Retirement plan

CHELSEA MILLING COMPANY C&S CARTON DIVISION EMPLOYEES PROFIT-SHARING AND 401(K) PLAN

Name: CHELSEA MILLING COMPANY - CHELSEA MILLING COMPANY C&S CARTON DIVISION EMPLOYEES PROFIT-SHARING AND 401(K) PLAN (2017) Form 5500
Creator: CHELSEA MILLING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHELSEA MILLING COMPANY C&S CARTON DIVISION EMPLOYEES PROFIT-SHARING AND 401(K) PLAN, CHELSEA MILLING COMPANY

CHELSEA MILLING COMPANYEIN 38-0415770Plan #002PY 2017

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

Other plans on this EIN

1 filing

#001Retirement-$47.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+9.7% from 2016

Total participants

0.0% from 2016

Average account balance

$149,522

+19.7% from 2016

Annual return

16.13%

+6.93 pp from 2016

Benchmarks

See 3,171 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,171 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$764K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

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.

107.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16831

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$145K

$11117 / participant

Other / not subdivided$145K100.0%

% of EOY assets

8.787%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,522

$100,901+48.2%

$75,501+98.0%

$147,586+1.3%

Participation rate

76.9%

77.1%-0.2pp

72.4%+4.6pp

82.8%-5.9pp

Annual return

16.13%

35.78%-19.7pp

27.35%-11.2pp

578.59%-562.5pp

Employer contribution / active EE

$2,376

$3,253-27.0%

$2,352+1.0%

$4,876-51.3%

Participant deferral / active EE

$1,193

$4,027-70.4%

$3,142-62.0%

$5,439-78.1%

Admin fee / account holder

$13,138

$11,285+16.4%

$5,801+126.5%

$10,886+20.7%

CHELSEA MILLING COMPANY C&S CARTON DIVISION EMPLOYEES PROFIT-SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHELSEA MILLING COMPANY C&S CARTON DIVISION EMPLOYEES PROFIT-SHARING AND 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