Retirement plan

CIBAO MEAT PRODUCTS INC. 401K PLAN

Name: CIBAO MEAT PRODUCTS INC. - CIBAO MEAT PRODUCTS INC. 401K PLAN (2018) Form 5500
Creator: CIBAO MEAT PRODUCTS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIBAO MEAT PRODUCTS INC. 401K PLAN, CIBAO MEAT PRODUCTS INC.

CIBAO MEAT PRODUCTS INC.EIN 13-3049795Plan #002PY 2018

630 SAINT ANNE'S AVENUE - BRONX, NY 10455718-993-5072cibaomeat.comLinkedIn51-200 employeesfood production

Other plans on this EIN

1 filing

#001Retirement-$952K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

-6.0% from 2017

Total participants

+21.7% from 2017

Average account balance

$18,404

-23.1% from 2017

Annual return

-5.63%

-17.69 pp from 2017

Benchmarks

See 2,389 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,389 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.20M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$211K

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

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3379

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 codes2E2J2R3D

Plan features

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

1 tripped

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

$181K

$4534 / participant

Other / not subdivided$181K100.0%

% of EOY assets

17.919%

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

$18,404

$54,162-66.0%

$68,612-73.2%

$64,173-71.3%

Participation rate

97.5%

68.1%+29.4pp

72.2%+25.3pp

69.6%+27.9pp

Annual return

-5.63%

-1.62%-4.0pp

-4.63%-1.0pp

7.63%-13.3pp

Employer contribution / active EE

$1,943

$1,846+5.3%

$2,625-26.0%

$2,381-18.4%

Participant deferral / active EE

$2,473

$2,626-5.8%

$3,311-25.3%

$3,470-28.7%

Admin fee / account holder

$3,298

$4,029-18.1%

$5,131-35.7%

$4,887-32.5%

CIBAO MEAT PRODUCTS INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIBAO MEAT PRODUCTS INC. 401K 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