Retirement plan

DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473

Name: DANIELS FOODS, INC. - DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473 (2015) Form 5500
Creator: DANIELS FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473, DANIELS FOODS, INC.

DANIELS FOODS, INC.EIN 39-0970377Plan #005PY 2015

PO BOX 810 - WALWORTH, WI 531840810262-275-0458

Other plans on this EIN

1 filing

#004Retirement-$3.9M assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$446K

No prior year

Total participants

No prior year

Average account balance

$9,103

No prior year

Annual return

-0.89%

No prior year

Benchmarks

See 8,867 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort8,867 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$792K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

144.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1499

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 codes2E2F2G2J3H3D2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$22K

$470 / participant

Other / not subdivided$22K100.0%

% of EOY assets

4.956%

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

$9,103

$45,566-80.0%

$64,105-85.8%

$59,633-84.7%

Participation rate

91.5%

60.2%+31.3pp

68.2%+23.3pp

68.7%+22.8pp

Annual return

-0.89%

4.95%-5.8pp

791.24%-792.1pp

2041.45%-2042.3pp

Employer contribution / active EE

$710

$934-24.0%

$1,820-61.0%

$2,203-67.8%

Participant deferral / active EE

$1,024

$2,057-50.2%

$2,822-63.7%

$3,192-67.9%

Admin fee / account holder

$451

$3,268-86.2%

$4,499-90.0%

$4,297-89.5%

DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473

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