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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$8.1M assets

Prospect flagsLow assets / participantLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.4M

+42.2% from 2019

Total participants

204

+4.1% from 2019

Average account balance

$12,233

+38.6% from 2019

Annual return

14.13%

-3.49 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$9,571
LPL FINANCIAL4 years Filed as: LPL HOLDINGS Service code 27 · EIN 04-3046611	Advisory (Plan)	$6,786
MID-ATLANTIC PENSION SPECIALISTS5+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103	Contract Administrator	$0

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

4 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$20K

$102 / participant

Contract admin$20K100.0%

% of EOY assets

0.826%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,233

$54,590-77.6%

$81,726-85.0%

$73,497-83.4%

Participation rate

94.8%

68.3%+26.5pp

72.0%+22.8pp

70.7%+24.1pp

Annual return

14.13%

17.74%-3.6pp

29.49%-15.4pp

28.51%-14.4pp

Employer contribution / active EE

$2,080

$1,636+27.1%

$4,311-51.8%

$2,270-8.4%

Participant deferral / active EE

$1,180

$2,759-57.2%

$7,108-83.4%

$3,740-68.5%

Admin fee / account holder

$101

$592-82.9%

$5,160-98.0%

$513-80.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$9,571

LPL FINANCIAL4 years

Filed as: LPL HOLDINGS

Service code 27 · EIN 04-3046611

Advisory (Plan)

$6,786

MID-ATLANTIC PENSION SPECIALISTS5+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103

Contract Administrator

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