Retirement plan

RHINO FOODS, INC. 401(K) PLAN

Name: RHINO FOODS, INC. - RHINO FOODS, INC. 401(K) PLAN (2018) Form 5500
Creator: RHINO FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RHINO FOODS, INC. 401(K) PLAN, RHINO FOODS, INC.

RHINO FOODS, INC.EIN 03-0280666Plan #001PY 2018

179 QUEEN CITY PARK ROAD - BURLINGTON, VT 05401802-861-7953rhinofoods.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.7M

-5.9% from 2017

Total participants

143

+20.2% from 2017

Average account balance

$40,609

-17.2% from 2017

Annual return

-8.44%

-27.13 pp from 2017

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.94M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

182

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Service code 37 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Loan Processing	$42,447
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LL Service code 53 1 NEW YORK PLAZA · NEW YORK, NY 10004	Insurance Commissions	$0
PA RETIREMENT SOLUTIONS, INC.2 years Filed as: RETIREMENT SOLUTIONS, LLC Service code 57 · EIN 14-1905336 162 NO. MAIN STREET · BARRE, VT 05641	Redemption fees; Sub-transfer agency ...	$0

Plan features & details

Pension benefit codes2F2G2J2K3D

Plan features

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.

Opportunity flags

3 tripped

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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BILODEAU WELLS & COMPANY, P.C.
Auditor EIN: 030293317
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,609

$43,504-6.7%

$68,612-40.8%

$56,289-27.9%

Participation rate

78.0%

67.8%+10.2pp

72.2%+5.8pp

69.9%+8.2pp

Annual return

-8.44%

-3.15%-5.3pp

-4.63%-3.8pp

-9.96%+1.5pp

Employer contribution / active EE

$1,283

$1,525-15.9%

$2,625-51.1%

$2,111-39.2%

Participant deferral / active EE

$3,290

$2,509+31.1%

$3,311-0.6%

$3,350-1.8%

Admin fee / account holder

$515-100.0%

$5,131-100.0%

$521-100.0%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 37 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Loan Processing

$42,447

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LL

Service code 53

1 NEW YORK PLAZA · NEW YORK, NY 10004

Insurance Commissions

PA RETIREMENT SOLUTIONS, INC.2 years

Filed as: RETIREMENT SOLUTIONS, LLC

Service code 57 · EIN 14-1905336

162 NO. MAIN STREET · BARRE, VT 05641

Redemption fees; Sub-transfer agency ...

RHINO FOODS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

RHINO FOODS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion