Retirement plan

PELLICANO SPECIALTY FOODS, INC. 401(K) RETIREMENT PLAN

Name: PELLICANO SPECIALTY FOODS, INC. - PELLICANO SPECIALTY FOODS, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: PELLICANO SPECIALTY FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PELLICANO SPECIALTY FOODS, INC. 401(K) RETIREMENT PLAN, PELLICANO SPECIALTY FOODS, INC.

PELLICANO SPECIALTY FOODS, INC.EIN 16-1494833Plan #001PY 2023

211 READING STREET - BUFFALO, NY 142202157716-822-2366pellicanos.comLinkedIn1-10 employeesfood production

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$197K

+47.6% from 2022

Total participants

+27.3% from 2022

Average account balance

$10,918

+39.4% from 2022

Annual return

19.14%

+35.74 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$396K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$390

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$524

$23 / participant

Other / not subdivided$524100.0%

% of EOY assets

0.267%

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

$10,918

$95,580-88.6%

$76,872-85.8%

$139,466-92.2%

Participation rate

56.5%

74.0%-17.4pp

69.6%-13.1pp

80.3%-23.8pp

Annual return

19.14%

55.00%-35.9pp

37.90%-18.8pp

373.66%-354.5pp

Employer contribution / active EE

$3,145-100.0%

$2,533-100.0%

$4,754-100.0%

Participant deferral / active EE

$1,646

$4,623-64.4%

$3,832-57.1%

$6,712-75.5%

Admin fee / account holder

$29

$8,302-99.6%

$5,476-99.5%

$11,409-99.7%

PELLICANO SPECIALTY FOODS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PELLICANO SPECIALTY FOODS, 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