Retirement plan

PRO FOOD SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: PRO FOOD SYSTEMS, INC. - PRO FOOD SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2022) Form 5500
Creator: PRO FOOD SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRO FOOD SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, PRO FOOD SYSTEMS, INC.

PRO FOOD SYSTEMS, INC.EIN 43-1821151Plan #003PY 2022

170 COMMERCE DRIVE - HOLTS SUMMIT, MO 65043573-632-3370LinkedIn51-200 employeescomputer software

Other plans on this EIN

1 filing

#002Retirement-$4.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.4M

+38.9% from 2021

Total participants

210

+16.7% from 2021

Average account balance

$54,110

+19.1% from 2021

Annual return

37.10%

+24.94 pp from 2021

Benchmarks

See 2,289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,289 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.76M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

280

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$602K

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

+9.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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
FIRST INTERNATIONAL BANK & TRUST2 years Service code 21 3001 25TH STREET S · FARGO, ND 58103	Bank Trustee	$30,722
NEWPORT GROUP, INC.4+ years Filed as: NEWPORT GROUP Service code 15 · EIN 45-2164254 2900 100TH ST STE 303 · URBANDALE, IA 50322	Recordkeeping	$12,825
ACCLARO VALUATION ADVISORS4+ years Filed as: ACCLARO VALUATION Service code 34 444 REGENCY PKWY DR · OMAHA, NE 68114	Valuation (appraisals, etc.)	$12,500
EIDE BAILLY LLP4+ years Filed as: EIDE BAILLY, LLP Service code 10 · EIN 45-0250958 666 WALNUT ST., STE. 1900 · DES MOINES, IA 50309	Accounting	$9,500

Plan features & details

Pension benefit codes2I2K2P2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

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

$66K

$428 / participant

Other / not subdivided$66K100.0%

% of EOY assets

0.577%

all-in expense ratio

Categories reported

0 / 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

$54,110

$86,692-37.6%

$119,634-54.8%

$66,949-19.2%

Participation rate

100.0%

75.6%+24.4pp

79.3%+20.7pp

69.8%+30.2pp

Annual return

37.10%

-8.00%+45.1pp

-14.98%+52.1pp

1.57%+35.5pp

Employer contribution / active EE

$1,096

$2,536-56.8%

$4,232-74.1%

$2,545-56.9%

Participant deferral / active EE

$4,360-100.0%

$5,601-100.0%

$4,239-100.0%

Admin fee / account holder

$312

$755-58.7%

$10,329-97.0%

$594-47.4%

Provider

Service type

Compensation

FIRST INTERNATIONAL BANK & TRUST2 years

Service code 21

3001 25TH STREET S · FARGO, ND 58103

Bank Trustee

$30,722

NEWPORT GROUP, INC.4+ years

Filed as: NEWPORT GROUP

Service code 15 · EIN 45-2164254

2900 100TH ST STE 303 · URBANDALE, IA 50322

Recordkeeping

$12,825

ACCLARO VALUATION ADVISORS4+ years

Filed as: ACCLARO VALUATION

Service code 34

444 REGENCY PKWY DR · OMAHA, NE 68114

Valuation (appraisals, etc.)

$12,500

EIDE BAILLY LLP4+ years

Filed as: EIDE BAILLY, LLP

Service code 10 · EIN 45-0250958

666 WALNUT ST., STE. 1900 · DES MOINES, IA 50309

Accounting

$9,500

PRO FOOD SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRO FOOD SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP 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