Retirement plan

SHEARER'S FOODS, LLC RETIREMENT SAVINGS PLAN

Name: SHEARER'S FOODS, LLC - SHEARER'S FOODS, LLC RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: SHEARER'S FOODS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEARER'S FOODS, LLC RETIREMENT SAVINGS PLAN, SHEARER'S FOODS, LLC

SHEARER'S FOODS, LLCEIN 34-1319359Plan #002PY 2015

100 LINCOLN WAY EAST - MASSILLON, OH 44646330-834-4030shearers.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow assets / participantLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed January 24, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$33.4M

No prior year

Total participants

3,464

No prior year

Average account balance

$11,004

No prior year

Annual return

-0.27%

No prior year

Benchmarks

See 217 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort217 peers

Snapshot2015

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$134.09M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

4,637

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$143,189
REHMANN ROBSON1+ years Filed as: REHMANN FINANCIAL Service code 27 · EIN 38-3567911	Advisory (Plan)	$23,000
GLOBAL RETIREMENT PARTNERS LLC1+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118	Advisory (Plan)	$11,250
THORNHILL FINANCIAL, INC.1+ years Filed as: THORNHILL FINANCIAL Service code 27 · EIN 34-1818419	Advisory (Plan)	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$187K

$59 / participant

Other / not subdivided$187K100.0%

% of EOY assets

0.561%

all-in expense ratio

Categories reported

0 / 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: THORNHILL FINANCIAL, LLC
Auditor EIN: 341818419
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,004

$74,498-85.2%

$94,224-88.3%

$59,188-81.4%

Participation rate

86.6%

76.8%+9.8pp

78.8%+7.8pp

69.4%+17.1pp

Annual return

-0.27%

2.76%-3.0pp

10.68%-10.9pp

5.51%-5.8pp

Employer contribution / active EE

$383

$2,077-81.6%

$3,587-89.3%

$2,098-81.8%

Participant deferral / active EE

$1,600

$3,433-53.4%

$4,320-63.0%

$3,265-51.0%

Admin fee / account holder

$62

$103-40.0%

$6,269-99.0%

$92-33.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$143,189

REHMANN ROBSON1+ years

Filed as: REHMANN FINANCIAL

Service code 27 · EIN 38-3567911

Advisory (Plan)

$23,000

GLOBAL RETIREMENT PARTNERS LLC1+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27 · EIN 47-1411118

Advisory (Plan)

$11,250

THORNHILL FINANCIAL, INC.1+ years

Filed as: THORNHILL FINANCIAL

Service code 27 · EIN 34-1818419

Advisory (Plan)

$10,000

SHEARER'S FOODS, LLC RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEARER'S FOODS, LLC RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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