Retirement plan

NORTHERN FROZEN FOODS, INC. EMPLOYEES' RETIREMENT PLAN

Name: NORTHERN FROZEN FOODS, INC. - NORTHERN FROZEN FOODS, INC. EMPLOYEES' RETIREMENT PLAN (2018) Form 5500
Creator: NORTHERN FROZEN FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN FROZEN FOODS, INC. EMPLOYEES' RETIREMENT PLAN, NORTHERN FROZEN FOODS, INC.

NORTHERN FROZEN FOODS, INC.EIN 34-0710976Plan #002PY 2018

21500 ALEXANDER RD - CLEVELAND, OH 44146800-589-8600LinkedIn1-10 employeescomputer software

Other plans on this EIN

1 filing

#001Retirement-$14.7M assets

Prospect flagsLow assets / participantLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.8M

+6.1% from 2017

Total participants

121

+31.5% from 2017

Average account balance

$23,218

-19.5% from 2017

Annual return

-5.43%

-19.99 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.89M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

141

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.

51.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$334K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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

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 codes2F2G2J2T3D2E

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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant 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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$32K

$275 / participant

Other / not subdivided$32K100.0%

% of EOY assets

1.164%

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

$23,218

$66,302-65.0%

$110,243-78.9%

$56,289-58.8%

Participation rate

99.2%

74.9%+24.2pp

79.8%+19.3pp

69.9%+29.3pp

Annual return

-5.43%

-1.18%-4.3pp

314.76%-320.2pp

-9.96%+4.5pp

Employer contribution / active EE

$1,694

$2,047-17.3%

$3,827-55.7%

$2,111-19.8%

Participant deferral / active EE

$1,001

$3,381-70.4%

$4,672-78.6%

$3,350-70.1%

Admin fee / account holder

$270

$698-61.3%

$8,548-96.8%

$521-48.1%

NORTHERN FROZEN FOODS, INC. EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN FROZEN FOODS, INC. EMPLOYEES' RETIREMENT 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