Retirement plan

FAIR OAKS FOODS, LLC EMPLOYEES' RETIREMENT & SAVINGS PLAN

Name: FAIR OAKS FOODS, LLC - FAIR OAKS FOODS, LLC EMPLOYEES' RETIREMENT & SAVINGS PLAN (2024) Form 5500
Creator: FAIR OAKS FOODS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIR OAKS FOODS, LLC EMPLOYEES' RETIREMENT & SAVINGS PLAN, FAIR OAKS FOODS, LLC

FAIR OAKS FOODS, LLCEIN 39-1915545Plan #001PY 2024

7600 95TH STREET - PLEASANT PRAIRIE, WI 53158262-947-0320LinkedIn201-500 employeesfood production

Other plans on this EIN

1 filing

#002Retirement-$20K assets

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed August 1, 2025

Plan administrator

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7600 95th Street

Pleasant Prairie, WI 53158

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Plans declared (1)

Fair Oaks Foods Long-Term Incentive Plan5 emp

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Total assets (EOY)

$8.4M

+10.1% from 2023

Total participants

127

-3.1% from 2023

Average account balance

$70,020

+13.8% from 2023

Annual return

10.65%

-4.50 pp from 2023

Benchmarks

See 2,591 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,591 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.40M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

120

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$20,480
THE BANK OF NEW YORK MELLON1 year Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085	Advisory (Plan)	$19,553
ASCENSUS LLC1 year Filed as: MAP RETIREMENT USA, LLC Service code 15 · EIN 86-3678481	Recordkeeping	$4,400
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$167

Plan features & details

Pension benefit codes2E2J2K2F2G2S2T3D

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.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$469 / participant

Contract admin$45K100.0%

% of EOY assets

0.531%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,020

$63,773+9.8%

$81,286-13.9%

$80,925-13.5%

Participation rate

92.6%

63.9%+28.7pp

69.5%+23.1pp

67.7%+25.0pp

Annual return

10.65%

16.37%-5.7pp

24.80%-14.1pp

35.65%-25.0pp

Employer contribution / active EE

$4,376

$1,979+121.1%

$2,463+77.7%

$2,756+58.8%

Participant deferral / active EE

$6,557

$3,093+112.0%

$3,883+68.9%

$4,299+52.5%

Admin fee / account holder

$372

$5,682-93.5%

$5,764-93.6%

$6,940-94.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$20,480

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK OF AMERICA NA

Service code 27 · EIN 13-5674085

Advisory (Plan)

$19,553

ASCENSUS LLC1 year

Filed as: MAP RETIREMENT USA, LLC

Service code 15 · EIN 86-3678481

Recordkeeping

$4,400

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$167

FAIR OAKS FOODS, LLC EMPLOYEES' RETIREMENT & 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

FAIR OAKS FOODS, LLC EMPLOYEES' RETIREMENT & 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