Retirement plan

POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC 401(K) PROFIT SHARING PLAN

Name: POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC - POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC 401(K) PROFIT SHARING PLAN, POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC

POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLCEIN 02-0505665Plan #002PY 2024

31 JACKS BRIDGE ROAD - LONDONDERRY, NH 03053603-263-1607ppcnew.comLinkedIn51-200 employees

Prospect flagsLow returnsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.2M

-10.2% from 2023

Total participants

233

-40.6% from 2023

Average account balance

$42,546

+62.0% from 2023

Annual return

11.02%

-4.80 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.19M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

169

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.

65.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$737K

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

+11.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$17,130
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$13,999
RETIREMENT SOLUTION GROUP2 years Filed as: RETIREMENT SOLUTION GROUP, LLC Service code 13 25 MARKET STREET STE 2B · PORTSMOUTH, NH 03801	Contract Administrator	$3,997
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,088
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 28 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$417

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$137 / participant

Contract admin$25K100.0%

% of EOY assets

0.354%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NATHAN WECHSLER & CO. P.A.
Auditor EIN: 020327524
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,546

$88,203-51.8%

$165,100-74.2%

$74,478-42.9%

Participation rate

65.6%

73.1%-7.5pp

78.6%-13.0pp

67.2%-1.6pp

Annual return

11.02%

17.13%-6.1pp

70.21%-59.2pp

1370.56%-1359.5pp

Employer contribution / active EE

$602

$2,601-76.9%

$4,348-86.2%

$2,626-77.1%

Participant deferral / active EE

$3,362

$4,505-25.4%

$6,035-44.3%

$4,350-22.7%

Admin fee / account holder

$151

$2,235-93.3%

$12,696-98.8%

$1,946-92.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$17,130

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$13,999

RETIREMENT SOLUTION GROUP2 years

Filed as: RETIREMENT SOLUTION GROUP, LLC

Service code 13

25 MARKET STREET STE 2B · PORTSMOUTH, NH 03801

Contract Administrator

$3,997

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,088

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

28 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$417

POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POULTRY PRODUCTS COMPANY OF NEW ENGLAND, LLC 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