Retirement plan

AMERICAN FOOD INGREDIENTS, INC. 401(K) PROFIT SHARING PLAN

Name: AMERICAN FOOD INGREDIENTS, INC. - AMERICAN FOOD INGREDIENTS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: AMERICAN FOOD INGREDIENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN FOOD INGREDIENTS, INC. 401(K) PROFIT SHARING PLAN, AMERICAN FOOD INGREDIENTS, INC.

AMERICAN FOOD INGREDIENTS, INC.EIN 33-0560952Plan #001PY 2020

4021 AVENIDA DE LA PLATA, SUITE 501 - OCEANSIDE, CA 92056760-967-6287americanfoodingredients.comLinkedIn11-50 employeesfood production

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+6.8% from 2018

Total participants

-39.7% from 2018

Average account balance

$47,122

+73.5% from 2018

Annual return

-5.86%

-1.81 pp from 2018

Benchmarks

See 8,767 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,767 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

106.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$201K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+1.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4100

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 codes2E2J2F2G3D3H2T

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$80K

$2591 / participant

Other / not subdivided$80K100.0%

% of EOY assets

5.327%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,122

$60,139-21.6%

$90,461-47.9%

$79,856-41.0%

Participation rate

80.6%

65.0%+15.7pp

72.7%+8.0pp

69.6%+11.0pp

Annual return

-5.86%

71.96%-77.8pp

1294.76%-1300.6pp

31.71%-37.6pp

Employer contribution / active EE

$1,877

$2,069-9.3%

$3,264-42.5%

$2,471-24.0%

Participant deferral / active EE

$3,688

$2,939+25.5%

$3,964-7.0%

$3,741-1.4%

Admin fee / account holder

$2,510

$3,978-36.9%

$5,617-55.3%

$5,306-52.7%

AMERICAN FOOD INGREDIENTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN FOOD INGREDIENTS, INC. 401(K) 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