Retirement plan

POLLY'S FOOD SERVICE & AFFILIATES EMPLOYEES' RETIREMENT PLAN

Name: POLLY'S FOOD SERVICE, INC. - POLLY'S FOOD SERVICE & AFFILIATES EMPLOYEES' RETIREMENT PLAN (2024) Form 5500
Creator: POLLY'S FOOD SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POLLY'S FOOD SERVICE & AFFILIATES EMPLOYEES' RETIREMENT PLAN, POLLY'S FOOD SERVICE, INC.

POLLY'S FOOD SERVICE, INC.EIN 38-0935150Plan #001PY 2024

1821 SPRING ARBOR RD. - JACKSON, MI 492032703517-787-6081LinkedIn1-10 employeessupermarkets

Prospect flagsLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$6.7M

+9.4% from 2023

Total participants

217

0.0% from 2023

Average account balance

$36,487

+23.2% from 2023

Annual return

14.05%

-2.26 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.68M

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.

183

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$278K

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

+14.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 3 by compensation

Provider	Service type	Compensation
DILLON AND ASSOCIATES2 years Filed as: DILLON ASSOCIATES Service code 27 · EIN 38-2772510	Advisory (Plan)	$18,809
SENTINEL PENSION ADVISORS3 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$18,693
CHARLES SCHWAB & CO., INC.4 years Service code 19 · EIN 94-1737782	Securities Custodian	$2,257

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$205 / participant

Recordkeeping$19K47.0%
Trustee / custodial$2K4.7%
Investment mgmt$19K47.3%
Other / not subdivided$3901.0%

% of EOY assets

0.595%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MANER COSTERISAN
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,487

$59,448-38.6%

$93,696-61.1%

$74,459-51.0%

Participation rate

82.5%

59.6%+22.8pp

68.7%+13.8pp

67.2%+15.3pp

Annual return

14.05%

82.11%-68.1pp

133.74%-119.7pp

1369.70%-1355.7pp

Employer contribution / active EE

$729

$1,266-42.5%

$2,422-69.9%

$2,626-72.3%

Participant deferral / active EE

$705

$3,052-76.9%

$4,417-84.0%

$4,350-83.8%

Admin fee / account holder

$217

$3,027-92.8%

$8,287-97.4%

$1,945-88.8%

Provider

Service type

Compensation

DILLON AND ASSOCIATES2 years

Filed as: DILLON ASSOCIATES

Service code 27 · EIN 38-2772510

Advisory (Plan)

$18,809

SENTINEL PENSION ADVISORS3 years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$18,693

CHARLES SCHWAB & CO., INC.4 years

Service code 19 · EIN 94-1737782

Securities Custodian

$2,257

POLLY'S FOOD SERVICE & AFFILIATES EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POLLY'S FOOD SERVICE & AFFILIATES EMPLOYEES' 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