Retirement plan

MAPLEVALE FARMS, INC. 401(K) RETIREMENT PLAN

Name: MAPLEVALE FARMS, INC. - MAPLEVALE FARMS, INC. 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: MAPLEVALE FARMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAPLEVALE FARMS, INC. 401(K) RETIREMENT PLAN, MAPLEVALE FARMS, INC.

MAPLEVALE FARMS, INC.EIN 16-0960649Plan #001PY 2019

2063 EAST ALLEN ST. EXTENSION - FALCONER, NY 14733716-355-4114maplevalefarms.comLinkedIn51-200 employeesfood & beverages

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.3M

+18.3% from 2018

Total participants

221

+1.4% from 2018

Average account balance

$83,877

+17.7% from 2018

Annual return

21.86%

+27.41 pp from 2018

Benchmarks

See 899 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort899 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.00M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

216

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3 years Filed as: LPL FINANCIAL CORPORATION Service code 53	Insurance Commissions	$29,284
EPIC RETIREMENT PLAN SERVICES3 years Filed as: CAPITAL RETIREMENT PLAN SERVCIES Service code 13	Contract Administrator	$7,000
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 011110001	Indirect Investment Fees	$5,648
AMERICAN FUNDS2 years Filed as: CAPITAL RETIREMENT SERVICES, INC. Service code 13 · EIN 25-1802421 4000 TOWN CENTER BLVD., SUITE 250 · CANONSBURG, PA 15317	Contract Administrator	$0
LPL FINANCIAL3 years Service code 53 · EIN 95-2834236 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

$6K

$35 / participant

Contract admin$6K100.0%

% of EOY assets

0.031%

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: KERSEY & ASSOCIATES, P.C.
Auditor EIN: 251874952
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,877

$31,679+164.8%

$74,722+12.3%

$65,185+28.7%

Participation rate

98.2%

40.4%+57.8pp

54.5%+43.7pp

70.2%+28.0pp

Annual return

21.86%

39.04%-17.2pp

753.11%-731.3pp

29.38%-7.5pp

Employer contribution / active EE

$3,639

$566+542.9%

$1,084+235.6%

$2,177+67.2%

Participant deferral / active EE

$3,721

$1,191+212.4%

$1,963+89.5%

$3,514+5.9%

Admin fee / account holder

$26

$379-93.2%

$3,335-99.2%

$847-96.9%

Provider

Service type

Compensation

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL CORPORATION

Service code 53

Insurance Commissions

$29,284

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: CAPITAL RETIREMENT PLAN SERVCIES

Service code 13

Contract Administrator

$7,000

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 011110001

Indirect Investment Fees

$5,648

AMERICAN FUNDS2 years

Filed as: CAPITAL RETIREMENT SERVICES, INC.

Service code 13 · EIN 25-1802421

4000 TOWN CENTER BLVD., SUITE 250 · CANONSBURG, PA 15317

Contract Administrator

LPL FINANCIAL3 years

Service code 53 · EIN 95-2834236

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Insurance Commissions

MAPLEVALE FARMS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAPLEVALE FARMS, INC. 401(K) RETIREMENT 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