Retirement plan

ADAMS FAIRACRE FARMS, INC. 401(K) PLAN

Name: ADAMS FAIRACRE FARMS, INC. - ADAMS FAIRACRE FARMS, INC. 401(K) PLAN (2017) Form 5500
Creator: ADAMS FAIRACRE FARMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADAMS FAIRACRE FARMS, INC. 401(K) PLAN, ADAMS FAIRACRE FARMS, INC.

ADAMS FAIRACRE FARMS, INC.EIN 14-1489189Plan #001PY 2017

765 DUTCHESS TURNPIKE - POUGHKEEPSIE, NY 12603845-454-4330adamsfarms.comLinkedIn1001-5000 employeesfood & beverages

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$25.9M

+28.7% from 2016

Total participants

1,082

+24.2% from 2016

Average account balance

$39,593

+24.8% from 2016

Annual return

14.56%

+19.71 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2017

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$31,527
GKG CPAS1 year Service code 10 · EIN 13-3692922	Accounting	$19,958
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
EATON VANCE1 year Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-2466841	Indirect Investment Fees	$0
FIRST EAGLE1 year Service code 52 · EIN 13-3392291	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 52 · EIN 04-3279774	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-3955887	Indirect Investment Fees	$0
PIMCO FUNDS1 year Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
PIONEER1 year Service code 52 · EIN 03-0460956	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$120K

$115 / participant

Investment mgmt$76K63.9%
Contract admin$5K4.0%
Other / not subdivided$38K32.1%

% of EOY assets

0.462%

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: GKG CERTIFIED PULBIC ACCOUNTANTS
Auditor EIN: 133692922
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,593

$38,833+2.0%

$78,778-49.7%

$77,958-49.2%

Participation rate

58.9%

60.9%-2.1pp

69.2%-10.3pp

71.6%-12.8pp

Annual return

14.56%

20.31%-5.7pp

35.62%-21.1pp

20.87%-6.3pp

Employer contribution / active EE

$356

$840-57.6%

$1,986-82.1%

$2,310-84.6%

Participant deferral / active EE

$952

$1,776-46.4%

$2,958-67.8%

$3,537-73.1%

Admin fee / account holder

$183

$89+105.5%

$5,134-96.4%

$97+87.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$31,527

GKG CPAS1 year

Service code 10 · EIN 13-3692922

Accounting

$19,958

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

EATON VANCE1 year

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-2466841

Indirect Investment Fees

FIRST EAGLE1 year

Service code 52 · EIN 13-3392291

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-3279774

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-3955887

Indirect Investment Fees

PIMCO FUNDS1 year

Service code 52 · EIN 95-2632339

Indirect Investment Fees

PIONEER1 year

Service code 52 · EIN 03-0460956

Indirect Investment Fees

ADAMS FAIRACRE FARMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADAMS FAIRACRE FARMS, INC. 401(K) 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