Retirement plan

SOUTHERN POULTRY RESEARCH GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: SOUTHERN POULTRY RESEARCH GROUP, INC. - SOUTHERN POULTRY RESEARCH GROUP, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SOUTHERN POULTRY RESEARCH GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN POULTRY RESEARCH GROUP, INC. 401(K) PROFIT SHARING PLAN, SOUTHERN POULTRY RESEARCH GROUP, INC.

SOUTHERN POULTRY RESEARCH GROUP, INC.EIN 46-2814486Plan #001PY 2022

1061 HALE ROAD - WATKINSVILLE, GA 30677706-247-4046LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$860K

+5.5% from 2021

Total participants

+10.0% from 2021

Average account balance

$45,273

-0.0% from 2021

Annual return

-18.13%

-33.75 pp from 2021

Benchmarks

See 6,310 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,310 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.05M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

122.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$224K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+18.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$7K

$302 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.772%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,273

$129,959-65.2%

$104,301-56.6%

$134,532-66.3%

Participation rate

86.4%

79.5%+6.8pp

73.3%+13.1pp

81.2%+5.1pp

Annual return

-18.13%

42.04%-60.2pp

24.61%-42.7pp

418.27%-436.4pp

Employer contribution / active EE

$2,705

$4,185-35.4%

$3,373-19.8%

$4,741-43.0%

Participant deferral / active EE

$6,362

$5,589+13.8%

$4,626+37.5%

$6,401-0.6%

Admin fee / account holder

$349

$9,325-96.3%

$7,340-95.2%

$11,429-96.9%

SOUTHERN POULTRY RESEARCH GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN POULTRY RESEARCH GROUP, INC. 401(K) PROFIT SHARING 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