Retirement plan

SISSON QUALITY FOODS, INC. PROFIT SHARING PLAN AND TRUST

Name: SISSON QUALITY FOODS, INC. - SISSON QUALITY FOODS, INC. PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: SISSON QUALITY FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SISSON QUALITY FOODS, INC. PROFIT SHARING PLAN AND TRUST, SISSON QUALITY FOODS, INC.

SISSON QUALITY FOODS, INC.EIN 27-0842916Plan #001PY 2020

311 AVON BELDEN RD - AVON LAKE, OH 440122252440-933-9026

Other plans on this EIN

1 filing

#002Retirement-$2.1M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1.1M

+8.4% from 2019

Total participants

-15.9% from 2019

Average account balance

$16,939

+25.3% from 2019

Annual return

7.99%

-4.64 pp from 2019

Benchmarks

See 3,551 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,551 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$110K

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

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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 codes2A2E3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$213 / participant

Contract admin$14K100.0%

% of EOY assets

1.277%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: JMM CPA
Auditor EIN: 472940358
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,939

$37,446-54.8%

$77,513-78.1%

$79,852-78.8%

Participation rate

92.3%

41.5%+50.8pp

54.2%+38.1pp

69.6%+22.7pp

Annual return

7.99%

39.76%-31.8pp

54.81%-46.8pp

31.72%-23.7pp

Employer contribution / active EE

$1,048

$637+64.5%

$987+6.2%

$2,471-57.6%

Participant deferral / active EE

$1,261-100.0%

$1,861-100.0%

$3,740-100.0%

Admin fee / account holder

$216

$2,506-91.4%

$2,859-92.4%

$5,306-95.9%

SISSON QUALITY FOODS, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SISSON QUALITY FOODS, INC. PROFIT SHARING PLAN AND TRUST

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