Retirement plan

PETERSON'S NORTH BRANCH MILL, INC. PROFIT SHARING PLAN

Name: PETERSON'S NORTH BRANCH MILL, INC. - PETERSON'S NORTH BRANCH MILL, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: PETERSON'S NORTH BRANCH MILL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETERSON'S NORTH BRANCH MILL, INC. PROFIT SHARING PLAN, PETERSON'S NORTH BRANCH MILL, INC.

PETERSON'S NORTH BRANCH MILL, INC.EIN 41-0832364Plan #001PY 2016

39015 BRANCH AVENUE - NORTH BRANCH, MN 55056651-674-4425LinkedIn51-200 employeesfarming

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$4.8M

No prior year

Total participants

No prior year

Average account balance

$101,994

No prior year

Annual return

7.21%

No prior year

Benchmarks

See 2,310 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,310 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.77M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

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

+5.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47869

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 codes2E2J2H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$138K

$4063 / participant

Other / not subdivided$138K100.0%

% of EOY assets

2.882%

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

$101,994

$52,306+95.0%

$69,779+46.2%

$62,881+62.2%

Participation rate

94.1%

67.2%+26.9pp

71.8%+22.3pp

69.3%+24.8pp

Annual return

7.21%

13.35%-6.1pp

12.99%-5.8pp

20.14%-12.9pp

Employer contribution / active EE

$1,520

$1,799-15.5%

$2,338-35.0%

$2,281-33.3%

Participant deferral / active EE

$169

$2,395-92.9%

$2,931-94.2%

$3,203-94.7%

Admin fee / account holder

$2,939

$3,691-20.4%

$4,381-32.9%

$4,296-31.6%

PETERSON'S NORTH BRANCH MILL, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERSON'S NORTH BRANCH MILL, INC. 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