Retirement plan

PREMIER PRODUCE ONE 401(K) PLAN

Name: PRODUCE ONE, INC. - PREMIER PRODUCE ONE 401(K) PLAN (2020) Form 5500
Creator: PRODUCE ONE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER PRODUCE ONE 401(K) PLAN, PRODUCE ONE, INC.

PRODUCE ONE, INC.EIN 31-0522620Plan #001PY 2020

904 WOODLEY RD. - DAYTON, OH 454031444937-253-4749producepac.comLinkedIn1-10 employeessupermarkets

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$4.6M

+24.8% from 2019

Total participants

273

-2.8% from 2019

Average account balance

$21,979

+23.1% from 2019

Annual return

18.78%

-2.42 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.14M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

213

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.

58.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$594K

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

+14.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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 2 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC5 years Filed as: MMA SECURITIES, LLC Service code 27 · EIN 36-2668272 409 E.MONUMENT AVE STE 400 · DAYTON, OH 45402	Advisory (Plan)	$8,874
JULY BUSINESS SERVICES1 year Service code 37 · EIN 74-2715820 400 AUSTIN AVE., ST 1200 · WACO, TX 76701	Loan Processing	$7,993

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

3 tripped

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 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

$17K

$65 / participant

Investment mgmt$9K52.6%
Other / not subdivided$8K47.4%

% of EOY assets

0.364%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRADY, WARE AND SCHOENFELD, INC.
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,979

$78,419-72.0%

$133,959-83.6%

$73,412-70.1%

Participation rate

76.2%

78.6%-2.4pp

79.8%-3.7pp

72.2%+4.0pp

Annual return

18.78%

33.35%-14.6pp

45.09%-26.3pp

59.30%-40.5pp

Employer contribution / active EE

$363

$2,044-82.3%

$3,919-90.7%

$2,234-83.8%

Participant deferral / active EE

$1,299

$3,925-66.9%

$5,047-74.3%

$3,806-65.9%

Admin fee / account holder

$80

$161-50.5%

$8,928-99.1%

$158-49.4%

Provider

Service type

Compensation

MMA SECURITIES LLC5 years

Filed as: MMA SECURITIES, LLC

Service code 27 · EIN 36-2668272

409 E.MONUMENT AVE STE 400 · DAYTON, OH 45402

Advisory (Plan)

$8,874

JULY BUSINESS SERVICES1 year

Service code 37 · EIN 74-2715820

400 AUSTIN AVE., ST 1200 · WACO, TX 76701

Loan Processing

$7,993

PREMIER PRODUCE ONE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER PRODUCE ONE 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