Retirement plan

BOARS HEAD PROVISION CO., INC. BARGAINING UNIT-VA 401(K) PLAN

Name: BOARS HEAD PROVISION CO., INC. - BOARS HEAD PROVISION CO., INC. BARGAINING UNIT-VA 401(K) PLAN (2022) Form 5500
Creator: BOARS HEAD PROVISION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOARS HEAD PROVISION CO., INC. BARGAINING UNIT-VA 401(K) PLAN, BOARS HEAD PROVISION CO., INC.

BOARS HEAD PROVISION CO., INC.EIN 11-0548870Plan #011PY 2022

1819 MAIN STREET, SUITE 800 - SARASOTA, FL 34236941-955-0994

Other plans on this EIN

1 filing

#004Retirement-$138.9M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$5.2M

-5.5% from 2021

Total participants

1,693

+37.2% from 2021

Average account balance

$3,293

-34.8% from 2021

Annual return

-13.00%

-25.51 pp from 2021

Benchmarks

See 736 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.76M

Not enough data

1 years with asset history on file

Average account balance

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

$3K

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.

1,549

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.

74.7%

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

$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

+12.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
TRITON SERVICES CORPORATION8+ years Service code 15 · EIN 11-3187413 4114 LEGATO ROAD · FAIRFAX, VA 22033	Recordkeeping	$54,005
NATIONWIDE8+ years Service code 13 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$6,629

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow participant contribution
Participant 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.

Expense breakdown

Schedule H Part II

Admin total

$59K

$80 / participant

Contract admin$59K100.0%

% of EOY assets

1.128%

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: PRICEWATERHOUSECOOPERS, LLC
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,293

$56,503-94.2%

$70,092-95.3%

$64,808-94.9%

Participation rate

86.6%

70.5%+16.1pp

71.5%+15.1pp

Annual return

-13.00%

-13.44%+0.4pp

190.73%-203.7pp

32.82%-45.8pp

Employer contribution / active EE

$801

$2,046-60.9%

$2,559-68.7%

$2,506-68.0%

Participant deferral / active EE

$758

$3,389-77.6%

$3,849-80.3%

$4,310-82.4%

Admin fee / account holder

$37

$160-76.8%

$6,267-99.4%

$188-80.2%

Provider

Service type

Compensation

TRITON SERVICES CORPORATION8+ years

Service code 15 · EIN 11-3187413

4114 LEGATO ROAD · FAIRFAX, VA 22033

Recordkeeping

$54,005

NATIONWIDE8+ years

Service code 13 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$6,629

BOARS HEAD PROVISION CO., INC. BARGAINING UNIT-VA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOARS HEAD PROVISION CO., INC. BARGAINING UNIT-VA 401(K) 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