Retirement plan

GOLD MEDAL BAKERY, INC. EMPLOYEES SUPPLEMENTAL INCOME PLAN

Name: GOLD MEDAL BAKERY, INC. - GOLD MEDAL BAKERY, INC. EMPLOYEES SUPPLEMENTAL INCOME PLAN (2023) Form 5500
Creator: GOLD MEDAL BAKERY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLD MEDAL BAKERY, INC. EMPLOYEES SUPPLEMENTAL INCOME PLAN, GOLD MEDAL BAKERY, INC.

GOLD MEDAL BAKERY, INC.EIN 04-2074311Plan #003PY 2023

21 PENN STREET - FALL RIVER, MA 02724508-674-5766goldmedalbakery.comLinkedIn201-500 employeesfood production

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$61.5M

+15.5% from 2022

Total participants

763

+7.9% from 2022

Average account balance

$83,968

+8.5% from 2022

Annual return

20.68%

+38.93 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$71.25M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

757

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 5 by compensation

Provider	Service type	Compensation
DIMEO SCHNEIDER & ASSOCIATES LLC4 years Filed as: DIMEO SCHNEIDER AND ASSOCIATES Service code 17 · EIN 36-4001764	Pension Consulting	$35,000
THE ANGELL PENSION GROUP, INC.3 years Service code 16 · EIN 04-2530412	Consulting	$16,831
WOLF & COMPANY, P.C.3 years Service code 10 · EIN 04-2689883	Accounting	$16,500
STRATEGIC ADVISORS, INC.5 years Filed as: STRATEGIC ADVISORS, INC Service code 27 · EIN 04-2654524	Advisory (Plan)	$9,060
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INVEST INSTITUTIONAL OP CO Service code 60 · EIN 04-2647786	Sub-TA Fees	-$64,183

Plan features & details

Pension benefit codes2E2G2J2K3D3H2F2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$13K

$23 / participant

Investment mgmt$9K71.5%
Other / not subdivided$4K28.5%

% of EOY assets

0.021%

all-in expense ratio

Categories reported

1 / 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: WOLF & COMPANY, P.C.
Auditor EIN: 042689883
Audit fees: $16,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,968

$69,823+20.3%

$77,163+8.8%

$74,419+12.8%

Participation rate

94.6%

70.0%+24.5pp

69.6%+25.0pp

70.7%+23.8pp

Annual return

20.68%

19.98%+0.7pp

37.87%-17.2pp

34.38%-13.7pp

Employer contribution / active EE

$2,167

$2,150+0.8%

$2,535-14.5%

$2,637-17.8%

Participant deferral / active EE

$5,183

$3,558+45.7%

$3,833+35.2%

$4,528+14.5%

Admin fee / account holder

$17

$398-95.7%

$5,472-99.7%

$348-95.0%

Provider

Service type

Compensation

DIMEO SCHNEIDER & ASSOCIATES LLC4 years

Filed as: DIMEO SCHNEIDER AND ASSOCIATES

Service code 17 · EIN 36-4001764

Pension Consulting

$35,000

THE ANGELL PENSION GROUP, INC.3 years

Service code 16 · EIN 04-2530412

Consulting

$16,831

WOLF & COMPANY, P.C.3 years

Service code 10 · EIN 04-2689883

Accounting

$16,500

STRATEGIC ADVISORS, INC.5 years

Filed as: STRATEGIC ADVISORS, INC

Service code 27 · EIN 04-2654524

Advisory (Plan)

$9,060

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INVEST INSTITUTIONAL OP CO

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$64,183

GOLD MEDAL BAKERY, INC. EMPLOYEES SUPPLEMENTAL INCOME PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLD MEDAL BAKERY, INC. EMPLOYEES SUPPLEMENTAL INCOME 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