Retirement plan

EMPIRE KOSHER POULTRY, INC. 401K PROFIT SHARING PLAN

Name: EMPIRE KOSHER POULTRY, INC. - EMPIRE KOSHER POULTRY, INC. 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: EMPIRE KOSHER POULTRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPIRE KOSHER POULTRY, INC. 401K PROFIT SHARING PLAN, EMPIRE KOSHER POULTRY, INC.

EMPIRE KOSHER POULTRY, INC.EIN 23-1618629Plan #004PY 2022

247 EMPIRE DRIVE - MIFFLINTOWN, PA 17059717-436-5921empirekosher.comLinkedIn501-1000 employeesfood production

Prospect flagsHigh retiree %High feesLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 30, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$12.4M

-12.5% from 2021

Total participants

604

-0.3% from 2021

Average account balance

$30,457

-12.7% from 2021

Annual return

-15.98%

-31.33 pp from 2021

Benchmarks

See 251 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort251 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.10M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

443

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Service code 15 · EIN 31-4156830	Recordkeeping	$68,707
DELAWARE VALLEY RETIREMENT, INC.8+ years Service code 15 · EIN 20-2055473	Recordkeeping	$31,770
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 26 · EIN 43-1451524	Advisory (Participants)	$14,246
IRON-CO-FID-COMPREHENSIVE8+ years Service code 26 · EIN 26-2409128	Advisory (Participants)	$9,676

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$126K

$281 / participant

Other / not subdivided$126K100.0%

% of EOY assets

1.016%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,457

$74,188-58.9%

$115,756-73.7%

$64,808-53.0%

Participation rate

56.3%

76.2%-19.9pp

77.1%-20.7pp

71.5%-15.1pp

Annual return

-15.98%

-11.81%-4.2pp

143.14%-159.1pp

32.82%-48.8pp

Employer contribution / active EE

$1,150

$3,365-65.8%

$3,793-69.7%

$2,506-54.1%

Participant deferral / active EE

$1,840

$5,294-65.2%

$6,254-70.6%

$4,310-57.3%

Admin fee / account holder

$309

$148+108.5%

$8,124-96.2%

$188+64.7%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$68,707

DELAWARE VALLEY RETIREMENT, INC.8+ years

Service code 15 · EIN 20-2055473

Recordkeeping

$31,770

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: ONEDIGITAL INVESTMENT ADVISORS

Service code 26 · EIN 43-1451524

Advisory (Participants)

$14,246

IRON-CO-FID-COMPREHENSIVE8+ years

Service code 26 · EIN 26-2409128

Advisory (Participants)

$9,676

EMPIRE KOSHER POULTRY, INC. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPIRE KOSHER POULTRY, INC. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

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