Retirement plan

MASCHIO'S FOOD SERVICES, INC. 401(K) PLAN

Name: MASCHIO'S FOOD SERVICES, INC. - MASCHIO'S FOOD SERVICES, INC. 401(K) PLAN (2018) Form 5500
Creator: MASCHIO'S FOOD SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASCHIO'S FOOD SERVICES, INC. 401(K) PLAN, MASCHIO'S FOOD SERVICES, INC.

MASCHIO'S FOOD SERVICES, INC.EIN 22-3188950Plan #001PY 2018

525 E. MAIN STREET - CHESTER, NJ 07930973-598-0005maschiofood.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2M

+1.8% from 2017

Total participants

727

+11.7% from 2017

Average account balance

$21,050

-1.4% from 2017

Annual return

-5.85%

-24.83 pp from 2017

Benchmarks

See 746 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort746 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.77M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

161

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.

14.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$413K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$424

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$12,185
CHADLER INVESTMENT ADVISORY SOLUTIO2 years Filed as: CHADLER INVESTMENT ADVISORY SLTIONS Service code 15 · EIN 46-1028567 100 PASSAIC AVE · FAIRFILED, NJ 07004	Recordkeeping	$5,303
PREFERRED PENSION PLANNING4+ years Service code 15 · EIN 22-3200158 991 ROUTE 22 WEST · BRIDGEWATER, NJ 088072956	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

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: SAX LLP
Auditor EIN: 812950760
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,050

$23,224-9.4%

$71,089-70.4%

$55,725-62.2%

Participation rate

11.5%

37.9%-26.4pp

54.6%-43.1pp

70.9%-59.4pp

Annual return

-5.85%

-2.87%-3.0pp

650.65%-656.5pp

244.93%-250.8pp

Employer contribution / active EE

$20

$436-95.5%

$1,088-98.2%

$2,078-99.1%

Participant deferral / active EE

$381

$929-59.0%

$1,873-79.7%

$3,356-88.7%

Admin fee / account holder

$118-100.0%

$3,082-100.0%

$115-100.0%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$12,185

CHADLER INVESTMENT ADVISORY SOLUTIO2 years

Filed as: CHADLER INVESTMENT ADVISORY SLTIONS

Service code 15 · EIN 46-1028567

100 PASSAIC AVE · FAIRFILED, NJ 07004

Recordkeeping

$5,303

PREFERRED PENSION PLANNING4+ years

Service code 15 · EIN 22-3200158

991 ROUTE 22 WEST · BRIDGEWATER, NJ 088072956

Recordkeeping

MASCHIO'S FOOD SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MASCHIO'S FOOD SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion