Retirement plan

FIELDS PROFIT SHARING AND SAVINGS PLAN

Name: M. E. FIELDS, INC. - FIELDS PROFIT SHARING AND SAVINGS PLAN (2024) Form 5500
Creator: M. E. FIELDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIELDS PROFIT SHARING AND SAVINGS PLAN, M. E. FIELDS, INC.

M. E. FIELDS, INC.EIN 36-2713672Plan #001PY 2024

700 FRONTAGE ROAD - NORTHFIELD, IL 60093847-441-5300

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$95.1M

+13.2% from 2023

Total participants

2,280

+11.7% from 2023

Average account balance

$87,670

+5.7% from 2023

Annual return

14.47%

-3.99 pp from 2023

Benchmarks

See 391 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort391 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$95.12M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

1,085

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.

42.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.03M

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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
MORGAN STANLEY SMITH BARNEY6 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 20-8764829	Advisory (Plan)	$137,955
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$117,121
MILLER COOPER & CO LTD4 years Filed as: MILLER COOPER & CO., LTD Service code 10 · EIN 36-2897372	Accounting	$11,000

Plan features & details

Pension benefit codes2E2G2J2K3D3H2T

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$266K

$127 / participant

Investment mgmt$138K51.8%
Contract admin$117K44.0%
Other / not subdivided$11K4.1%

% of EOY assets

0.280%

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: MILLER COOPER & CO LTD
Auditor EIN: 362897372
Audit fees: $11,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,670

$48,744+79.9%

$93,696-6.4%

$199,960-56.2%

Participation rate

42.7%

63.7%-20.9pp

68.7%-26.0pp

72.0%-29.3pp

Annual return

14.47%

15.36%-0.9pp

133.74%-119.3pp

34.28%-19.8pp

Employer contribution / active EE

$651

$1,140-42.9%

$2,422-73.1%

$3,036-78.5%

Participant deferral / active EE

$3,677

$2,825+30.2%

$4,417-16.8%

$5,087-27.7%

Admin fee / account holder

$245

$195+25.6%

$8,287-97.0%

$269-8.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 20-8764829

Advisory (Plan)

$137,955

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$117,121

MILLER COOPER & CO LTD4 years

Filed as: MILLER COOPER & CO., LTD

Service code 10 · EIN 36-2897372

Accounting

$11,000

FIELDS PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIELDS PROFIT SHARING AND SAVINGS 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