Retirement plan

AGRI-KING, INC. 401(K) PLAN

Name: AGRI-KING, INC. - AGRI-KING, INC. 401(K) PLAN (2019) Form 5500
Creator: AGRI-KING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGRI-KING, INC. 401(K) PLAN, AGRI-KING, INC.

AGRI-KING, INC.EIN 36-2658062Plan #002PY 2019

P.O. BOX 208, 18246 WALLER ROAD - FULTON, IL 61252815-589-2525agriking.comLinkedIn201-500 employeesfarming

Other plans on this EIN

1 filing

#001Retirement-$15.4M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6.2M

+11.2% from 2018

Total participants

185

-1.1% from 2018

Average account balance

$50,550

+14.0% from 2018

Annual return

10.63%

+9.90 pp from 2018

Benchmarks

See 470 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort470 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.43M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

112

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$714K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$19,381
IFP ADVISORS INC DBA INDEPENDENT FI2 years Filed as: IFP ADVISORS, INC. Service code 26 DBA INDEPENDENT FINANCIAL PARTNER · TAMPA, FL 33607	Advisory (Participants)	$18,055
NEWPORT GROUP, INC.1 year Service code 26 · EIN 27-2037969 5700 WESTOWN PARKWAY · WEST DES MOINES, IA 50266	Advisory (Participants)	$7,688

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$17K

$98 / participant

Investment mgmt$17K100.0%

% of EOY assets

0.280%

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: SITRICK & ASSOCIATES, LLC
Auditor EIN: 421192621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,550

$54,045-6.5%

$115,167-56.1%

$65,186-22.5%

Participation rate

64.4%

63.5%+0.9pp

75.9%-11.5pp

70.2%-5.8pp

Annual return

10.63%

26.55%-15.9pp

35.60%-25.0pp

29.39%-18.8pp

Employer contribution / active EE

$1,653-100.0%

$3,179-100.0%

$2,177-100.0%

Participant deferral / active EE

$2,646

$2,504+5.7%

$4,169-36.5%

$3,514-24.7%

Admin fee / account holder

$142

$626-77.3%

$7,089-98.0%

$847-83.3%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$19,381

IFP ADVISORS INC DBA INDEPENDENT FI2 years

Filed as: IFP ADVISORS, INC.

Service code 26

DBA INDEPENDENT FINANCIAL PARTNER · TAMPA, FL 33607

Advisory (Participants)

$18,055

NEWPORT GROUP, INC.1 year

Service code 26 · EIN 27-2037969

5700 WESTOWN PARKWAY · WEST DES MOINES, IA 50266

Advisory (Participants)

$7,688

AGRI-KING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGRI-KING, INC. 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