Retirement plan

THE ALLEN HARIM GROUP 401(K) PLAN

Name: ALLEN HARIM FOODS, LLC - THE ALLEN HARIM GROUP 401(K) PLAN (2024) 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 2024

29984 PINNACLE WAY - MILLSBORO, DE 19966302-628-6095allenharimllc.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$16.8M

-6.9% from 2023

Total participants

1,408

-10.3% from 2023

Average account balance

$38,847

+41.7% from 2023

Annual return

9.57%

-3.82 pp from 2023

Benchmarks

See 79 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort79 peers

Snapshot2024

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.8 years Service code 12 · EIN 27-2037969	Valuation (appraisals, etc.); Recordk...	$36,311

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

$39K

$31 / participant

Recordkeeping$30K77.9%
Trustee / custodial$2K5.9%
Contract admin$6K16.2%

% of EOY assets

0.230%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,847

$55,347-29.8%

$120,574-67.8%

$199,960-80.6%

Participation rate

22.8%

52.9%-30.1pp

71.9%-49.1pp

72.0%-49.2pp

Annual return

9.57%

15.37%-5.8pp

107.42%-97.9pp

34.28%-24.7pp

Employer contribution / active EE

$432

$1,296-66.7%

$3,471-87.6%

$3,036-85.8%

Participant deferral / active EE

$777

$2,350-67.0%

$4,996-84.5%

$5,087-84.7%

Admin fee / account holder

$89

$134-33.4%

$9,445-99.1%

$269-66.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 12 · EIN 27-2037969

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

$36,311

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