Retirement plan

IMPOSSIBLE FOODS 401(K) PLAN

Name: IMPOSSIBLE FOODS INC. - IMPOSSIBLE FOODS 401(K) PLAN (2017) Form 5500
Creator: IMPOSSIBLE FOODS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPOSSIBLE FOODS 401(K) PLAN, IMPOSSIBLE FOODS INC.

IMPOSSIBLE FOODS INC.EIN 45-3776939Plan #001PY 2017

525 CHESAPEAKE DRIVE - REDWOOD CITY, CA 94063650-461-4380impossiblefoods.comLinkedIn501-1000 employeesfood & beverages

Prospect flagsLow assets / participantLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.8M

+99.1% from 2016

Total participants

261

+91.9% from 2016

Average account balance

$19,938

+13.2% from 2016

Annual return

35.83%

+21.30 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.29M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

756

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+22.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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
LT TRUST COMPANY1 year Filed as: LT TRUST Service code 13 · EIN 61-1607607	Contract Administrator	$2,225

Plan features & details

Pension benefit codes2E2F2J2S2T3D2G

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$9 / participant

Contract admin$2K100.0%

% of EOY assets

0.059%

all-in expense ratio

Categories reported

1 / 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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,938

$53,925-63.0%

$75,501-73.6%

$69,631-71.4%

Participation rate

71.7%

71.2%+0.5pp

72.4%-0.6pp

70.7%+1.0pp

Annual return

35.83%

17.84%+18.0pp

27.35%+8.5pp

27571.02%-27535.2pp

Employer contribution / active EE

$1,802-100.0%

$2,352-100.0%

$2,032-100.0%

Participant deferral / active EE

$5,171

$2,569+101.2%

$3,142+64.5%

$3,224+60.4%

Admin fee / account holder

$12

$97-87.9%

$5,801-99.8%

$110-89.4%

Provider

Service type

Compensation

LT TRUST COMPANY1 year

Filed as: LT TRUST

Service code 13 · EIN 61-1607607

Contract Administrator

$2,225

IMPOSSIBLE FOODS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPOSSIBLE FOODS 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