Retirement plan

CHELSEA MILLING COMPANY CHELSEA DIVISION PROFIT-SHARING AND 401(K) RETIREMENT PLAN

Name: CHELSEA MILLING COMPANY - CHELSEA MILLING COMPANY CHELSEA DIVISION PROFIT-SHARING AND 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: CHELSEA MILLING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHELSEA MILLING COMPANY CHELSEA DIVISION PROFIT-SHARING AND 401(K) RETIREMENT PLAN, CHELSEA MILLING COMPANY

CHELSEA MILLING COMPANYEIN 38-0415770Plan #001PY 2016

201 WEST NORTH STREET - CHELSEA, MI 48118734-475-1361jiffymix.comLinkedIn201-500 employeesfood production

Other plans on this EIN

1 filing

#002Retirement-$1.5M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$42M

+3.8% from 2015

Total participants

334

-2.6% from 2015

Average account balance

$128,535

+7.0% from 2015

Annual return

7.85%

+7.74 pp from 2015

Benchmarks

See 682 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort682 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.79M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

399

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$22,828
CAPFINANCIAL PARTNERS LLC2+ years Filed as: CAPTRUST Service code 27 · EIN 20-2714559	Advisory (Plan)	$15,000
DOEREN MAYHEW2+ years Service code 10 · EIN 38-2492570	Accounting	$9,300
MID ATLANTIC CAPITAL CORPORATION2+ years Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2S2T3D3H

Plan features

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$158 / participant

Investment mgmt$15K31.8%
Other / not subdivided$32K68.2%

% of EOY assets

0.112%

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: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$128,535

$50,106+156.5%

$69,779+84.2%

$57,658+122.9%

Participation rate

97.7%

70.9%+26.8pp

71.8%+25.8pp

70.2%+27.4pp

Annual return

7.85%

14.58%-6.7pp

12.99%-5.1pp

5.13%+2.7pp

Employer contribution / active EE

$2,986

$1,739+71.6%

$2,338+27.7%

$1,974+51.3%

Participant deferral / active EE

$4,011

$2,486+61.4%

$2,931+36.9%

$3,061+31.1%

Admin fee / account holder

$144

$89+61.6%

$4,381-96.7%

$95+52.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$22,828

CAPFINANCIAL PARTNERS LLC2+ years

Filed as: CAPTRUST

Service code 27 · EIN 20-2714559

Advisory (Plan)

$15,000

DOEREN MAYHEW2+ years

Service code 10 · EIN 38-2492570

Accounting

$9,300

MID ATLANTIC CAPITAL CORPORATION2+ years

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

CHELSEA MILLING COMPANY CHELSEA DIVISION PROFIT-SHARING AND 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHELSEA MILLING COMPANY CHELSEA DIVISION PROFIT-SHARING AND 401(K) RETIREMENT 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