Retirement plan

BETTER MADE SNACK FOODS, INC. 401(K) PROFIT SHARING PLAN

Name: BETTER MADE SNACK FOODS, INC. - BETTER MADE SNACK FOODS, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: BETTER MADE SNACK FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETTER MADE SNACK FOODS, INC. 401(K) PROFIT SHARING PLAN, BETTER MADE SNACK FOODS, INC.

BETTER MADE SNACK FOODS, INC.EIN 38-0454150Plan #001PY 2017

10148 GRATIOT AVE - DETROIT, MI 482133211313-925-4774bmchips.comLinkedIn201-500 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7M

+26.3% from 2016

Total participants

+10.1% from 2016

Average account balance

$92,683

+19.6% from 2016

Annual return

10.84%

+14.47 pp from 2016

Benchmarks

See 2,342 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,342 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.91M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

112.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$840K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2694

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$515K

$6518 / participant

Other / not subdivided$515K100.0%

% of EOY assets

7.310%

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

$92,683

$56,544+63.9%

$75,501+22.8%

$70,126+32.2%

Participation rate

86.1%

68.1%+18.0pp

72.4%+13.7pp

69.5%+16.5pp

Annual return

10.84%

23.59%-12.7pp

27.35%-16.5pp

73.15%-62.3pp

Employer contribution / active EE

$1,934

$1,817+6.5%

$2,352-17.8%

$2,343-17.4%

Participant deferral / active EE

$3,365

$2,580+30.4%

$3,142+7.1%

$3,332+1.0%

Admin fee / account holder

$6,775

$3,827+77.1%

$5,801+16.8%

$4,645+45.8%

BETTER MADE SNACK FOODS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETTER MADE SNACK FOODS, INC. 401(K) PROFIT SHARING 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