Retirement plan

SHADY MAPLE FARM MARKET & SMORGASBORD 401(K) PROFIT SHARING PLAN

Name: SHADY MAPLE FARM MARKET, INC. - SHADY MAPLE FARM MARKET & SMORGASBORD 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SHADY MAPLE FARM MARKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHADY MAPLE FARM MARKET & SMORGASBORD 401(K) PROFIT SHARING PLAN, SHADY MAPLE FARM MARKET, INC.

SHADY MAPLE FARM MARKET, INC.EIN 23-1901146Plan #002PY 2024

1324 MAIN STREET - EAST EARL, PA 17519717-354-4981shady-maple.comLinkedIn501-1000 employeesfood & beverages

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$16.8M

+16.3% from 2023

Total participants

619

+26.1% from 2023

Average account balance

$37,602

+5.6% from 2023

Annual return

13.74%

-2.07 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.77M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

446

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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 2 by compensation

Provider	Service type	Compensation
NWPS5 years Service code 37 · EIN 91-2090931 300 EAST JOPPA RD · TOWSON, MD 21286	Loan Processing	$10,042
SIMON LEVER LLC6 years Service code 10 · EIN 23-1692578 147 W AIRPORT RD · LITITZ, PA 17543	Accounting	$9,000

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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$19K

$36 / participant

Recordkeeping$10K52.7%
Other / not subdivided$9K47.3%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIMON LEVER LLC
Auditor EIN: 231692578
Audit fees: $9,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,602

$54,193-30.6%

$93,669-59.9%

$77,714-51.6%

Participation rate

67.2%

63.9%+3.2pp

68.7%-1.6pp

70.6%-3.4pp

Annual return

13.74%

30.54%-16.8pp

133.59%-119.9pp

31.26%-17.5pp

Employer contribution / active EE

$656

$1,168-43.8%

$2,424-72.9%

$2,727-75.9%

Participant deferral / active EE

$1,352

$3,144-57.0%

$4,416-69.4%

$4,649-70.9%

Admin fee / account holder

$43

$576-92.6%

$8,291-99.5%

$433-90.1%

Provider

Service type

Compensation

NWPS5 years

Service code 37 · EIN 91-2090931

300 EAST JOPPA RD · TOWSON, MD 21286

Loan Processing

$10,042

SIMON LEVER LLC6 years

Service code 10 · EIN 23-1692578

147 W AIRPORT RD · LITITZ, PA 17543

Accounting

$9,000

SHADY MAPLE FARM MARKET & SMORGASBORD 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHADY MAPLE FARM MARKET & SMORGASBORD 401(K) PROFIT SHARING 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