Retirement plan

KALMBACH FEEDS, INC. 401(K) AND PROFIT SHARING PLAN

Name: KALMBACH FEEDS, INC. - KALMBACH FEEDS, INC. 401(K) AND PROFIT SHARING PLAN (2017) Form 5500
Creator: KALMBACH FEEDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KALMBACH FEEDS, INC. 401(K) AND PROFIT SHARING PLAN, KALMBACH FEEDS, INC.

KALMBACH FEEDS, INC.EIN 31-1162375Plan #001PY 2017

7148 STATE HIGHWAY199 - UPPER SANDUSKY, OH 43551419-294-3838kalmbachfeeds.comLinkedIn501-1000 employeesfood production

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$29.5M

+20.3% from 2016

Total participants

550

+12.2% from 2016

Average account balance

$61,874

+11.9% from 2016

Annual return

13.95%

+4.79 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$59.41M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

989

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$123

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE3+ years Service code 64 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Recordkeeping Fees	$156,658
TD AMERITRADE, INC.3+ years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$14

Plan features & details

Pension benefit codes2E2G2J2K2R2S2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$157K

$338 / participant

Contract admin$157K100.0%

% of EOY assets

0.532%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HOLBROOK & MANTER
Auditor EIN: 310998651
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,874

$53,925+14.7%

$75,670-18.2%

$69,631-11.1%

Participation rate

84.0%

71.2%+12.8pp

72.3%+11.7pp

70.7%+13.3pp

Annual return

13.95%

17.84%-3.9pp

27.34%-13.4pp

27571.02%-27557.1pp

Employer contribution / active EE

$2,930

$1,802+62.6%

$2,352+24.6%

$2,032+44.2%

Participant deferral / active EE

$3,404

$2,569+32.5%

$3,142+8.3%

$3,224+5.6%

Admin fee / account holder

$329

$97+239.0%

$5,800-94.3%

$110+198.0%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE3+ years

Service code 64

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Recordkeeping Fees

$156,658

TD AMERITRADE, INC.3+ years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$14

KALMBACH FEEDS, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KALMBACH FEEDS, INC. 401(K) AND PROFIT SHARING 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