Retirement plan

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

Name: KALMBACH FEEDS, INC. - KALMBACH FEEDS, INC. 401(K) AND PROFIT SHARING PLAN (2019) 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 2019

7148 STATE HIGHWAY 199 - UPPER SANDUSKY, OH 43551419-294-3838kalmbachfeeds.comLinkedIn501-1000 employeesfood production

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$36.3M

+28.3% from 2018

Total participants

668

+11.1% from 2018

Average account balance

$60,992

+14.7% from 2018

Annual return

19.96%

+24.44 pp from 2018

Benchmarks

See 691 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2019

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE5+ years Service code 26 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Advisory (Participants)	$131,132
INDEPENDENT FINANCIAL GROUP LLC1 year Filed as: INDEPENDENT FINANCIAL GROUP INC Service code 27 7425 MISSION VALLEY RD · SAN DIEGO, CA 92108	Advisory (Plan)	$35,693
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 33 200 S 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$111

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3B3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$167K

$309 / participant

Investment mgmt$60K36.0%
Contract admin$107K64.0%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

2 / 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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,992

$55,790+9.3%

$76,817-20.6%

$67,579-9.7%

Participation rate

86.5%

71.1%+15.4pp

72.1%+14.4pp

71.3%+15.2pp

Annual return

19.96%

64.45%-44.5pp

1166.11%-1146.1pp

378.56%-358.6pp

Employer contribution / active EE

$1,904

$1,810+5.2%

$2,302-17.3%

$2,148-11.3%

Participant deferral / active EE

$4,154

$2,875+44.5%

$3,336+24.5%

$3,539+17.4%

Admin fee / account holder

$281

$159+76.3%

$6,420-95.6%

$142+97.2%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE5+ years

Service code 26

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Advisory (Participants)

$131,132

INDEPENDENT FINANCIAL GROUP LLC1 year

Filed as: INDEPENDENT FINANCIAL GROUP INC

Service code 27

7425 MISSION VALLEY RD · SAN DIEGO, CA 92108

Advisory (Plan)

$35,693

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 33

200 S 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$111

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