Retirement plan

BIRD-IN-HAND FARMS, INC. MONEY PURCHASE PENSION PLAN

Name: BIRD-IN-HAND FARMS, INC. - BIRD-IN-HAND FARMS, INC. MONEY PURCHASE PENSION PLAN (2022) Form 5500
Creator: BIRD-IN-HAND FARMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIRD-IN-HAND FARMS, INC. MONEY PURCHASE PENSION PLAN, BIRD-IN-HAND FARMS, INC.

BIRD-IN-HAND FARMS, INC.EIN 23-2106401Plan #002PY 2022

1708 COLUMBIA AVENUE - LANCASTER, PA 17603717-291-5855bihfarms.comLinkedIn1-10 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$12.3M

-13.1% from 2021

Total participants

0.0% from 2021

Average account balance

$1,756,713

-13.1% from 2021

Annual return

-10.47%

-29.63 pp from 2021

Benchmarks

See 4,135 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,135 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.76M

Not enough data

1 years with asset history on file

Average account balance

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

$2.5M

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+23.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98259

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$548K

$91374 / participant

Other / not subdivided$548K100.0%

% of EOY assets

4.458%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,756,713

$88,603+1882.7%

$69,890+2413.5%

$134,545+1205.7%

Participation rate

100.0%

74.9%+25.1pp

70.5%+29.5pp

81.2%+18.8pp

Annual return

-10.47%

442.93%-453.4pp

190.84%-201.3pp

418.37%-428.8pp

Employer contribution / active EE

$28,487

$3,236+780.4%

$2,560+1012.6%

$4,742+500.8%

Participant deferral / active EE

$4,771-100.0%

$3,848-100.0%

$6,401-100.0%

Admin fee / account holder

$78,320

$10,443+649.9%

$6,267+1149.7%

$11,431+585.2%

BIRD-IN-HAND FARMS, INC. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIRD-IN-HAND FARMS, INC. MONEY PURCHASE PENSION 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