Retirement plan

POLLY'S FOOD SERVICE AND AFFILIATES EMPLOYEES' RETIREMENT PLAN

Name: POLLY'S FOOD SERVICE, INC. - POLLY'S FOOD SERVICE AND AFFILIATES EMPLOYEES' RETIREMENT PLAN (2017) 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 AND AFFILIATES EMPLOYEES' RETIREMENT PLAN, POLLY'S FOOD SERVICE, INC.

POLLY'S FOOD SERVICE, INC.EIN 38-0935150Plan #001PY 2017

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

Prospect flagsLow participant contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+8.0% from 2016

Total participants

236

-0.4% from 2016

Average account balance

$25,417

+6.0% from 2016

Annual return

14.25%

+7.93 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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 2 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC3+ years Filed as: CAPTRUST INVESTMENT ADVISORS Service code 27 8031 M-15 · CLARKSTON, MI 48348	Advisory (Plan)	$17,906
FREEDOM ONE RETIREMENT SERVICES LLC3+ years Service code 64 8031 M-15 · CLARKSTON, MI 48348	Recordkeeping Fees	$11,722

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$32K

$157 / participant

Investment mgmt$18K56.1%
Contract admin$12K36.8%
Other / not subdivided$2K7.1%

% of EOY assets

0.570%

all-in expense ratio

Categories reported

2 / 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: BOND & COMPANY
Auditor EIN: 470899021
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,417

$51,466-50.6%

$78,778-67.7%

$62,293-59.2%

Participation rate

92.1%

59.8%+32.3pp

69.2%+22.9pp

69.5%+22.6pp

Annual return

14.25%

19.96%-5.7pp

35.62%-21.4pp

28.90%-14.6pp

Employer contribution / active EE

$985

$827+19.1%

$1,986-50.4%

$2,042-51.8%

Participant deferral / active EE

$671

$2,147-68.8%

$2,958-77.3%

$3,169-78.8%

Admin fee / account holder

$145

$489-70.4%

$5,134-97.2%

$479-69.8%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC3+ years

Filed as: CAPTRUST INVESTMENT ADVISORS

Service code 27

8031 M-15 · CLARKSTON, MI 48348

Advisory (Plan)

$17,906

FREEDOM ONE RETIREMENT SERVICES LLC3+ years

Service code 64

8031 M-15 · CLARKSTON, MI 48348

Recordkeeping Fees

$11,722

POLLY'S FOOD SERVICE AND AFFILIATES EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POLLY'S FOOD SERVICE AND 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