Retirement plan

CHEX FINER FOODS, INC. EMPLOYEES RETIREMENT PLAN

Name: CHEX FINER FOODS, INC - CHEX FINER FOODS, INC. EMPLOYEES RETIREMENT PLAN (2019) Form 5500
Creator: CHEX FINER FOODS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHEX FINER FOODS, INC. EMPLOYEES RETIREMENT PLAN, CHEX FINER FOODS, INC

CHEX FINER FOODS, INCEIN 04-2386692Plan #002PY 2019

71 HAMPDEN ROAD - MANSFIELD, MA 027034625800-227-8114chexfoods.comLinkedIn51-200 employeeswholesale

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.7M

-4.4% from 2018

Total participants

+11.4% from 2018

Average account balance

$51,809

-12.4% from 2018

Annual return

4.73%

-37.20 pp from 2018

Benchmarks

See 9,236 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,236 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.15M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

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.

81.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$666K

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

+12.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18021

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$781K

$9887 / participant

Other / not subdivided$781K100.0%

% of EOY assets

20.938%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,809

$83,485-37.9%

$125,195-58.6%

$72,976-29.0%

Participation rate

79.7%

73.3%+6.4pp

79.8%0pp

69.5%+10.3pp

Annual return

4.73%

25.77%-21.0pp

43.79%-39.1pp

81.02%-76.3pp

Employer contribution / active EE

$2,098

$2,346-10.5%

$3,866-45.7%

$2,440-14.0%

Participant deferral / active EE

$3,261

$3,586-9.1%

$4,937-34.0%

$3,608-9.6%

Admin fee / account holder

$10,848

$5,518+96.6%

$9,704+11.8%

$5,124+111.7%

CHEX FINER FOODS, INC. EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHEX FINER FOODS, INC. EMPLOYEES RETIREMENT 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