Retirement plan

UPPER LAKES FOODS, INC. RETIREMENT SAVINGS PLAN

Name: UPPER LAKES FOODS, INC. - UPPER LAKES FOODS, INC. RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: UPPER LAKES FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER LAKES FOODS, INC. RETIREMENT SAVINGS PLAN, UPPER LAKES FOODS, INC.

UPPER LAKES FOODS, INC.EIN 41-0915145Plan #001PY 2016

801 INDUSTRY AVE - CLOQUET, MN 557201635218-879-1265upperlakesfoods.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$16.6M

No prior year

Total participants

269

No prior year

Average account balance

$74,551

No prior year

Annual return

-1.79%

No prior year

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.85M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

613

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$107

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$7,387
TOSCANO, GREGORY T.1+ years Service code 49 302 W SUPERIOR ST · DULUTH, MN 558025120	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$30 / participant

Contract admin$7K100.0%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

1 / 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: LICARI,LARSEN & CO. LTD
Auditor EIN: 411806729
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,551

$63,924+16.6%

$108,582-31.3%

$55,167+35.1%

Participation rate

81.2%

74.3%+6.9pp

79.6%+1.7pp

69.0%+12.2pp

Annual return

-1.79%

15.31%-17.1pp

-51.70%+49.9pp

169.23%-171.0pp

Employer contribution / active EE

$1,245

$1,879-33.8%

$3,758-66.9%

$1,963-36.6%

Participant deferral / active EE

$2,166

$3,067-29.4%

$4,311-49.7%

$3,054-29.1%

Admin fee / account holder

$33

$618-94.6%

$7,645-99.6%

$504-93.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$7,387

TOSCANO, GREGORY T.1+ years

Service code 49

302 W SUPERIOR ST · DULUTH, MN 558025120

Other Services

UPPER LAKES FOODS, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER LAKES FOODS, INC. RETIREMENT SAVINGS 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