Retirement plan

PILLEN FAMILY FARMS INC 401K PLAN

Name: PILLEN FAMILY FARMS INC - PILLEN FAMILY FARMS INC 401K PLAN (2018) 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 2018

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.4M

+18.7% from 2017

Total participants

694

+11.9% from 2017

Average account balance

$40,049

+9.5% from 2017

Annual return

12.94%

-3.64 pp from 2017

Benchmarks

See 241 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort241 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.63M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

271

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.

21.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREATWEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$54,436
JUSTIN GIBSON DBA SILVERLEAF2 years Service code 27 12910 PIERCE STREET SUITE 100 · OMAHA, NE 68144	Advisory (Plan)	$27,793
BENEFIT PLAANS, INC1 year Service code 13	Contract Administrator	$10,885
BENEFIT PLANS ADMIN SERVICES, INC.3+ years Filed as: BENEFIT PLANS, INC. Service code 13 16924 FRANCES STREET SUITE 100 · OMAHA, NE 68130	Contract Administrator	$1,080
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$404

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$84 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.436%

all-in expense ratio

Categories reported

0 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,049

$107,440-62.7%

$105,738-62.1%

$55,725-28.1%

Participation rate

40.1%

55.5%-15.4pp

76.3%-36.2pp

70.9%-30.7pp

Annual return

12.94%

-0.59%+13.5pp

6.27%+6.7pp

244.93%-232.0pp

Employer contribution / active EE

$475

$1,448-67.2%

$3,268-85.5%

$2,078-77.1%

Participant deferral / active EE

$1,320

$2,171-39.2%

$4,080-67.6%

$3,356-60.6%

Admin fee / account holder

$175

$283-38.3%

$6,913-97.5%

$115+51.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREATWEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$54,436

JUSTIN GIBSON DBA SILVERLEAF2 years

Service code 27

12910 PIERCE STREET SUITE 100 · OMAHA, NE 68144

Advisory (Plan)

$27,793

BENEFIT PLAANS, INC1 year

Service code 13

Contract Administrator

$10,885

BENEFIT PLANS ADMIN SERVICES, INC.3+ years

Filed as: BENEFIT PLANS, INC.

Service code 13

16924 FRANCES STREET SUITE 100 · OMAHA, NE 68130

Contract Administrator

$1,080

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$404

PILLEN FAMILY FARMS INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PILLEN FAMILY FARMS INC 401K 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