Retirement plan

ADAMS FAIRACRE FARMS, INC. 401K PROFIT SHARING PLAN

Name: ADAMS FAIRACRE FARMS, INC. - ADAMS FAIRACRE FARMS, INC. 401K PROFIT SHARING PLAN (2016) Form 5500
Creator: ADAMS FAIRACRE FARMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADAMS FAIRACRE FARMS, INC. 401K PROFIT SHARING PLAN, ADAMS FAIRACRE FARMS, INC.

ADAMS FAIRACRE FARMS, INC.EIN 14-1489189Plan #001PY 2016

765 DUTCHESS TPKE - POUGHKEEPSIE, NY 126032057845-454-4330adamsfarms.comLinkedIn1001-5000 employeesfood & beverages

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$20.1M

No prior year

Total participants

871

No prior year

Average account balance

$31,734

No prior year

Annual return

-5.15%

No prior year

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.75M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

1,577

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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
BENEFITS PLANS ADMINISTRATIVE SERVI1+ years Service code 13 · EIN 16-1503696 3501 MASONS MILL ROAD, SUITE 505 · HUNTINGDON VALLEY, PA 19006	Contract Administrator	$70,057
LPL FINANCIAL1+ years Service code 27 · EIN 95-2834236 PO BOX 509026 · SAN DIEGO, CA 921509026	Advisory (Plan)	$53,222
GOLDSTEIN GRAGEL LLC1+ years Filed as: GOLDSTEIN, KARLEWICZ & GOLDSTEIN, L Service code 10 · EIN 13-3692922 777 CHESTNUT RIDGE ROAD · CHESTNUT RIDGE, NY 10977	Accounting	$19,958

Plan features & details

Pension benefit codes2E2H2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$123K

$157 / participant

Investment mgmt$43K34.9%
Contract admin$80K65.1%

% of EOY assets

0.613%

all-in expense ratio

Categories reported

2 / 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: GOLDSTEIN,KARLEWICZ & GOLDSTEIN LLP
Auditor EIN: 133692922
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,734

$37,044-14.3%

$71,796-55.8%

$57,658-45.0%

Participation rate

69.8%

61.1%+8.7pp

69.1%+0.7pp

70.2%-0.5pp

Annual return

-5.15%

12.64%-17.8pp

78.04%-83.2pp

5.13%-10.3pp

Employer contribution / active EE

$670

$720-7.0%

$1,924-65.2%

$1,974-66.1%

Participant deferral / active EE

$1,130

$1,974-42.8%

$2,794-59.6%

$3,061-63.1%

Admin fee / account holder

$194

$101+92.7%

$4,815-96.0%

$95+105.7%

Provider

Service type

Compensation

BENEFITS PLANS ADMINISTRATIVE SERVI1+ years

Service code 13 · EIN 16-1503696

3501 MASONS MILL ROAD, SUITE 505 · HUNTINGDON VALLEY, PA 19006

Contract Administrator

$70,057

LPL FINANCIAL1+ years

Service code 27 · EIN 95-2834236

PO BOX 509026 · SAN DIEGO, CA 921509026

Advisory (Plan)

$53,222

GOLDSTEIN GRAGEL LLC1+ years

Filed as: GOLDSTEIN, KARLEWICZ & GOLDSTEIN, L

Service code 10 · EIN 13-3692922

777 CHESTNUT RIDGE ROAD · CHESTNUT RIDGE, NY 10977

Accounting

$19,958

ADAMS FAIRACRE FARMS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADAMS FAIRACRE FARMS, 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