Retirement plan

RED MONKEY FOODS, INC. 401(K) PROFIT SHARING PLAN

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

RED MONKEY FOODS, INC.EIN 20-0038010Plan #001PY 2023

6751 W. KINGS - SPRINGFIELD, MO 65802417-319-7300redmonkeyfoods.coLinkedIn1-10 employeesretail

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$3.4M

+18.9% from 2022

Total participants

360

+7.5% from 2022

Average account balance

$12,720

+18.9% from 2022

Annual return

16.41%

+34.65 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.22M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

181

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.

71.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$701K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 3 by compensation

Provider	Service type	Compensation
EDWARD JONES4 years Service code 17 1524 E. PRIMROSE · SPRINGFIELD, MO 65804	Pension Consulting	$15,358
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 10 · EIN 85-0833363	Accounting	$11,928
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 15 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping	$4,766

Plan features & details

Pension benefit codes2G2J2K2T3D2F

Plan features

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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$23K

$97 / participant

Investment mgmt$23K100.0%

% of EOY assets

0.662%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,720

$56,438-77.5%

$76,902-83.5%

$71,529-82.2%

Participation rate

61.5%

64.3%-2.8pp

69.6%-8.1pp

67.9%-6.4pp

Annual return

16.41%

19.05%-2.6pp

37.91%-21.5pp

28.97%-12.6pp

Employer contribution / active EE

$1,365

$1,864-26.7%

$2,534-46.1%

$2,590-47.3%

Participant deferral / active EE

$1,951

$3,136-37.8%

$3,833-49.1%

$4,291-54.5%

Admin fee / account holder

$84

$1,430-94.1%

$5,479-98.5%

$1,588-94.7%

Provider

Service type

Compensation

EDWARD JONES4 years

Service code 17

1524 E. PRIMROSE · SPRINGFIELD, MO 65804

Pension Consulting

$15,358

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 10 · EIN 85-0833363

Accounting

$11,928

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 15

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping

$4,766

RED MONKEY FOODS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED MONKEY FOODS, INC. 401(K) 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