Retirement plan

PILLEN FAMILY FARMS INC 401K PLAN

Name: PILLEN FAMILY FARMS INC - PILLEN FAMILY FARMS INC 401K PLAN (2016) Form 5500
Creator: PILLEN FAMILY FARMS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PILLEN FAMILY FARMS INC 401K PLAN, PILLEN FAMILY FARMS INC

PILLEN FAMILY FARMS INCEIN 45-5245430Plan #001PY 2016

3214 25TH STREET - COLUMBUS, NE 686012408402-564-0407pillenfamilyfarms.comLinkedIn501-1000 employeesfood production

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

No prior year

Total participants

605

No prior year

Average account balance

$30,997

No prior year

Annual return

11.91%

No prior year

Benchmarks

See 233 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort233 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.61M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

26.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+32.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREATWEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$25,325
WEALTHPLAN PARTNERS INC1+ years Service code 27 101 S 108TH AVENUE, 2ND FLOOR · OMAHA, NE 68154	Advisory (Plan)	$13,983
BENEFIT PLANS ADMIN SERVICES, INC.1+ years Filed as: BENEFIT PLANS INC Service code 13	Contract Administrator	$10,661
BENEFIT PLANS ADMIN SERVICES, INC.1+ years Filed as: BENEFIT PLANS, INC. Service code 13 16924 FRANCES STREET SUITE 100 · OMAHA, NE 68130	Contract Administrator	$1,875

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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).

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: SCHUMACHER SMEJKAL BROCKHAUS & HERL
Auditor EIN: 470552214
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,997

$46,761-33.7%

$106,619-70.9%

$57,658-46.2%

Participation rate

42.6%

56.9%-14.3pp

78.0%-35.4pp

70.2%-27.7pp

Annual return

11.91%

15.77%-3.9pp

9.42%+2.5pp

5.13%+6.8pp

Employer contribution / active EE

$449

$1,274-64.7%

$3,947-88.6%

$1,974-77.2%

Participant deferral / active EE

$1,217

$1,954-37.7%

$3,930-69.0%

$3,061-60.2%

Admin fee / account holder

$97-100.0%

$6,418-100.0%

$95-100.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREATWEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$25,325

WEALTHPLAN PARTNERS INC1+ years

Service code 27

101 S 108TH AVENUE, 2ND FLOOR · OMAHA, NE 68154

Advisory (Plan)

$13,983

BENEFIT PLANS ADMIN SERVICES, INC.1+ years

Filed as: BENEFIT PLANS INC

Service code 13

Contract Administrator

$10,661

BENEFIT PLANS ADMIN SERVICES, INC.1+ years

Filed as: BENEFIT PLANS, INC.

Service code 13

16924 FRANCES STREET SUITE 100 · OMAHA, NE 68130

Contract Administrator

$1,875

PILLEN FAMILY FARMS INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PILLEN FAMILY FARMS INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion