Retirement plan

AMERIQUAL 401(K) PLAN

Name: AMERIQUAL GROUP, LLC - AMERIQUAL 401(K) PLAN (2023) Form 5500
Creator: AMERIQUAL GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERIQUAL 401(K) PLAN, AMERIQUAL GROUP, LLC

AMERIQUAL GROUP, LLCEIN 35-2110138Plan #002PY 2023

18200 HIGHWAY 41 NORTH - EVANSVILLE, IN 47725812-867-1444ameriqual.comLinkedIn501-1000 employeesfood production

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$43.4M

+24.4% from 2022

Total participants

839

-7.8% from 2022

Average account balance

$52,888

+34.8% from 2022

Annual return

22.32%

+45.74 pp from 2022

Benchmarks

See 205 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort205 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.04M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

846

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.

73.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.80M

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

+16.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,937
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$2,923

Plan features & details

Pension benefit codes2G2J2K2E2F3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$16K

$24 / participant

Recordkeeping$3K18.4%
Investment mgmt$8K50.1%
Other / not subdivided$5K31.5%

% of EOY assets

0.036%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: $4,988
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,888

$102,197-48.2%

$142,516-62.9%

$74,473-29.0%

Participation rate

97.3%

79.8%+17.4pp

76.8%+20.5pp

70.7%+26.5pp

Annual return

22.32%

19.73%+2.6pp

20.03%+2.3pp

34.36%-12.0pp

Employer contribution / active EE

$2,592

$5,052-48.7%

$4,849-46.6%

$2,638-1.8%

Participant deferral / active EE

$4,195

$6,304-33.5%

$6,280-33.2%

$4,530-7.4%

Admin fee / account holder

$19

$186-89.6%

$10,008-99.8%

$347-94.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.6 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,937

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$2,923

AMERIQUAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERIQUAL 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