Retirement plan

HARLAN FOODS, INC. PROFIT SHARING 401(K) PLAN

Name: HARLAN FOODS, INC - HARLAN FOODS, INC. PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: HARLAN FOODS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARLAN FOODS, INC. PROFIT SHARING 401(K) PLAN, HARLAN FOODS, INC

HARLAN FOODS, INCEIN 35-2096733Plan #001PY 2017

7597 EAST U.S. HIGHWAY 36 - AVON, IN 46123317-272-3600harlanfoods.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$19.7M

+21.9% from 2016

Total participants

1,189

-14.0% from 2016

Average account balance

$18,459

+43.4% from 2016

Annual return

17.12%

+10.06 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.77M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

741

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.

58.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 5 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Participant...	$132,545
THURSTON SPRINGER MILLER2 years Filed as: THURSTON,SPRINGER,MILLER,HERD&TATAK Service code 10 · EIN 35-1090346	Accounting	$36,045
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP, INC Service code 15	Recordkeeping	$34,061
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Claims processing; Trustee (bank, tru...	$8,067
RBC WEALTH MANAGEMENT3+ years Service code 33	Securities brokerage; Distribution (1...	$0

Plan features & details

Pension benefit codes2E2G2J2K2F2T3D3H

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

3 tripped

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

$169K

$200 / participant

Contract admin$133K78.6%
Other / not subdivided$36K21.4%

% of EOY assets

0.854%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KATZ, SAPPER & MILLER, LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,459

$53,925-65.8%

$75,501-75.6%

$69,631-73.5%

Participation rate

85.8%

71.2%+14.6pp

72.4%+13.4pp

70.7%+15.1pp

Annual return

17.12%

17.84%-0.7pp

27.35%-10.2pp

27571.02%-27553.9pp

Employer contribution / active EE

$438

$1,802-75.7%

$2,352-81.4%

$2,032-78.5%

Participant deferral / active EE

$2,034

$2,569-20.8%

$3,142-35.3%

$3,224-36.9%

Admin fee / account holder

$158

$97+62.4%

$5,801-97.3%

$110+42.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Participant...

$132,545

THURSTON SPRINGER MILLER2 years

Filed as: THURSTON,SPRINGER,MILLER,HERD&TATAK

Service code 10 · EIN 35-1090346

Accounting

$36,045

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP, INC

Service code 15

Recordkeeping

$34,061

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Claims processing; Trustee (bank, tru...

$8,067

RBC WEALTH MANAGEMENT3+ years

Service code 33

Securities brokerage; Distribution (1...

HARLAN FOODS, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARLAN FOODS, INC. PROFIT SHARING 401(K) 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