Retirement plan

SCHWARTZ FARMS, INC. 401(K) PROFIT SHARING PLAN

Name: SCHWARTZ FARMS, INC. - SCHWARTZ FARMS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: SCHWARTZ FARMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHWARTZ FARMS, INC. 401(K) PROFIT SHARING PLAN, SCHWARTZ FARMS, INC.

SCHWARTZ FARMS, INC.EIN 41-1595998Plan #001PY 2016

32296 190TH ST - SLEEPY EYE, MN 56085507-794-5779schwartzfarms.comLinkedIn201-500 employeesfarming

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.4M

No prior year

Total participants

379

No prior year

Average account balance

$32,671

No prior year

Annual return

6.56%

No prior year

Benchmarks

See 233 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort233 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$41.47M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

553

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIRST MERCENTILE TRUST COMPANY1+ years Service code 12 · EIN 62-0951563	Trustee (bank, trust company, or simi...	$47,834
FIRST MERCANTILE TRUST COMPANY2+ years Service code 12	Claims processing; Recordkeeping and ...	$29,111
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$50K

$145 / participant

Investment mgmt$50K100.0%

% of EOY assets

0.484%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410740749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,671

$46,761-30.1%

$106,619-69.4%

$57,658-43.3%

Participation rate

82.1%

56.9%+25.2pp

78.0%+4.1pp

70.2%+11.9pp

Annual return

6.56%

15.77%-9.2pp

9.42%-2.9pp

5.13%+1.4pp

Employer contribution / active EE

$1,791

$1,274+40.6%

$3,947-54.6%

$1,974-9.3%

Participant deferral / active EE

$2,478

$1,954+26.8%

$3,930-37.0%

$3,061-19.1%

Admin fee / account holder

$158

$97+63.6%

$6,418-97.5%

$95+67.4%

Provider

Service type

Compensation

FIRST MERCENTILE TRUST COMPANY1+ years

Service code 12 · EIN 62-0951563

Trustee (bank, trust company, or simi...

$47,834

FIRST MERCANTILE TRUST COMPANY2+ years

Service code 12

Claims processing; Recordkeeping and ...

$29,111

ADP BROKER-DEALER1+ years

Service code 49 · EIN 22-3319984

Other Services

SCHWARTZ FARMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHWARTZ FARMS, INC. 401(K) 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