Retirement plan

NEBRASKA BEEF, LTD. 401(K) PROFIT SHARING PLAN

Name: NEBRASKA BEEF, LTD - NEBRASKA BEEF, LTD. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: NEBRASKA BEEF, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEBRASKA BEEF, LTD. 401(K) PROFIT SHARING PLAN, NEBRASKA BEEF, LTD

NEBRASKA BEEF, LTDEIN 47-0780054Plan #001PY 2016

4501 SOUTH 36TH STREET - OMAHA, NE 681071330402-733-0418

Prospect flagsLow returnsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

+14.8% from 2015

Total participants

1,018

+29.5% from 2015

Average account balance

$22,899

+9.1% from 2015

Annual return

5.29%

+5.43 pp from 2015

Benchmarks

See 53 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort53 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.55M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

473

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.

41.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

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

+11.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$24,430
BENEFIT PLANS ADMIN SERVICES, INC.2+ years Filed as: BENEFIT PLANS INC Service code 13 · EIN 47-0617162	Contract Administrator	$11,325
DHABALT, RICKY J.2+ years Filed as: DHABALT, RICKY J Service code 49 · EIN 47-9961373	Other Services	$5,755
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS Service code 13	Contract Administrator	$3,959
CISMOSKI, GREGORY V.1 year Filed as: CISMOSKI, GREGORY V Service code 49	Other Services	$3,837
CISMOSKI, GREG V2+ years Service code 49 · EIN 39-8685715	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED2+ years Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361	Advisory (Plan)	$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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$35 / participant

Contract admin$36K100.0%

% of EOY assets

0.430%

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: HANCOCK & DANA, P.C.
Auditor EIN: 470710889
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,899

$32,530-29.6%

$106,619-78.5%

$63,975-64.2%

Participation rate

35.0%

55.7%-20.7pp

78.0%-43.0pp

71.1%-36.1pp

Annual return

5.29%

8.92%-3.6pp

9.42%-4.1pp

48.65%-43.4pp

Employer contribution / active EE

$190

$724-73.8%

$3,947-95.2%

$2,182-91.3%

Participant deferral / active EE

$912

$1,383-34.1%

$3,930-76.8%

$3,356-72.8%

Admin fee / account holder

$99

$61+61.3%

$6,418-98.5%

$70+39.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$24,430

BENEFIT PLANS ADMIN SERVICES, INC.2+ years

Filed as: BENEFIT PLANS INC

Service code 13 · EIN 47-0617162

Contract Administrator

$11,325

DHABALT, RICKY J.2+ years

Filed as: DHABALT, RICKY J

Service code 49 · EIN 47-9961373

Other Services

$5,755

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS

Service code 13

Contract Administrator

$3,959

CISMOSKI, GREGORY V.1 year

Filed as: CISMOSKI, GREGORY V

Service code 49

Other Services

$3,837

CISMOSKI, GREG V2+ years

Service code 49 · EIN 39-8685715

Other Services

WILSHIRE ASSOCIATES INCORPORATED2+ years

Filed as: WILSHIRE ASSOCIATES INC

Service code 27 · EIN 95-2755361

Advisory (Plan)

NEBRASKA BEEF, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEBRASKA BEEF, LTD. 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