Retirement plan

QUINCY FARM SUPPLY CO. RETIREMENT SAVINGS PLAN

Name: QUINCY FARM SUPPLY CO. - QUINCY FARM SUPPLY CO. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: QUINCY FARM SUPPLY CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUINCY FARM SUPPLY CO. RETIREMENT SAVINGS PLAN, QUINCY FARM SUPPLY CO.

QUINCY FARM SUPPLY CO.EIN 37-0801054Plan #002PY 2023

PO BOX 3745 - QUINCY, IL 623053745217-223-6970LinkedIn11-50 employeesindividual & family services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$4.4M

+11.8% from 2022

Total participants

348

+2.1% from 2022

Average account balance

$36,649

+16.4% from 2022

Annual return

16.69%

+29.93 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort266 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.05M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

139

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.

28.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$462K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 5 by compensation

Provider	Service type	Compensation
EDWARD JONES6 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$13,882
GRAY HUNTER STENN LLP5 years Service code 10 1200 HARGER RD · OAK BROOK, IL 60523	Accounting	$10,512
DIGITAL RETIREMENT SOLUTIONS, INC.9+ years Service code 13 · EIN 84-1477138	Contract Administrator	$2,878
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$500
JULY BUSINESS SERVICES1 year Service code 13 PO BOX 2208 · WACO, TX 767032208	Contract Administrator	$200

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$78 / participant

Investment mgmt$14K56.9%
Other / not subdivided$11K43.1%

% of EOY assets

0.550%

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: GRAY HUNTER STENN LLP
Auditor EIN: 363077757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,649

$49,940-26.6%

$95,740-61.7%

$74,460-50.8%

Participation rate

27.0%

66.8%-39.8pp

72.3%-45.3pp

70.7%-43.7pp

Annual return

16.69%

24.92%-8.2pp

28.41%-11.7pp

34.38%-17.7pp

Employer contribution / active EE

$389

$1,639-76.3%

$2,836-86.3%

$2,638-85.3%

Participant deferral / active EE

$975

$3,753-74.0%

$4,244-77.0%

$4,530-78.5%

Admin fee / account holder

$202

$300-32.8%

$5,676-96.4%

$348-42.0%

Provider

Service type

Compensation

EDWARD JONES6 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$13,882

GRAY HUNTER STENN LLP5 years

Service code 10

1200 HARGER RD · OAK BROOK, IL 60523

Accounting

$10,512

DIGITAL RETIREMENT SOLUTIONS, INC.9+ years

Service code 13 · EIN 84-1477138

Contract Administrator

$2,878

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$500

JULY BUSINESS SERVICES1 year

Service code 13

PO BOX 2208 · WACO, TX 767032208

Contract Administrator

$200

QUINCY FARM SUPPLY CO. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUINCY FARM SUPPLY CO. RETIREMENT 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