Retirement plan

CLASS PRODUCE GROUP, LLC PROFIT SHARING PLAN

Name: CLASS PRODUCE GROUP, LLC - CLASS PRODUCE GROUP, LLC PROFIT SHARING PLAN (2022) Form 5500
Creator: CLASS PRODUCE GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLASS PRODUCE GROUP, LLC PROFIT SHARING PLAN, CLASS PRODUCE GROUP, LLC

CLASS PRODUCE GROUP, LLCEIN 20-1702912Plan #001PY 2022

P. O. BOX 2003, 8477 DORSEY RUN RD. - JESSUP, MD 20794410-799-5700classproduce.comLinkedIn501-1000 employeeswholesale

Prospect flagsLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$43.3M

-15.7% from 2021

Total participants

634

+2.1% from 2021

Average account balance

$88,270

-16.1% from 2021

Annual return

-11.40%

-25.46 pp from 2021

Benchmarks

See 1,338 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,338 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$50.94M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

392

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ROCATON INVESTMENT ADVISORS, LLC1 year Filed as: ROCATON INVESTMENT ADVISORS LLC Service code 28 20 GLOVER AVE · NORWALK, CT 06850	Investment Management	$45,361
T ROWE PRICE RPS INC8+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$9,803
LINDAHL ASSOCIATES PLLC5 years Service code 10 5675 STONE ROAD · CENTREVILLE, VA 20120	Accounting	$5,500
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS INC. Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$75K

$143 / participant

Investment mgmt$47K62.7%
Other / not subdivided$28K37.3%

% of EOY assets

0.175%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KEITH LINDAHL CPA PLLC
Auditor EIN: 208898964
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,270

$71,142+24.1%

$119,609-26.2%

$64,808+36.2%

Participation rate

72.7%

78.6%-5.9pp

79.3%-6.6pp

71.5%+1.2pp

Annual return

-11.40%

-10.01%-1.4pp

-14.97%+3.6pp

32.82%-44.2pp

Employer contribution / active EE

$2,212

$2,497-11.4%

$4,232-47.7%

$2,506-11.7%

Participant deferral / active EE

$2,321

$4,490-48.3%

$5,602-58.6%

$4,310-46.1%

Admin fee / account holder

$154

$162-5.0%

$10,323-98.5%

$188-18.0%

Provider

Service type

Compensation

ROCATON INVESTMENT ADVISORS, LLC1 year

Filed as: ROCATON INVESTMENT ADVISORS LLC

Service code 28

20 GLOVER AVE · NORWALK, CT 06850

Investment Management

$45,361

T ROWE PRICE RPS INC8+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$9,803

LINDAHL ASSOCIATES PLLC5 years

Service code 10

5675 STONE ROAD · CENTREVILLE, VA 20120

Accounting

$5,500

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS INC.

Service code 15

Recordkeeping

CLASS PRODUCE GROUP, LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLASS PRODUCE GROUP, LLC 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