Retirement plan

NATUREBEST PRE-CUT & PRODUCE, LLC 401(K) PLAN

Name: NATUREBEST PRE-CUT & PRODUCE, LLC - NATUREBEST PRE-CUT & PRODUCE, LLC 401(K) PLAN (2022) Form 5500
Creator: NATUREBEST PRE-CUT & PRODUCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATUREBEST PRE-CUT & PRODUCE, LLC 401(K) PLAN, NATUREBEST PRE-CUT & PRODUCE, LLC

NATUREBEST PRE-CUT & PRODUCE, LLCEIN 46-0481218Plan #002PY 2022

521 HWY. 90 A, SUITE 190 - MISSOURI CITY, TX 77489713-278-0425LinkedIn1-10 employeesfood production

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$450K

+154.8% from 2021

Total participants

232

+85.6% from 2021

Average account balance

$18,754

+69.9% from 2021

Annual return

39.91%

+18.99 pp from 2021

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.08M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

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.

13.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$278K

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

+13.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$479

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ECONOMIC GROUP PENSION SERVICES1 year Service code 49 · EIN 13-3180178 P.O. BOX 54 · FRANKLIN SQUARE, NY 110100054	Other Services	$0
MALCOLM THOMPSON & ASSOCIATES2 years Filed as: MALCOLM THOMPSON AND ASSOCIATES Service code 49 · EIN 26-4203770 20445 TX 249 · HOUSTON, TX 77070	Other Services	$0
NFP RETIREMENT INC2 years Service code 99 · EIN 33-0905143 8702 JEFFERSON HWY, UNIT A · BATON ROUGE, LA 70809	Other Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$825

$4 / participant

Contract admin$825100.0%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REIMER MCGUINNESS HESS PC
Auditor EIN: 205548240
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,754

$50,199-62.6%

$69,890-73.2%

$66,949-72.0%

Participation rate

8.0%

66.3%-58.4pp

70.5%-62.5pp

69.8%-61.9pp

Annual return

39.91%

-13.85%+53.8pp

190.84%-150.9pp

1.57%+38.3pp

Employer contribution / active EE

$277

$1,864-85.2%

$2,560-89.2%

$2,545-89.1%

Participant deferral / active EE

$701

$3,112-77.5%

$3,848-81.8%

$4,239-83.5%

Admin fee / account holder

$34

$600-94.3%

$6,267-99.5%

$594-94.2%

Provider

Service type

Compensation

ECONOMIC GROUP PENSION SERVICES1 year

Service code 49 · EIN 13-3180178

P.O. BOX 54 · FRANKLIN SQUARE, NY 110100054

Other Services

MALCOLM THOMPSON & ASSOCIATES2 years

Filed as: MALCOLM THOMPSON AND ASSOCIATES

Service code 49 · EIN 26-4203770

20445 TX 249 · HOUSTON, TX 77070

Other Services

NFP RETIREMENT INC2 years

Service code 99 · EIN 33-0905143

8702 JEFFERSON HWY, UNIT A · BATON ROUGE, LA 70809

Other Fees

NATUREBEST PRE-CUT & PRODUCE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATUREBEST PRE-CUT & PRODUCE, LLC 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