Retirement plan

OFD FOODS, LLC 401(K) PLAN

Name: OFD FOODS, LLC - OFD FOODS, LLC 401(K) PLAN (2024) Form 5500
Creator: OFD FOODS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OFD FOODS, LLC 401(K) PLAN, OFD FOODS, LLC

OFD FOODS, LLCEIN 43-1121507Plan #001PY 2024

525 25TH AVENUE SW - ALBANY, OR 97321541-926-6001

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$24.3M

+5.2% from 2023

Total participants

642

+9.9% from 2023

Average account balance

$40,444

-44.2% from 2023

Annual return

10.67%

-6.67 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.27M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

600

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.31M

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 5 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.10+ years Service code 15 · EIN 91-0675641	Recordkeeping	$49,327
EMBREE FINANCIAL GROUP1 year Service code 27 440 N. WELLS · CHICAGO, IL 60654	Advisory (Plan)	$32,026
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 27 250 VESEY STREET · NEW YORK, NY 10080	Advisory (Plan)	$9,258
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO., INC Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.10+ years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

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

$92K

$177 / participant

Recordkeeping$49K53.9%
Investment mgmt$41K45.1%
Legal$9501.0%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KERNUTT STOKES, LLP
Auditor EIN: 930396534
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,444

$89,067-54.6%

$102,423-60.5%

$77,714-48.0%

Participation rate

91.9%

80.9%+10.9pp

76.5%+15.4pp

70.6%+21.3pp

Annual return

10.67%

25.01%-14.3pp

29.42%-18.7pp

31.26%-20.6pp

Employer contribution / active EE

$1,168

$2,699-56.7%

$3,023-61.4%

$2,727-57.2%

Participant deferral / active EE

$3,317

$5,147-35.5%

$5,054-34.4%

$4,649-28.7%

Admin fee / account holder

$153

$236-35.3%

$9,455-98.4%

$433-64.8%

Provider

Service type

Compensation

MILLIMAN, INC.10+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$49,327

EMBREE FINANCIAL GROUP1 year

Service code 27

440 N. WELLS · CHICAGO, IL 60654

Advisory (Plan)

$32,026

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 27

250 VESEY STREET · NEW YORK, NY 10080

Advisory (Plan)

$9,258

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.10+ years

Service code 19 · EIN 94-1737782

Securities Custodian

OFD FOODS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OFD FOODS, LLC 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