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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$8.7M assets

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$3.3M

+27.9% from 2022

Total participants

201

+11.7% from 2022

Average account balance

$17,294

+15.9% from 2022

Annual return

13.60%

+30.02 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$19,270
LPL FINANCIAL1 year Service code 27 · EIN 04-3046611	Advisory (Plan)	$7,197
MID-ATLANTIC PENSION SPECIALISTS8+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103	Contract Administrator	$3,391
MID-ATLANTIC PENSION SPECIALISTS2 years Filed as: MID-ATLANTIC PENSION SPECIALISTS, I Service code 13	Contract Administrator	$1,301
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$39

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 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.

Expense breakdown

Schedule H Part II

Admin total

$20K

$116 / participant

Recordkeeping$12K58.8%
Investment mgmt$7K35.7%
Contract admin$1K5.4%

% of EOY assets

0.610%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,294

$56,438-69.4%

$76,902-77.5%

$71,529-75.8%

Participation rate

94.8%

64.3%+30.5pp

69.6%+25.2pp

67.9%+26.9pp

Annual return

13.60%

19.05%-5.4pp

37.91%-24.3pp

28.97%-15.4pp

Employer contribution / active EE

$2,128

$1,864+14.2%

$2,534-16.0%

$2,590-17.8%

Participant deferral / active EE

$1,385

$3,136-55.8%

$3,833-63.9%

$4,291-67.7%

Admin fee / account holder

$106

$1,430-92.6%

$5,479-98.1%

$1,588-93.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$19,270

LPL FINANCIAL1 year

Service code 27 · EIN 04-3046611

Advisory (Plan)

$7,197

MID-ATLANTIC PENSION SPECIALISTS8+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103

Contract Administrator

$3,391

MID-ATLANTIC PENSION SPECIALISTS2 years

Filed as: MID-ATLANTIC PENSION SPECIALISTS, I

Service code 13

Contract Administrator

$1,301

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$39

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