Retirement plan

TOBA, INC. PROFIT SHARING RETIREMENT PLAN

Name: TOBA, INC. - TOBA, INC. PROFIT SHARING RETIREMENT PLAN (2018) Form 5500
Creator: TOBA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOBA, INC. PROFIT SHARING RETIREMENT PLAN, TOBA, INC.

TOBA, INC.EIN 47-0793150Plan #001PY 2018

2621 W HWY 30 - GRAND ISLAND, NE 688035230308-382-8622tobafoods.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

-15.4% from 2017

Total participants

261

+29.2% from 2017

Average account balance

$12,167

-35.4% from 2017

Annual return

-6.75%

-18.15 pp from 2017

Benchmarks

See 9,277 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,277 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.25M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

335

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.

72.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$26,932
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 49 · EIN 59-1199408	Other Services	$7,394
LUTZ & COMPANY, PC1 year Filed as: LUTZ Service code 10 · EIN 47-0625816	Accounting	$5,500

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 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).

Expense breakdown

Schedule H Part II

Admin total

$37K

$401 / participant

Contract admin$27K72.2%
Other / not subdivided$10K27.8%

% of EOY assets

1.188%

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: KSO CPA'S, PC
Auditor EIN: 820692739
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,167

$72,404-83.2%

$110,241-89.0%

$64,181-81.0%

Participation rate

96.8%

73.3%+23.4pp

79.8%+17.0pp

69.6%+27.2pp

Annual return

-6.75%

-6.29%-0.5pp

314.75%-321.5pp

7.63%-14.4pp

Employer contribution / active EE

$1,579

$2,282-30.8%

$3,827-58.7%

$2,381-33.7%

Participant deferral / active EE

$2,081

$3,469-40.0%

$4,672-55.4%

$3,470-40.0%

Admin fee / account holder

$145

$5,664-97.4%

$8,548-98.3%

$4,887-97.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$26,932

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES INSURANCE GROUP INC

Service code 49 · EIN 59-1199408

Other Services

$7,394

LUTZ & COMPANY, PC1 year

Filed as: LUTZ

Service code 10 · EIN 47-0625816

Accounting

$5,500

TOBA, INC. PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOBA, INC. PROFIT SHARING RETIREMENT 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