Retirement plan

COLUMBIANA FOODS, INC. 401K PROFIT SHARING PLAN

Name: COLUMBIANA FOODS, INC. - COLUMBIANA FOODS, INC. 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: COLUMBIANA FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLUMBIANA FOODS, INC. 401K PROFIT SHARING PLAN, COLUMBIANA FOODS, INC.

COLUMBIANA FOODS, INC.EIN 34-1237952Plan #001PY 2023

4700 BELMONT AVE - YOUNGSTOWN, OH 445051014330-759-2297columbianafoods.comLinkedIn11-50 employeesretail

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+12.7% from 2022

Total participants

203

-1.0% from 2022

Average account balance

$33,447

+29.5% from 2022

Annual return

14.76%

+29.11 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.13M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

42.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

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

+11.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISOR NETWORK LLC Service code 26 · EIN 95-3845382	Advisory (Participants)	$8,711
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$2,176

Plan features & details

Pension benefit codes2E2G3D2J2K2F2T3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$140 / participant

Recordkeeping$2K6.4%
Contract admin$22K93.6%

% of EOY assets

0.621%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STELMACK, DOBRANSKY & EANNACE, LLC
Auditor EIN: 251900686
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,447

$54,729-38.9%

$86,235-61.2%

$71,529-53.2%

Participation rate

47.3%

60.1%-12.8pp

69.0%-21.6pp

67.9%-20.6pp

Annual return

14.76%

20.07%-5.3pp

1170.03%-1155.3pp

28.97%-14.2pp

Employer contribution / active EE

$579

$1,267-54.3%

$2,381-75.7%

$2,590-77.6%

Participant deferral / active EE

$1,150

$3,110-63.0%

$3,987-71.2%

$4,291-73.2%

Admin fee / account holder

$208

$1,921-89.2%

$6,856-97.0%

$1,588-86.9%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA ADVISOR NETWORK LLC

Service code 26 · EIN 95-3845382

Advisory (Participants)

$8,711

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$2,176

COLUMBIANA FOODS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLUMBIANA FOODS, INC. 401K 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