Retirement plan

THE ALLEN HARIM GROUP 401(K) PLAN

Name: ALLEN HARIM FOODS, LLC - THE ALLEN HARIM GROUP 401(K) PLAN (2019) Form 5500
Creator: ALLEN HARIM FOODS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ALLEN HARIM GROUP 401(K) PLAN, ALLEN HARIM FOODS, LLC

ALLEN HARIM FOODS, LLCEIN 45-3024902Plan #004PY 2019

2998 PINNACLE WAY, PO BOX 1380 - MILLSBORO, DE 19966302-629-5080allenharimllc.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$18.7M

+21.5% from 2018

Total participants

1,336

-31.4% from 2018

Average account balance

$29,817

+12.2% from 2018

Annual return

16.79%

+20.54 pp from 2018

Benchmarks

See 65 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort65 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.82M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

433

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.

22.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969	Valuation (appraisals, etc.); Recordk...	$45,760

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$47K

$40 / participant

Investment mgmt$1K3.1%
Contract admin$46K96.9%

% of EOY assets

0.253%

all-in expense ratio

Categories reported

2 / 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: FAW, CASSON & CO., LLP
Auditor EIN: 520619968
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,817

$97,954-69.6%

$115,167-74.1%

$77,775-61.7%

Participation rate

39.6%

52.3%-12.7pp

75.9%-36.4pp

73.2%-33.7pp

Annual return

16.79%

23.95%-7.2pp

35.60%-18.8pp

32.58%-15.8pp

Employer contribution / active EE

$581

$927-37.4%

$3,179-81.7%

$2,504-76.8%

Participant deferral / active EE

$1,051

$1,655-36.5%

$4,169-74.8%

$3,966-73.5%

Admin fee / account holder

$75

$347-78.3%

$7,089-98.9%

$100-24.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 12 · EIN 27-2037969

Valuation (appraisals, etc.); Recordk...

$45,760

THE ALLEN HARIM GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ALLEN HARIM GROUP 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