Retirement plan

SIMPLY GOOD FOODS USA, INC. 401K PROFIT SHARING PLAN

Name: SIMPLY GOOD FOODS USA, INC. - SIMPLY GOOD FOODS USA, INC. 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: SIMPLY GOOD FOODS USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMPLY GOOD FOODS USA, INC. 401K PROFIT SHARING PLAN, SIMPLY GOOD FOODS USA, INC.

SIMPLY GOOD FOODS USA, INC.EIN 13-3587994Plan #001PY 2020

1225 17TH STREET, SUITE 1000 - DENVER, CO 80202303-633-2842

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$25.3M

+57.7% from 2019

Total participants

317

+78.1% from 2019

Average account balance

$88,421

-11.8% from 2019

Annual return

39.73%

+16.86 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.87M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

328

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$447

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$58,799
LOCKTON INVESTMENT ADVISORS, LLC4 years Filed as: LOCKTON INVESTEMENT ADVISORS Service code 27 · EIN 20-8874282 1295 STATE STREET · SPRINGFIELD, MA 01111	Advisory (Plan)	$0
EPIC RETIREMENT PLAN SERVICES6+ years Filed as: UNITED RETIREMENT PLAN CONSULTANTS Service code 13 · EIN 25-1759623 545 METRO PLACE SOUTH · DUBLIN, OH 43017	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$59K

$243 / participant

Investment mgmt$59K100.0%

% of EOY assets

0.233%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GETTRY MARCUS CPA, P.C.
Auditor EIN: 133418879
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,421

$81,474+8.5%

$133,971-34.0%

$73,493+20.3%

Participation rate

87.2%

76.4%+10.8pp

79.8%+7.4pp

70.7%+16.5pp

Annual return

39.73%

19.40%+20.3pp

45.09%-5.4pp

28.51%+11.2pp

Employer contribution / active EE

$5,625

$2,209+154.6%

$3,919+43.5%

$2,270+147.8%

Participant deferral / active EE

$12,315

$3,786+225.2%

$5,047+144.0%

$3,740+229.3%

Admin fee / account holder

$206

$713-71.2%

$8,929-97.7%

$513-59.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

$58,799

LOCKTON INVESTMENT ADVISORS, LLC4 years

Filed as: LOCKTON INVESTEMENT ADVISORS

Service code 27 · EIN 20-8874282

1295 STATE STREET · SPRINGFIELD, MA 01111

Advisory (Plan)

EPIC RETIREMENT PLAN SERVICES6+ years

Filed as: UNITED RETIREMENT PLAN CONSULTANTS

Service code 13 · EIN 25-1759623

545 METRO PLACE SOUTH · DUBLIN, OH 43017

Contract Administrator

SIMPLY GOOD FOODS USA, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMPLY GOOD FOODS USA, INC. 401K PROFIT SHARING 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