Retirement plan

NEWLY WEDS FOODS, INC. CASH ACCUMULATION PLAN

Name: NEWLY WEDS FOOD, INC. - NEWLY WEDS FOODS, INC. CASH ACCUMULATION PLAN (2017) Form 5500
Creator: NEWLY WEDS FOOD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWLY WEDS FOODS, INC. CASH ACCUMULATION PLAN, NEWLY WEDS FOOD, INC.

NEWLY WEDS FOOD, INC.EIN 36-1546460Plan #003PY 2017

4140 W FULLERTON AVE - CHICAGO, IL 606392106312-343-9319newlywedsfoods.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$57.2M

+19.9% from 2016

Total participants

2,089

-0.8% from 2016

Average account balance

$55,130

+35.6% from 2016

Annual return

18.89%

+13.03 pp from 2016

Benchmarks

See 215 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort215 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$111.33M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

1,154

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.

33.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.77M

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$23,542
INDEPENDENT FINANCIAL PARTNERS3+ years Service code 27 3030 N. ROCKY POINT DRIVE W · TAMPA, FL 33607	Advisory (Plan)	$22,500
RSM US LLP1 year Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$13,500
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS INC. Service code 27 3030 N ROCKY POINT DR WEST · TAMPA, FL 33607	Advisory (Plan)	$7,500

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$67K

$34 / participant

Investment mgmt$30K44.7%
Other / not subdivided$37K55.3%

% of EOY assets

0.117%

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: RSM US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,130

$123,286-55.3%

$75,501-27.0%

$77,958-29.3%

Participation rate

47.3%

78.8%-31.5pp

72.4%-25.1pp

71.6%-24.4pp

Annual return

18.89%

20.45%-1.6pp

27.35%-8.5pp

20.87%-2.0pp

Employer contribution / active EE

$2,035-100.0%

$2,352-100.0%

$2,310-100.0%

Participant deferral / active EE

$1,677

$3,095-45.8%

$3,142-46.6%

$3,537-52.6%

Admin fee / account holder

$65

$144-55.2%

$5,801-98.9%

$97-33.7%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$23,542

INDEPENDENT FINANCIAL PARTNERS3+ years

Service code 27

3030 N. ROCKY POINT DRIVE W · TAMPA, FL 33607

Advisory (Plan)

$22,500

RSM US LLP1 year

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$13,500

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS INC.

Service code 27

3030 N ROCKY POINT DR WEST · TAMPA, FL 33607

Advisory (Plan)

$7,500

NEWLY WEDS FOODS, INC. CASH ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWLY WEDS FOODS, INC. CASH ACCUMULATION 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