Retirement plan

PHILLIPS PET FOOD AND SUPPLIES 401(K) PLAN

Name: PHILLIPS PET FOOD AND SUPPLIES - PHILLIPS PET FOOD AND SUPPLIES 401(K) PLAN (2018) Form 5500
Creator: PHILLIPS PET FOOD AND SUPPLIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILLIPS PET FOOD AND SUPPLIES 401(K) PLAN, PHILLIPS PET FOOD AND SUPPLIES

PHILLIPS PET FOOD AND SUPPLIESEIN 23-0975205Plan #001PY 2018

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.6M

-1.9% from 2017

Total participants

1,321

+3.0% from 2017

Average account balance

$37,331

-2.6% from 2017

Annual return

-3.80%

-20.83 pp from 2017

Benchmarks

See 219 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort219 peers

Snapshot2018

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
LPL FINANCIAL2 years Filed as: LPL FINANCIAL - RP Service code 27 · EIN 04-3046611	Advisory (Plan)	$28,231
MID-ATLANTIC PENSION SPECIALISTS2 years Filed as: MID ATLANTIC PENSION SPECIALISTS Service code 13	Contract Administrator	$22,857
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$21,585
MID-ATLANTIC PENSION SPECIALISTS4+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103	Contract Administrator	$8,389
AMERICAN FUNDS2 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49	Other Services	$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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$58K

$49 / participant

Contract admin$50K85.6%
Other / not subdivided$8K14.4%

% of EOY assets

0.211%

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

$37,331

$77,559-51.9%

$68,612-45.6%

$75,289-50.4%

Participation rate

50.7%

78.3%-27.6pp

72.2%-21.5pp

72.4%-21.7pp

Annual return

-3.80%

-1.01%-2.8pp

-4.63%+0.8pp

-0.04%-3.8pp

Employer contribution / active EE

$734

$1,993-63.2%

$2,625-72.0%

$2,405-69.5%

Participant deferral / active EE

$2,130

$3,128-31.9%

$3,311-35.7%

$3,739-43.0%

Admin fee / account holder

$79

$90-13.0%

$5,131-98.5%

$102-23.1%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL - RP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$28,231

MID-ATLANTIC PENSION SPECIALISTS2 years

Filed as: MID ATLANTIC PENSION SPECIALISTS

Service code 13

Contract Administrator

$22,857

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$21,585

MID-ATLANTIC PENSION SPECIALISTS4+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVENUE · ALLENTOWN, PA 18103

Contract Administrator

$8,389

AMERICAN FUNDS2 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 49

Other Services

PHILLIPS PET FOOD AND SUPPLIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILLIPS PET FOOD AND SUPPLIES 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