Retirement plan

KRASDALE FOODS, INC. PROFIT SHARING/401K PLAN AND TRUST

Name: KRASDALE FOODS, INC. - KRASDALE FOODS, INC. PROFIT SHARING/401K PLAN AND TRUST (2023) Form 5500
Creator: KRASDALE FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRASDALE FOODS, INC. PROFIT SHARING/401K PLAN AND TRUST, KRASDALE FOODS, INC.

KRASDALE FOODS, INC.EIN 13-1715975Plan #001PY 2023

65 W RED OAK LN - WHITE PLAINS, NY 106043616914-694-6400krasdalefoods.comLinkedIn201-500 employeeswholesale

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$84.4M

+5.9% from 2022

Total participants

510

-6.9% from 2022

Average account balance

$177,692

+14.8% from 2022

Annual return

13.85%

+25.08 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$90.06M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

472

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 4 by compensation

Provider	Service type	Compensation
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN & COMPANY LLP Service code 10 · EIN 22-2428965	Accounting	$19,000
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 27 · EIN 71-0294708	Advisory (Plan)	$16,245
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 20-8764829	Advisory (Plan)	$12,500
MORNINGSTAR9+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$9,750

Plan features & details

Pension benefit codes2E2F2G2J2K2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$89 / participant

Recordkeeping$7K25.7%
Other / not subdivided$19K74.3%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY LLP
Auditor EIN: 222428965
Audit fees: $19,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,692

$91,372+94.5%

$130,045+36.6%

$74,460+138.6%

Participation rate

87.8%

77.8%+10.1pp

78.5%+9.3pp

70.7%+17.1pp

Annual return

13.85%

23.21%-9.4pp

-137.30%+151.2pp

34.38%-20.5pp

Employer contribution / active EE

$4,557

$2,563+77.8%

$4,321+5.4%

$2,638+72.7%

Participant deferral / active EE

$9,384

$4,721+98.8%

$5,820+61.2%

$4,530+107.1%

Admin fee / account holder

$54

$283-81.0%

$10,600-99.5%

$348-84.5%

Provider

Service type

Compensation

CITRIN COOPERMAN1 year

Filed as: CITRIN COOPERMAN & COMPANY LLP

Service code 10 · EIN 22-2428965

Accounting

$19,000

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 27 · EIN 71-0294708

Advisory (Plan)

$16,245

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 20-8764829

Advisory (Plan)

$12,500

MORNINGSTAR9+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$9,750

KRASDALE FOODS, INC. PROFIT SHARING/401K PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KRASDALE FOODS, INC. PROFIT SHARING/401K PLAN AND TRUST

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