Retirement plan

KEYSTONE FOOD PRODUCTS, INC. HOURLY EMPLOYEE 401(K) PLAN

Name: KEYSTONE FOOD PRODUCTS, INC. - KEYSTONE FOOD PRODUCTS, INC. HOURLY EMPLOYEE 401(K) PLAN (2017) Form 5500
Creator: KEYSTONE FOOD PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEYSTONE FOOD PRODUCTS, INC. HOURLY EMPLOYEE 401(K) PLAN, KEYSTONE FOOD PRODUCTS, INC.

KEYSTONE FOOD PRODUCTS, INC.EIN 24-0794987Plan #002PY 2017

P.O. BOX 326, 3767 HECKTOWN ROAD - EASTON, PA 18044610-258-0888keystonesnacks.comLinkedIn11-50 employeesfood production

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$659K

+166.0% from 2016

Total participants

180

+4.7% from 2016

Average account balance

$3,808

+150.7% from 2016

Annual return

16.56%

+16.56 pp from 2016

Benchmarks

See 935 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort935 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.66M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

180

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

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

+9.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$3,904
MID-ATLANTIC PENSION SPECIALISTS2+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103	Contract Administrator	$1,780
LPL FINANCIAL1 year Filed as: LPL HOLDINGS Service code 27 · EIN 04-3046611	Advisory (Plan)	$1,133
MID-ATLANTIC PENSION SPECIALISTS2+ years Filed as: MID-ATLANTIC PENSION SPECIALISTS IN Service code 13	Contract Administrator	$107

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.
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 participant contribution
Participant contribution per participant 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.

Expense breakdown

Schedule H Part II

Admin total

$6K

$34 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.863%

all-in expense ratio

Categories reported

0 / 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: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,808

$50,385-92.4%

$75,501-95.0%

$62,293-93.9%

Participation rate

95.8%

67.7%+28.1pp

72.4%+23.4pp

69.5%+26.3pp

Annual return

16.56%

19.90%-3.3pp

27.35%-10.8pp

28.90%-12.3pp

Employer contribution / active EE

$1,823

$1,537+18.6%

$2,352-22.5%

$2,042-10.7%

Participant deferral / active EE

$619

$2,445-74.7%

$3,142-80.3%

$3,169-80.5%

Admin fee / account holder

$33

$384-91.4%

$5,801-99.4%

$479-93.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$3,904

MID-ATLANTIC PENSION SPECIALISTS2+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103

Contract Administrator

$1,780

LPL FINANCIAL1 year

Filed as: LPL HOLDINGS

Service code 27 · EIN 04-3046611

Advisory (Plan)

$1,133

MID-ATLANTIC PENSION SPECIALISTS2+ years

Filed as: MID-ATLANTIC PENSION SPECIALISTS IN

Service code 13

Contract Administrator

$107

KEYSTONE FOOD PRODUCTS, INC. HOURLY EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEYSTONE FOOD PRODUCTS, INC. HOURLY EMPLOYEE 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