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 (2022) 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 2022

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

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.7M

-13.6% from 2021

Total participants

378

+11.8% from 2021

Average account balance

$21,241

-18.8% from 2021

Annual return

-16.28%

-29.03 pp from 2021

Benchmarks

See 2,289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,289 peers

Snapshot2022

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Service code 28 · EIN 13-2638166	Investment Management	$16,819
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE RI, RI 02914	Contract Administrator	$12,233
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASS MUTUAL RETIREMENT SERVICES LLC Service code 15	Recordkeeping	$0
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES INC. Service code 71 · EIN 13-2638166	Brokerage Fees	$0

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$8K

$34 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.117%

all-in expense ratio

Categories reported

0 / 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

$21,241

$86,692-75.5%

$119,634-82.2%

$66,949-68.3%

Participation rate

73.8%

75.6%-1.8pp

79.3%-5.4pp

69.8%+4.0pp

Annual return

-16.28%

-8.00%-8.3pp

-14.98%-1.3pp

1.57%-17.8pp

Employer contribution / active EE

$490

$2,536-80.7%

$4,232-88.4%

$2,545-80.7%

Participant deferral / active EE

$2,903

$4,360-33.4%

$5,601-48.2%

$4,239-31.5%

Admin fee / account holder

$25

$755-96.7%

$10,329-99.8%

$594-95.8%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Service code 28 · EIN 13-2638166

Investment Management

$16,819

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE RI, RI 02914

Contract Administrator

$12,233

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASS MUTUAL RETIREMENT SERVICES LLC

Service code 15

Recordkeeping

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 71 · EIN 13-2638166

Brokerage Fees

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