Retirement plan

BLUE RIDGE BREAD, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: BLUE RIDGE BREAD, INC. - BLUE RIDGE BREAD, INC. 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: BLUE RIDGE BREAD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE RIDGE BREAD, INC. 401(K) PROFIT SHARING PLAN & TRUST, BLUE RIDGE BREAD, INC.

BLUE RIDGE BREAD, INC.EIN 20-1753189Plan #001PY 2022

159 CROCKER PARK, BLVD., SUITE 290 - WESTLAKE, OH 441458132330-352-9500blueridgemediacompany.comLinkedIn11-50 employeesmarketing and advertising

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

-17.2% from 2021

Total participants

186

-2.1% from 2021

Average account balance

$42,343

-15.5% from 2021

Annual return

-17.88%

-31.58 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.72%

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

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$8,601
HIGHLAND CONSULTING ASSOCIATES2 years Filed as: HIGHLAND CONSULTING Service code 27 · EIN 34-1753575	Advisory (Plan)	$5,929

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$15K

$83 / participant

Investment mgmt$6K40.8%
Contract admin$9K59.2%

% of EOY assets

0.673%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THORNHILL FINANCIAL LLC
Auditor EIN: 341818419
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,343

$26,549+59.5%

$61,501-31.2%

$66,949-36.8%

Participation rate

23.3%

38.1%-14.8pp

52.6%-29.3pp

69.8%-46.5pp

Annual return

-17.88%

-16.21%-1.7pp

339.04%-356.9pp

1.57%-19.4pp

Employer contribution / active EE

$590

$651-9.5%

$1,160-49.2%

$2,545-76.8%

Participant deferral / active EE

$1,091

$1,338-18.4%

$2,125-48.6%

$4,239-74.3%

Admin fee / account holder

$285

$409-30.3%

$2,132-86.6%

$594-52.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$8,601

HIGHLAND CONSULTING ASSOCIATES2 years

Filed as: HIGHLAND CONSULTING

Service code 27 · EIN 34-1753575

Advisory (Plan)

$5,929

BLUE RIDGE BREAD, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE RIDGE BREAD, INC. 401(K) PROFIT SHARING PLAN & 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