Retirement plan

WESTMORELAND COUNTY FOOD BANK, INC. RETIREMENT PLAN

Name: WESTMORELAND COUNTY FOOD BANK, INC. - WESTMORELAND COUNTY FOOD BANK, INC. RETIREMENT PLAN (2019) Form 5500
Creator: WESTMORELAND COUNTY FOOD BANK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTMORELAND COUNTY FOOD BANK, INC. RETIREMENT PLAN, WESTMORELAND COUNTY FOOD BANK, INC.

WESTMORELAND COUNTY FOOD BANK, INC.EIN 25-1422682Plan #001PY 2019

100 DEVONSHIRE DRIVE - DELMONT, PA 15626724-468-8660

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+21.4% from 2018

Total participants

+3.7% from 2018

Average account balance

$70,582

+21.4% from 2018

Annual return

19.13%

+23.23 pp from 2018

Benchmarks

See 7,712 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort7,712 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.38M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3814

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 codes2E2F2J2T3D

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).
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$103K

$5170 / participant

Other / not subdivided$103K100.0%

% of EOY assets

5.426%

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

$70,582

$108,695-35.1%

$74,722-5.5%

$152,897-53.8%

Participation rate

95.0%

65.4%+29.6pp

54.5%+40.5pp

82.5%+12.5pp

Annual return

19.13%

114.11%-95.0pp

753.11%-734.0pp

345.43%-326.3pp

Employer contribution / active EE

$4,037

$1,504+168.4%

$1,084+272.3%

$4,764-15.3%

Participant deferral / active EE

$2,953

$2,712+8.9%

$1,963+50.4%

$5,851-49.5%

Admin fee / account holder

$3,830

$4,906-21.9%

$3,335+14.8%

$11,599-67.0%

WESTMORELAND COUNTY FOOD BANK, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTMORELAND COUNTY FOOD BANK, INC. RETIREMENT 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