Retirement plan

RED BARN PRODUCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: RED BARN PRODUCE, INC. - RED BARN PRODUCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: RED BARN PRODUCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED BARN PRODUCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST, RED BARN PRODUCE, INC.

RED BARN PRODUCE, INC.EIN 14-1830834Plan #001PY 2020

P.O. BOX 1542 - HIGHLAND, NY 12528845-691-7428LinkedIn11-50 employeescomputer software

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$741K

+24.6% from 2019

Total participants

0.0% from 2019

Average account balance

$61,720

+35.0% from 2019

Annual return

13.88%

-2.27 pp from 2019

Benchmarks

See 22,200 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,200 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.10M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

35.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$9K

$676 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.278%

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

$61,720

$162,785-62.1%

$133,959-53.9%

$158,950-61.2%

Participation rate

35.7%

83.2%-47.5pp

79.8%-44.1pp

82.0%-46.2pp

Annual return

13.88%

41.94%-28.1pp

45.09%-31.2pp

302.91%-289.0pp

Employer contribution / active EE

$892

$4,975-82.1%

$3,919-77.2%

$4,762-81.3%

Participant deferral / active EE

$4,055

$5,910-31.4%

$5,047-19.7%

$5,983-32.2%

Admin fee / account holder

$789

$11,738-93.3%

$8,928-91.2%

$11,248-93.0%

RED BARN PRODUCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED BARN PRODUCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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