Retirement plan

BURNS BROTHERS PRODUCE, INC. EMPLOYEES PROFIT SHARING PLAN

Name: BURNS PRODUCE, LLC DBA BURNS BROTHERS PRODUCE - BURNS BROTHERS PRODUCE, INC. EMPLOYEES PROFIT SHARING PLAN (2018) Form 5500
Creator: BURNS PRODUCE, LLC DBA BURNS BROTHERS PRODUCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURNS BROTHERS PRODUCE, INC. EMPLOYEES PROFIT SHARING PLAN, BURNS PRODUCE, LLC DBA BURNS BROTHERS PRODUCE

BURNS PRODUCE, LLC DBA BURNS BROTHERS PRODUCEEIN 38-2032624Plan #001PY 2018

3545 BUSCH DR SW - GRANDVILLE, MI 494180000616-257-7745

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3.1M

-0.4% from 2017

Total participants

+25.0% from 2017

Average account balance

$308,262

-20.3% from 2017

Annual return

-3.33%

-18.02 pp from 2017

Benchmarks

See 22,375 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,375 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.37M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1407

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$68K

$8522 / participant

Other / not subdivided$68K100.0%

% of EOY assets

2.211%

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

$308,262

$135,639+127.3%

$110,241+179.6%

$135,382+127.7%

Participation rate

100.0%

83.5%+16.5pp

79.8%+20.2pp

82.6%+17.4pp

Annual return

-3.33%

513.21%-516.5pp

314.75%-318.1pp

519.77%-523.1pp

Employer contribution / active EE

$9,693

$4,907+97.6%

$3,827+153.3%

$4,779+102.8%

Participant deferral / active EE

$6,505

$5,507+18.1%

$4,672+39.2%

$5,609+16.0%

Admin fee / account holder

$6,817

$11,457-40.5%

$8,548-20.2%

$10,829-37.0%

BURNS BROTHERS PRODUCE, INC. EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURNS BROTHERS PRODUCE, INC. EMPLOYEES 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