Retirement plan

FREMONT FARMS OF IOWA 401(K) PLAN

Name: FREMONT FARMS OF IOWA, LLP - FREMONT FARMS OF IOWA 401(K) PLAN (2016) Form 5500
Creator: FREMONT FARMS OF IOWA, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FREMONT FARMS OF IOWA 401(K) PLAN, FREMONT FARMS OF IOWA, LLP

FREMONT FARMS OF IOWA, LLPEIN 42-1475612Plan #001PY 2016

3868 110TH ST - MALCOM, IA 501578093641-528-3447fremontfarms.comLinkedIn51-200 employeesfood production

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.1M

+6.5% from 2015

Total participants

165

+28.9% from 2015

Average account balance

$54,181

-32.7% from 2015

Annual return

6.53%

+6.18 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.22M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

28.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$485K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8104

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
TIMMINS, JACOBSEN & STRAWHACKER, LL1 year Filed as: TIMMINS, JACOBSEN, & STR Service code 10 · EIN 42-0721983	Accounting	$16,400
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$304
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$53 / participant

Contract admin$3043.5%
Other / not subdivided$8K96.5%

% of EOY assets

0.423%

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: TIMMINS, JACOBSEN & STRAWHACKER LLP
Auditor EIN: 420721983
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,181

$50,643+7.0%

$106,619-49.2%

$55,167-1.8%

Participation rate

22.1%

65.6%-43.5pp

78.0%-55.9pp

69.0%-46.9pp

Annual return

6.53%

7.02%-0.5pp

9.42%-2.9pp

169.23%-162.7pp

Employer contribution / active EE

$516

$1,626-68.2%

$3,947-86.9%

$1,963-73.7%

Participant deferral / active EE

$893

$2,208-59.6%

$3,930-77.3%

$3,054-70.8%

Admin fee / account holder

$229

$488-53.1%

$6,418-96.4%

$504-54.5%

Provider

Service type

Compensation

TIMMINS, JACOBSEN & STRAWHACKER, LL1 year

Filed as: TIMMINS, JACOBSEN, & STR

Service code 10 · EIN 42-0721983

Accounting

$16,400

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$304

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

FREMONT FARMS OF IOWA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FREMONT FARMS OF IOWA 401(K) 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