Retirement plan

REQUEST FOODS, INC. PROFIT SHARING AND SAVINGS PLAN

Name: REQUEST FOODS, INC. - REQUEST FOODS, INC. PROFIT SHARING AND SAVINGS PLAN (2019) Form 5500
Creator: REQUEST FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REQUEST FOODS, INC. PROFIT SHARING AND SAVINGS PLAN, REQUEST FOODS, INC.

REQUEST FOODS, INC.EIN 38-2908992Plan #001PY 2019

P.O. BOX 2577, 3460 JOHN F. DONNELLY DR. - HOLLAND, MI 494222577616-786-0900requestfoods.comLinkedIn501-1000 employeesfood production

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed October 9, 2020 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

P.O. Box 2577, 3460 John F. Donnelly Drive

Holland, MI 49422

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Plans declared (1)

Request Foods, Inc. Long Term Incentive Plan9 emp

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Total assets (EOY)

$67.7M

+8.6% from 2018

Total participants

958

-1.9% from 2018

Average account balance

$70,650

+9.5% from 2018

Annual return

4.35%

-4.05 pp from 2018

Benchmarks

See 263 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort263 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$120.80M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

1,298

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$83,180
STIFEL NICOLAUS & CO INC2 years Filed as: STIFEL NICOLAUS & COMPANY Service code 27 · EIN 43-0538770	Advisory (Plan)	$24,552

Plan features & details

Pension benefit codes2E2F2G2J2K2T2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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

$108K

$131 / participant

Other / not subdivided$108K100.0%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

0 / 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: VANDERPLOEG, BERGAKKER & ASSOCIATES
Auditor EIN: 382445537
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,650

$44,734+57.9%

$99,479-29.0%

$67,582+4.5%

Participation rate

100.0%

66.2%+33.8pp

73.8%+26.2pp

71.3%+28.7pp

Annual return

4.35%

32.45%-28.1pp

30.72%-26.4pp

378.57%-374.2pp

Employer contribution / active EE

$4,135

$1,261+228.0%

$2,540+62.8%

$2,148+92.5%

Participant deferral / active EE

$3,147

$2,731+15.2%

$3,619-13.0%

$3,539-11.1%

Admin fee / account holder

$112

$120-6.0%

$6,253-98.2%

$142-21.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$83,180

STIFEL NICOLAUS & CO INC2 years

Filed as: STIFEL NICOLAUS & COMPANY

Service code 27 · EIN 43-0538770

Advisory (Plan)

$24,552

REQUEST FOODS, INC. PROFIT SHARING AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REQUEST FOODS, INC. PROFIT SHARING AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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