Retirement plan

BERKS PACKING UFCW 401(K) PLAN

Name: BERKS PACKING CO., INC. - BERKS PACKING UFCW 401(K) PLAN (2021) Form 5500
Creator: BERKS PACKING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKS PACKING UFCW 401(K) PLAN, BERKS PACKING CO., INC.

BERKS PACKING CO., INC.EIN 23-0404560Plan #004PY 2021

PO BOX 5919 - READING, PA 19602610-376-7291berksfoods.comLinkedIn51-200 employeesfood production

Other plans on this EIN

2 filings

#002Retirement-$9.2M assets #003Retirement-$1.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.6M

+11.5% from 2020

Total participants

-10.9% from 2020

Average account balance

$41,169

+5.2% from 2020

Annual return

11.82%

-2.42 pp from 2020

Benchmarks

See 2,400 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,400 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.69M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

113

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$491K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5268

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 codes2F2G2J2T2E3D

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$358K

$4651 / participant

Other / not subdivided$358K100.0%

% of EOY assets

9.884%

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

$41,169

$68,681-40.1%

$86,615-52.5%

$85,847-52.0%

Participation rate

97.4%

66.4%+31.0pp

71.6%+25.8pp

69.3%+28.1pp

Annual return

11.82%

20.12%-8.3pp

63.51%-51.7pp

318.61%-306.8pp

Employer contribution / active EE

$3,174

$1,880+68.8%

$2,496+27.2%

$2,565+23.7%

Participant deferral / active EE

$1,340

$2,919-54.1%

$3,699-63.8%

$3,952-66.1%

Admin fee / account holder

$4,069

$5,974-31.9%

$5,830-30.2%

$6,261-35.0%

BERKS PACKING UFCW 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKS PACKING UFCW 401(K) 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