Retirement plan

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

Name: NEBRASKA BEEF, LTD - NEBRASKA BEEF, LTD. 401(K) PROFIT SHARING PLAN (2017) 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 2017

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

Prospect flagsLow participationLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10.1M

+21.5% from 2016

Total participants

1,039

+2.1% from 2016

Average account balance

$23,172

+1.2% from 2016

Annual return

14.81%

+9.52 pp from 2016

Benchmarks

See 235 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort235 peers

Snapshot2017

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 10 of 19 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$29,258
BENEFIT PLANS ADMIN SERVICES, INC.3+ years Filed as: BENEFIT PLANS INC Service code 13 · EIN 47-0617162	Contract Administrator	$19,628
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553	Other Services	$8,867
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$581
AMERICAN FUNDS1 year Service code 52 · EIN 52-0792143	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DAVID ROMANO1 year Filed as: DAVID BECK Service code 53 10250 REGENCY CIR. STE. 250 · OMAHA, NE 68114	Insurance Commissions	$0
DAVID ROMANO1 year Filed as: DAVID J MEANS Service code 53 100 S. 5TH ST. STE. 2300 · MINNEAPOLIS, MN 55402	Insurance Commissions	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$44K

$45 / participant

Contract admin$44K100.0%

% of EOY assets

0.436%

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

$23,172

$54,390-57.4%

$117,039-80.2%

$69,631-66.7%

Participation rate

38.9%

58.5%-19.6pp

77.2%-38.3pp

70.7%-31.8pp

Annual return

14.81%

18.33%-3.5pp

18.95%-4.1pp

27571.02%-27556.2pp

Employer contribution / active EE

$221

$1,357-83.7%

$3,785-94.2%

$2,032-89.1%

Participant deferral / active EE

$1,054

$2,076-49.2%

$3,929-73.2%

$3,224-67.3%

Admin fee / account holder

$101

$98+3.5%

$5,974-98.3%

$110-8.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$29,258

BENEFIT PLANS ADMIN SERVICES, INC.3+ years

Filed as: BENEFIT PLANS INC

Service code 13 · EIN 47-0617162

Contract Administrator

$19,628

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

Other Services

$8,867

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

$581

AMERICAN FUNDS1 year

Service code 52 · EIN 52-0792143

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DAVID ROMANO1 year

Filed as: DAVID BECK

Service code 53

10250 REGENCY CIR. STE. 250 · OMAHA, NE 68114

Insurance Commissions

DAVID ROMANO1 year

Filed as: DAVID J MEANS

Service code 53

100 S. 5TH ST. STE. 2300 · MINNEAPOLIS, MN 55402

Insurance Commissions

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

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