Retirement plan

PRO FOOD SYSTEMS, INC. 401(K) PLAN

Name: PRO FOOD SYSTEMS, INC. - PRO FOOD SYSTEMS, INC. 401(K) PLAN (2024) Form 5500
Creator: PRO FOOD SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRO FOOD SYSTEMS, INC. 401(K) PLAN, PRO FOOD SYSTEMS, INC.

PRO FOOD SYSTEMS, INC.EIN 43-1821151Plan #002PY 2024

120 COMMERCE DRIVE - HOLTS SUMMIT, MO 65043573-896-2500LinkedIn51-200 employeescomputer software

Other plans on this EIN

1 filing

#003Retirement-$18.8M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.6M

+24.4% from 2023

Total participants

250

+16.3% from 2023

Average account balance

$40,683

+13.6% from 2023

Annual return

20.96%

+2.27 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.59M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

162

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.

60.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$803K

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

+20.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$309

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 4 by compensation

Provider	Service type	Compensation
CAP FINANCIAL PARTNERS, LLC1 year Filed as: CAP FINANCIAL PARTNERS LLC Service code 27 4208 SIX FORKS ROAD · RALEIGH, NC 27609	Advisory (Plan)	$25,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,871
BLUE CHIP RETIREMENT PLANS, INC.1 year Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911	Contract Administrator	$8,550
EIDE BAILLY LLP1 year Service code 10 P.O. 1914 · BISMARCK, ND 585021914	Accounting	$7,040

Plan features & details

Pension benefit codes2E2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$50K

$226 / participant

Recordkeeping$48K95.7%
Contract admin$2K4.3%

% of EOY assets

0.759%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,683

$88,203-53.9%

$165,100-75.4%

$74,478-45.4%

Participation rate

60.2%

73.1%-12.9pp

78.6%-18.4pp

67.2%-7.0pp

Annual return

20.96%

17.13%+3.8pp

70.21%-49.2pp

1370.56%-1349.6pp

Employer contribution / active EE

$2,601-100.0%

$4,348-100.0%

$2,626-100.0%

Participant deferral / active EE

$3,632

$4,505-19.4%

$6,035-39.8%

$4,350-16.5%

Admin fee / account holder

$309

$2,235-86.2%

$12,696-97.6%

$1,946-84.1%

Provider

Service type

Compensation

CAP FINANCIAL PARTNERS, LLC1 year

Filed as: CAP FINANCIAL PARTNERS LLC

Service code 27

4208 SIX FORKS ROAD · RALEIGH, NC 27609

Advisory (Plan)

$25,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,871

BLUE CHIP RETIREMENT PLANS, INC.1 year

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13

154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911

Contract Administrator

$8,550

EIDE BAILLY LLP1 year

Service code 10

P.O. 1914 · BISMARCK, ND 585021914

Accounting

$7,040

PRO FOOD SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRO FOOD SYSTEMS, INC. 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