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 (2018) 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 2018

P.O. BOX 218, 39015 BRANCH AVENUE - NORTH BRANCH, MN 550560218651-674-4425LinkedIn51-200 employeesfarming

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$5.2M

+4.7% from 2017

Total participants

-12.0% from 2017

Average account balance

$118,238

+16.6% from 2017

Annual return

5.28%

-4.75 pp from 2017

Benchmarks

See 2,390 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,390 peers

Snapshot2018

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

$112K

$3602 / participant

Other / not subdivided$112K100.0%

% of EOY assets

2.147%

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

$118,238

$54,726+116.1%

$68,793+71.9%

$64,181+84.2%

Participation rate

100.0%

68.0%+32.0pp

72.2%+27.8pp

69.6%+30.4pp

Annual return

5.28%

-1.62%+6.9pp

-4.63%+9.9pp

7.63%-2.4pp

Employer contribution / active EE

$1,657

$1,846-10.2%

$2,625-36.9%

$2,381-30.4%

Participant deferral / active EE

$175

$2,626-93.3%

$3,311-94.7%

$3,470-95.0%

Admin fee / account holder

$2,538

$4,027-37.0%

$5,131-50.5%

$4,887-48.1%

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