Retirement plan

CIBAO MEAT PRODUCTS INC. 401K PLAN

Name: CIBAO MEAT PRODUCTS INC. - CIBAO MEAT PRODUCTS INC. 401K PLAN (2021) 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 2021

92 GREEN POND ROAD - ROCKAWAY, NJ 07866718-993-5072cibaomeat.comLinkedIn51-200 employeesfood production

Other plans on this EIN

1 filing

#001Retirement-$1.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+8.3% from 2020

Total participants

+24.4% from 2020

Average account balance

$19,209

-13.2% from 2020

Annual return

11.11%

+0.38 pp from 2020

Benchmarks

See 2,400 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,400 peers

Snapshot2021

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

$258K

$4099 / participant

Other / not subdivided$258K100.0%

% of EOY assets

14.005%

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

$19,209

$68,681-72.0%

$86,625-77.8%

$85,851-77.6%

Participation rate

98.4%

66.4%+32.1pp

71.6%+26.8pp

69.3%+29.1pp

Annual return

11.11%

20.12%-9.0pp

63.52%-52.4pp

318.63%-307.5pp

Employer contribution / active EE

$2,105

$1,880+11.9%

$2,496-15.7%

$2,565-17.9%

Participant deferral / active EE

$1,110

$2,919-62.0%

$3,700-70.0%

$3,952-71.9%

Admin fee / account holder

$2,690

$5,974-55.0%

$5,830-53.9%

$6,261-57.0%

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