Retirement plan

FRICK'S MEAT PRODUCTS,INC 401(K) PLAN

Name: FRICK'S MEAT PRODUCTS, INC. 401(K) PLAN - FRICK'S MEAT PRODUCTS,INC 401(K) PLAN (2021) Form 5500
Creator: FRICK'S MEAT PRODUCTS, INC. 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRICK'S MEAT PRODUCTS,INC 401(K) PLAN, FRICK'S MEAT PRODUCTS, INC. 401(K) PLAN

FRICK'S MEAT PRODUCTS, INC. 401(K) PLANdba FRICK'S QUALITY MEATS, INC.EIN 43-0728644Plan #001PY 2021

360 M. E. FRICK DRIVE - WASHINGTON, MO 63090636-239-2200

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed February 8, 2019 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

360 M. E. Frick Drive

Washington State: MO Zip Code: 63090

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Plans declared (1)

Frick's Quality Meats, Inc. Senior Employee Retention Plan4 emp

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Total assets (EOY)

$11.2M

+25.5% from 2020

Total participants

371

+26.6% from 2020

Average account balance

$40,291

+14.2% from 2020

Annual return

21.65%

+13.36 pp from 2020

Benchmarks

See 1,264 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,264 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.24M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

387

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.

72.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+22.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$92,347
IRON-CO-FID-COMPREHENSIVE5 years Filed as: IRON CO FID COMPREHENSIVE Service code 49 · EIN 26-2409128	Other Services	$8,606
NATIONWIDE4 years Filed as: NATIONWIDE LIFE INSURANCE CO Service code 15 · EIN 31-4156830	Recordkeeping	$2,151
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 15 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$42K

$139 / participant

Contract admin$42K100.0%

% of EOY assets

0.372%

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: LOPATA, FLEGEL & COMPANY LLP
Auditor EIN: 431552002
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,291

$50,956-20.9%

$96,570-58.3%

$86,821-53.6%

Participation rate

68.6%

65.2%+3.3pp

69.8%-1.3pp

72.3%-3.7pp

Annual return

21.65%

21.27%+0.4pp

37.79%-16.1pp

97.94%-76.3pp

Employer contribution / active EE

$807

$1,111-27.3%

$2,357-65.8%

$2,406-66.5%

Participant deferral / active EE

$2,136

$2,954-27.7%

$3,849-44.5%

$4,132-48.3%

Admin fee / account holder

$150

$166-9.6%

$6,182-97.6%

$170-11.5%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$92,347

IRON-CO-FID-COMPREHENSIVE5 years

Filed as: IRON CO FID COMPREHENSIVE

Service code 49 · EIN 26-2409128

Other Services

$8,606

NATIONWIDE4 years

Filed as: NATIONWIDE LIFE INSURANCE CO

Service code 15 · EIN 31-4156830

Recordkeeping

$2,151

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL LLC

Service code 15

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Recordkeeping

FRICK'S MEAT PRODUCTS,INC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRICK'S MEAT PRODUCTS,INC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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