Retirement plan

HEARTHSIDE FOOD SOLUTIONS UNION 401(K) PLAN

Name: HEARTHSIDE FOOD SOLUTIONS, LLC - HEARTHSIDE FOOD SOLUTIONS UNION 401(K) PLAN (2022) Form 5500
Creator: HEARTHSIDE FOOD SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARTHSIDE FOOD SOLUTIONS UNION 401(K) PLAN, HEARTHSIDE FOOD SOLUTIONS, LLC

HEARTHSIDE FOOD SOLUTIONS, LLCEIN 26-4228653Plan #002PY 2022

3333 FINLEY ROAD, STE 800 - DOWNERS GROVE, IL 60515630-967-3614LinkedIn1-10 employeesfood production

Other plans on this EIN

1 filing

#004Retirement-$262.9M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$21.5M

-8.4% from 2016

Total participants

1,260

+2.7% from 2016

Average account balance

$18,363

-6.0% from 2016

Annual return

63.14%

-5.60 pp from 2016

Benchmarks

See 235 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort235 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.38M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

1,077

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$46,821
LOCKTON INVESTMENT ADVISORS, LLC7 years Service code 27 444 W 47TH ST STE 900 · KANSAS CITY, MO 64112	Advisory (Plan)	$4,286
CREATIVE PLANNING LLC1 year Service code 27 5440 W 110TH ST STE 102 · OVERLAND PARK, KS 66211	Advisory (Plan)	$3,047
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	$1,295

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

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

$55K

$53 / participant

Investment mgmt$9K15.6%
Contract admin$47K84.4%

% of EOY assets

0.258%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,363

$61,756-70.3%

$69,888-73.7%

$77,906-76.4%

Participation rate

91.5%

79.9%+11.6pp

70.5%+21.0pp

73.7%+17.8pp

Annual return

63.14%

-11.86%+75.0pp

190.87%-127.7pp

12.16%+51.0pp

Employer contribution / active EE

$916

$2,706-66.1%

$2,560-64.2%

$2,846-67.8%

Participant deferral / active EE

$1,372

$3,977-65.5%

$3,849-64.3%

$4,805-71.4%

Admin fee / account holder

$47

$101-53.3%

$6,267-99.2%

$133-64.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$46,821

LOCKTON INVESTMENT ADVISORS, LLC7 years

Service code 27

444 W 47TH ST STE 900 · KANSAS CITY, MO 64112

Advisory (Plan)

$4,286

CREATIVE PLANNING LLC1 year

Service code 27

5440 W 110TH ST STE 102 · OVERLAND PARK, KS 66211

Advisory (Plan)

$3,047

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

$1,295

HEARTHSIDE FOOD SOLUTIONS UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEARTHSIDE FOOD SOLUTIONS UNION 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