Retirement plan

GOURMET'S DELIGHT MUSHROOM CO., INC. 401(K) PLAN

Name: GOURMET'S DELIGHT MUSHROOM COMPANY, INC. - GOURMET'S DELIGHT MUSHROOM CO., INC. 401(K) PLAN (2020) Form 5500
Creator: GOURMET'S DELIGHT MUSHROOM COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOURMET'S DELIGHT MUSHROOM CO., INC. 401(K) PLAN, GOURMET'S DELIGHT MUSHROOM COMPANY, INC.

GOURMET'S DELIGHT MUSHROOM COMPANY, INC.EIN 23-2105032Plan #001PY 2020

704 GARDEN STATION ROAD - AVONDALE, PA 19311610-268-3578LinkedIn51-200 employeesfarming

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

-26.9% from 2019

Total participants

172

-9.5% from 2019

Average account balance

$19,590

-40.1% from 2019

Annual return

0.61%

-3.86 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.82M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

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.

43.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$209K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$992

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,699
SECURITIES AMERICA INC2 years Filed as: BB&T SECURITIES LLC Service code 55	Other Commissions	$8,503
LIMESTONE PENSION ASSOCIATES, LLC5+ years Service code 13 1407 FOULK ROAD · WILMINGTON, DE 198032755	Contract Administrator	$3,328
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$163
L AND G INVESTMENT3 years Filed as: BB&T INVESTMENT Service code 55 901 E BYRD STREET · RICHMOND, VA 23219	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$14K

$98 / participant

Contract admin$14K96.5%
Other / not subdivided$5003.5%

% of EOY assets

1.009%

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: WHISMAN GIORDANO & ASSOCIATES, LLC
Auditor EIN: 203934956
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,590

$59,328-67.0%

$118,946-83.5%

$73,493-73.3%

Participation rate

31.0%

62.3%-31.3pp

75.4%-44.4pp

70.7%-39.6pp

Annual return

0.61%

19.13%-18.5pp

35.89%-35.3pp

28.51%-27.9pp

Employer contribution / active EE

$402

$1,803-77.7%

$3,263-87.7%

$2,270-82.3%

Participant deferral / active EE

$795

$2,604-69.5%

$4,266-81.4%

$3,740-78.7%

Admin fee / account holder

$198

$600-67.1%

$6,581-97.0%

$513-61.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,699

SECURITIES AMERICA INC2 years

Filed as: BB&T SECURITIES LLC

Service code 55

Other Commissions

$8,503

LIMESTONE PENSION ASSOCIATES, LLC5+ years

Service code 13

1407 FOULK ROAD · WILMINGTON, DE 198032755

Contract Administrator

$3,328

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$163

L AND G INVESTMENT3 years

Filed as: BB&T INVESTMENT

Service code 55

901 E BYRD STREET · RICHMOND, VA 23219

Other Commissions

GOURMET'S DELIGHT MUSHROOM CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOURMET'S DELIGHT MUSHROOM CO., 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