Retirement plan

NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC. 401(K) PLAN

Name: NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC. - NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC. 401(K) PLAN (2021) Form 5500
Creator: NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC. 401(K) PLAN, NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC.

NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC.EIN 25-1206175Plan #003PY 2021

4755 LINGLESTOWN ROAD, SUITE 300 - HARRISBURG, PA 17112717-657-8601nfraweb.orgLinkedIn1-10 employeesfood & beverages

Other plans on this EIN

1 filing

#002Retirement-$3.1M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$1M

+23.4% from 2020

Total participants

+11.1% from 2020

Average account balance

$100,474

+11.1% from 2020

Annual return

16.35%

+2.67 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

157.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54685

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 codes2E2F2G2J2T3D

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$149 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.133%

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

$100,474

$109,872-8.6%

$98,483+2.0%

$167,536-40.0%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

16.35%

1959.31%-1943.0pp

1494.38%-1478.0pp

478.82%-462.5pp

Employer contribution / active EE

$3,225-100.0%

$2,961-100.0%

$4,839-100.0%

Participant deferral / active EE

$6,507

$4,673+39.2%

$4,276+52.2%

$6,342+2.6%

Admin fee / account holder

$134

$6,757-98.0%

$5,953-97.8%

$12,315-98.9%

NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL FROZEN AND REFRIGERATED FOODS ASSOCIATION, 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