Retirement plan

NEWLY WEDS FOODS, INC. CASH ACCUMULATION PLAN

Name: NEWLY WEDS FOOD, INC. - NEWLY WEDS FOODS, INC. CASH ACCUMULATION PLAN (2023) 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 2023

8550 W BRYN MAWR, SUITE 100 - CHICAGO, IL 60641312-343-9319newlywedsfoods.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$98.7M

+19.8% from 2022

Total participants

3,087

+0.3% from 2022

Average account balance

$82,629

+17.0% from 2022

Annual return

18.58%

+39.46 pp from 2022

Benchmarks

See 245 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort245 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
HARVEST INVESTMENT SERVICES, LLC2 years Filed as: HARVEST INVESTMENT SERVICES LLC Service code 16 1 TRANS AM PLAZA DRIVE · OAKBROOK TERRACE, IL 60181	Consulting	$27,000
RSM US LLP7 years Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$22,500
T ROWE PRICE RPS INC9+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$22,424

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$72K

$25 / participant

Recordkeeping$22K31.2%
Other / not subdivided$50K68.8%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

1 / 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: $22,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,629

$73,034+13.1%

$76,902+7.4%

$80,169+3.1%

Participation rate

35.0%

78.1%-43.1pp

69.6%-34.6pp

72.9%-37.9pp

Annual return

18.58%

18.56%0pp

37.91%-19.3pp

40.39%-21.8pp

Employer contribution / active EE

$2,779-100.0%

$2,534-100.0%

$2,978-100.0%

Participant deferral / active EE

$3,376

$4,140-18.5%

$3,833-11.9%

$5,016-32.7%

Admin fee / account holder

$60

$104-41.9%

$5,479-98.9%

$145-58.4%

Provider

Service type

Compensation

HARVEST INVESTMENT SERVICES, LLC2 years

Filed as: HARVEST INVESTMENT SERVICES LLC

Service code 16

1 TRANS AM PLAZA DRIVE · OAKBROOK TERRACE, IL 60181

Consulting

$27,000

RSM US LLP7 years

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$22,500

T ROWE PRICE RPS INC9+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$22,424

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