Retirement plan

ALLIANCE FOODS INC PROFIT-SHARING PLAN

Name: ALLIANCE FOODS INC - ALLIANCE FOODS INC PROFIT-SHARING PLAN (2016) Form 5500
Creator: ALLIANCE FOODS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLIANCE FOODS INC PROFIT-SHARING PLAN, ALLIANCE FOODS INC

ALLIANCE FOODS INCEIN 38-0692130Plan #002PY 2016

605 W CHICAGO STREET - COLDWATER, MI 490362060517-278-2396alliance-foods.comLinkedIn11-50 employeesconsumer goods

Other plans on this EIN

2 filings

#003Retirement-$4.6M assets #001Retirement-$1.2M assets

Prospect flagsLow returnsHigh feesLow assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 6, 2001

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$2.8M

No prior year

Total participants

118

No prior year

Average account balance

$24,722

No prior year

Annual return

1.16%

No prior year

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.25M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

246.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$180K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13645

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC1+ years Filed as: CAPTRUST Service code 19 · EIN 26-0058143 8031 M-15 · CLARKSTON, MI 48348	Securities Custodian	$18,785
WATKINS ROSS1+ years Filed as: WATKINS, ROSS Service code 15 · EIN 38-1477362 200 OTTAWA AVE NW · GRAND RAPIDS, MI 49503	Recordkeeping	$15,504
RSM US LLP1+ years Filed as: RSM Service code 10 · EIN 42-0714325 331 WEST 3RD STREET · DAVENPORT, IA 52801	Accounting	$4,100
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST CO Service code 18 · EIN 42-1558009	Trustee (directed); Custodial (other ...	$2,732

Plan features & details

Pension benefit codes2E2G2J2K2T3D2F

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.

Opportunity flags

4 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$35K

$485 / participant

Investment mgmt$35K100.0%

% of EOY assets

1.267%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,722

$69,977-64.7%

$108,582-77.2%

$62,881-60.7%

Participation rate

93.2%

72.9%+20.3pp

79.6%+13.6pp

69.3%+23.8pp

Annual return

1.16%

10.73%-9.6pp

-51.70%+52.9pp

20.14%-19.0pp

Employer contribution / active EE

$605

$2,135-71.6%

$3,758-83.9%

$2,281-73.5%

Participant deferral / active EE

$3,107

$3,165-1.8%

$4,311-27.9%

$3,203-3.0%

Admin fee / account holder

$313

$5,076-93.8%

$7,645-95.9%

$4,296-92.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC1+ years

Filed as: CAPTRUST

Service code 19 · EIN 26-0058143

8031 M-15 · CLARKSTON, MI 48348

Securities Custodian

$18,785

WATKINS ROSS1+ years

Filed as: WATKINS, ROSS

Service code 15 · EIN 38-1477362

200 OTTAWA AVE NW · GRAND RAPIDS, MI 49503

Recordkeeping

$15,504

RSM US LLP1+ years

Filed as: RSM

Service code 10 · EIN 42-0714325

331 WEST 3RD STREET · DAVENPORT, IA 52801

Accounting

$4,100

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB TRUST CO

Service code 18 · EIN 42-1558009

Trustee (directed); Custodial (other ...

$2,732

ALLIANCE FOODS INC PROFIT-SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIANCE FOODS INC PROFIT-SHARING PLAN

Top hat statement on fileNQDC

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