Retirement plan

CUSTOM MADE MEALS 401(K) PLAN

Name: CUSTOM MADE MEALS, LLC - CUSTOM MADE MEALS 401(K) PLAN (2022) Form 5500
Creator: CUSTOM MADE MEALS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUSTOM MADE MEALS 401(K) PLAN, CUSTOM MADE MEALS, LLC

CUSTOM MADE MEALS, LLCEIN 26-4237691Plan #001PY 2022

5575 LOGAN STREET - DENVER, CO 80216720-277-2924custommadebeanies.comLinkedIn11-50 employeesretail

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$538K

-6.8% from 2021

Total participants

372

-6.1% from 2021

Average account balance

$16,815

-3.9% from 2021

Annual return

-19.86%

-35.09 pp from 2021

Benchmarks

See 736 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$917K

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

24.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$268K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$891

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

+41.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2447

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

See the 7-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 49	Other Services	$2,775
MID ATLANTIC CAPITAL CORPORATION2 years Filed as: MID ATLANTIC FINANCIAL MANAGEMENT Service code 99 · EIN 26-4237691	Other Fees	$286
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 99	Other Fees	$280
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$86
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 49 · EIN 82-3719843	Other Services	$0
GOLDMAN SACHS3 years Filed as: AVEO CAPITAL Service code 99 · EIN 27-4981131	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$6K

$17 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.142%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,815

$56,503-70.2%

$70,092-76.0%

$64,808-74.1%

Participation rate

5.6%

70.5%-64.9pp

71.5%-65.9pp

Annual return

-19.86%

-13.44%-6.4pp

190.73%-210.6pp

32.82%-52.7pp

Employer contribution / active EE

$199

$2,046-90.3%

$2,559-92.2%

$2,506-92.1%

Participant deferral / active EE

$565

$3,389-83.3%

$3,849-85.3%

$4,310-86.9%

Admin fee / account holder

$192

$160+19.7%

$6,267-96.9%

$188+2.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 49

Other Services

$2,775

MID ATLANTIC CAPITAL CORPORATION2 years

Filed as: MID ATLANTIC FINANCIAL MANAGEMENT

Service code 99 · EIN 26-4237691

Other Fees

$286

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 99

Other Fees

$280

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$86

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 49 · EIN 82-3719843

Other Services

GOLDMAN SACHS3 years

Filed as: AVEO CAPITAL

Service code 99 · EIN 27-4981131

Other Fees

CUSTOM MADE MEALS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUSTOM MADE MEALS 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