $49.9M | $199,516 | $590K | $1.4M | $213K |
| 2018 | 264 | $46.8M | $177,360 | $586K | $1.3M | $197K |
| 2017 | 261 | $41.1M | $157,617 | $1.2M | $1.2M | $65K |
| 2016 | 248 | $40.4M | $162,819 | $1.1M | $1.2M | $42K |
| 2015 | 241 | $32.5M | $134,834 | $1.1M | $1.1M | $30K |
| 2014 | 248 | $31.4M | $126,456 | $982K | $1.0M | $3,000 |
| 2013 | 248 | $30.7M | $123,875 | $2.0M | $960K | $53K |
| 2012 | 271 | $27.8M | $102,502 | $1.2M | $972K | $399K |
| 2011 | 268 | $22.2M | $82,858 | — | $936K | $234K |
| 2010 | 243 | $20.5M | $84,461 | $1.2M | $843K | $313K |
| 2009 | 215 | $19.4M | $90,456 | $1.1M | $766K | $232K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$62,523,121
- Employer contributions$1,445,669
- Participant contributions$1,798,723
- Rollovers and other contributions$173,907
- Total contributions$3,418,299
- Total income, including investment results$12,686,396
- Benefits paid$5,072,544
- Administrative expenses$211,564
- Total expenses$5,284,108
- Net income$7,402,288
- Net transfers$0
- Net assets, end of year$69,925,409
Participants
- Active participants208
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits50
- Participants with account balances237
- Total participants, end of year258
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company | Recordkeeping fees | $154,731 | $0 |
| World Investment Advisors LLC | Investment advisory (plan) | $28,262 | $0 |
| Raphael and Raphael, LLP | Accounting (including auditing) | $22,250 | $0 |
| The Angell Pension Group Inc. | Contract Administrator | $17,244 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$211,564
- Total administrative expenses$211,564
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$48.8M · 69.8%
- Pooled separate accounts$10.3M · 14.7%
- Insurance company general account$8.9M · 12.7%
- Receivables$1.5M · 2.1%
- Participant loans$489K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRaphael & Raphael LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 425120: Wholesale Trade Agents & Brokers.
Other plans of Southern Glazer's Wine and Spirits of Massachusetts, LLC
| Plan | Participants | Net assets |
|---|---|---|
| Southern Glazer's Wine and Spirits of Massachusetts, LLC 401(k) Retirement Plan | 154 | $22.2M |
Similar plans in Massachusetts
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Greenlight Biosciences Inc. 401(k) Retirement Plan | Greenlight Biosciences Inc. | 259 | $14.1M | $54,488 |
| Norfolk Companies 401(k) Plan | The Norfolk Companies, Inc. | 249 | $13.9M | $55,637 |
| American Florist Supply, Inc. 401(k) Profit Sharing Plan & Tru | American Florist Supply, Inc. | 264 | $8.6M | $32,686 |
| Kraft Power Corporation 401(k) Profit Sharing Plan | Kraft Power Corporation | 245 | $26.9M | $109,797 |
| Employees' Profit Sharing Plan and Trust of Boch Enterprises | Boch Enterprises | 278 | $49.1M | $176,795 |
| Pacific Packaging Products 401(k) Profit Sharing Plan | Pacific Packaging Products, Inc. | 240 | $47.6M | $198,533 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Southern Glazer's Wine and Spirits of Massachusetts, LLC Employees' Trust?
258 participants at the end of the plan year ending 31 Oct 2025, of whom 208 were active employees, with net assets of $69,925,409. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Southern Glazer's Wine and Spirits of Massachusetts, LLC contribute per participant?
The filing reports $1,445,669 in employer contributions for the year, which is $6,950 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $222,487 in compensation to service provider organisations, $862 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $211,564. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Southern Glazer's Wine and Spirits of Massachusetts, LLC. Recordkeeping or administration: Empower Annuity Insurance Company and The Angell Pension Group Inc.. Investment advisory or management: World Investment Advisors LLC. The financial statements were audited by Raphael & Raphael LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 7 Aug 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 04-1123650, plan 001, received 7 Aug 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.