Retirement plan

PHILLIPS FEED SERVICE, INC. 401(K) PLAN

Name: PHILLIPS FEED SERVICE, INC. - PHILLIPS FEED SERVICE, INC. 401(K) PLAN (2015) Form 5500
Creator: PHILLIPS FEED SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILLIPS FEED SERVICE, INC. 401(K) PLAN, PHILLIPS FEED SERVICE, INC.

PHILLIPS FEED SERVICE, INC.EIN 23-0975205Plan #001PY 2015

3747 HECKTOWN ROAD - EASTON, PA 18045610-250-2099phillipspet.comLinkedIn1001-5000 employeeswholesale

Prospect flagsLow participationLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.8M

No prior year

Total participants

1,264

No prior year

Average account balance

$24,446

No prior year

Annual return

2.65%

No prior year

Benchmarks

See 199 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort199 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.47M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

555

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.

30.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.24M

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$184

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 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$35,285
MID-ATLANTIC PENSION SPECIALISTS1+ years Filed as: MID-ATLANTIC PENSION SPECIALISTS IN Service code 13	Contract Administrator	$22,367
MID-ATLANTIC PENSION SPECIALISTS1+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103	Contract Administrator	$10,930
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0
WALTER SCOTT & PARTNERS LIMITED1+ years Filed as: WALTER J. ROLAND Service code 53 3701 CORPORATE PARKWAY · CENTER VALLEY, PA 18034	Insurance Commissions	$0
WALTER SCOTT & PARTNERS LIMITED1+ years Filed as: WALTER W. WOLAK Service code 53 220 GIBRALTAR ROAD · HORSHAM, PA 19044	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$46K

$40 / participant

Contract admin$35K76.3%
Other / not subdivided$11K23.7%

% of EOY assets

0.233%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,446

$54,890-55.5%

$63,244-61.3%

$59,188-58.7%

Participation rate

61.1%

75.6%-14.5pp

71.0%-9.9pp

69.4%-8.3pp

Annual return

2.65%

4.56%-1.9pp

-70.31%+73.0pp

5.51%-2.9pp

Employer contribution / active EE

$850

$1,831-53.6%

$2,322-63.4%

$2,098-59.5%

Participant deferral / active EE

$2,214

$2,803-21.0%

$2,953-25.0%

$3,265-32.2%

Admin fee / account holder

$57

$66-13.7%

$5,893-99.0%

$92-38.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$35,285

MID-ATLANTIC PENSION SPECIALISTS1+ years

Filed as: MID-ATLANTIC PENSION SPECIALISTS IN

Service code 13

Contract Administrator

$22,367

MID-ATLANTIC PENSION SPECIALISTS1+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103

Contract Administrator

$10,930

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 53 · EIN 95-2834236

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

WALTER SCOTT & PARTNERS LIMITED1+ years

Filed as: WALTER J. ROLAND

Service code 53

3701 CORPORATE PARKWAY · CENTER VALLEY, PA 18034

Insurance Commissions

WALTER SCOTT & PARTNERS LIMITED1+ years

Filed as: WALTER W. WOLAK

Service code 53

220 GIBRALTAR ROAD · HORSHAM, PA 19044

Insurance Commissions

PHILLIPS FEED SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILLIPS FEED SERVICE, INC. 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