Retirement plan

AMERICAN FROZEN FOODS, INC. SALARY DEFERRAL RETIREMENT PLAN

Name: AMERICAN FROZEN FOODS, INC. - AMERICAN FROZEN FOODS, INC. SALARY DEFERRAL RETIREMENT PLAN (2020) Form 5500
Creator: AMERICAN FROZEN FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN FROZEN FOODS, INC. SALARY DEFERRAL RETIREMENT PLAN, AMERICAN FROZEN FOODS, INC.

AMERICAN FROZEN FOODS, INC.EIN 06-0764758Plan #003PY 2020

125 OLD GATE LANE..... SECOND FLOOR - MILFORD, CT 06460203-882-6200americanfoods.comLinkedIn51-200 employeesfood production

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.2M

+7.9% from 2019

Total participants

-12.5% from 2019

Average account balance

$64,863

+23.7% from 2019

Annual return

13.98%

-3.40 pp from 2019

Benchmarks

See 7,938 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,938 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$317K

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

833.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80331

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 codes2F2G2J2T3D

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.
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.

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$144K

$7216 / participant

Other / not subdivided$144K100.0%

% of EOY assets

6.544%

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

$64,863

$121,701-46.7%

$104,639-38.0%

$158,982-59.2%

Participation rate

25.0%

77.5%-52.5pp

74.1%-49.1pp

82.0%-57.0pp

Annual return

13.98%

465.72%-451.7pp

340.67%-326.7pp

302.99%-289.0pp

Employer contribution / active EE

$3,165-100.0%

$2,682-100.0%

$4,763-100.0%

Participant deferral / active EE

$970

$4,176-76.8%

$3,738-74.0%

$5,983-83.8%

Admin fee / account holder

$4,245

$7,778-45.4%

$6,465-34.4%

$11,252-62.3%

AMERICAN FROZEN FOODS, INC. SALARY DEFERRAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN FROZEN FOODS, INC. SALARY DEFERRAL 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