Retirement plan

HIGH LINER FOODS (USA) 401(K) SAVINGS PLAN

Name: HIGH LINER FOODS (USA), INCORPORATED - HIGH LINER FOODS (USA) 401(K) SAVINGS PLAN (2024) Form 5500
Creator: HIGH LINER FOODS (USA), INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH LINER FOODS (USA) 401(K) SAVINGS PLAN, HIGH LINER FOODS (USA), INCORPORATED

HIGH LINER FOODS (USA), INCORPORATEDEIN 01-0246085Plan #002PY 2024

183 INTERNATIONAL DRIVE - PORTSMOUTH, NH 03801905-565-9044

Prospect flagsLow returnsLow participationFailed to transmit contributions

Top hat statement on fileNQDC

Filed September 25, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$71.7M

+0.5% from 2023

Total participants

874

-2.6% from 2023

Average account balance

$117,767

+7.1% from 2023

Annual return

10.24%

-1.51 pp from 2023

Benchmarks

See 745 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort745 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$71.72M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

609

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.

59.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$180

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 4 by compensation

Provider	Service type	Compensation
MAYFLOWER FINANCIAL ADVISORS, LLC1 year Filed as: MAYFLOWER FINANCIAL ADVISORS LLC Service code 27 265 FRANKLIN ST STE 401 · BOSTON, MA 02110	Advisory (Plan)	$50,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$46,909
CARON & BLETZER, PLLC1 year Filed as: CARON & BLETZER PLLC Service code 99 1 LIBRARY LANE · KINGSTON, NH 03848	Other Fees	$13,800
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$287

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F3H

Plan features

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$110K

$168 / participant

Recordkeeping$38K34.8%
Investment mgmt$13K11.7%
Contract admin$9K8.0%
Other / not subdivided$50K45.5%

% of EOY assets

0.153%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,767

$66,457+77.2%

$81,382+44.7%

$77,643+51.7%

Participation rate

59.4%

68.7%-9.4pp

69.5%-10.1pp

70.6%-11.2pp

Annual return

10.24%

15.93%-5.7pp

24.73%-14.5pp

31.24%-21.0pp

Employer contribution / active EE

$1,795

$2,159-16.9%

$2,463-27.1%

$2,726-34.1%

Participant deferral / active EE

$4,297

$3,679+16.8%

$3,883+10.6%

$4,647-7.5%

Admin fee / account holder

$180

$583-69.1%

$5,768-96.9%

$430-58.2%

Provider

Service type

Compensation

MAYFLOWER FINANCIAL ADVISORS, LLC1 year

Filed as: MAYFLOWER FINANCIAL ADVISORS LLC

Service code 27

265 FRANKLIN ST STE 401 · BOSTON, MA 02110

Advisory (Plan)

$50,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 13

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$46,909

CARON & BLETZER, PLLC1 year

Filed as: CARON & BLETZER PLLC

Service code 99

1 LIBRARY LANE · KINGSTON, NH 03848

Other Fees

$13,800

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$287

HIGH LINER FOODS (USA) 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH LINER FOODS (USA) 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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