Retirement plan

QUALITY SAUSAGE COMPANY LLC 401(K) DEFINED CONTRIBUTION PLAN

Name: QUALITY SAUSAGE COMPANY LLC - QUALITY SAUSAGE COMPANY LLC 401(K) DEFINED CONTRIBUTION PLAN (2017) Form 5500
Creator: QUALITY SAUSAGE COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUALITY SAUSAGE COMPANY LLC 401(K) DEFINED CONTRIBUTION PLAN, QUALITY SAUSAGE COMPANY LLC

QUALITY SAUSAGE COMPANY LLCEIN 47-1685337Plan #001PY 2017

1925 LONE STAR DRIVE - DALLAS, TX 75212214-634-3400qualitysausage.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$14.1M

+15.1% from 2016

Total participants

230

-8.7% from 2016

Average account balance

$78,984

+20.3% from 2016

Annual return

11.88%

+5.17 pp from 2016

Benchmarks

See 935 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort935 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.31M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

230

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.

55.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$48,384
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES Service code 27 · EIN 35-2552359	Advisory (Plan)	$11,246
KESTRA INVESTMENT SERVICES LLC2 years Service code 49 · EIN 74-2794194	Other Services	$3,149
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVCIES LLC Service code 27	Advisory (Plan)	$4

Plan features & details

Pension benefit codes2E2S2G2J2K3H2T3F3D

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$63K

$302 / participant

Other / not subdivided$63K100.0%

% of EOY assets

0.445%

all-in expense ratio

Categories reported

0 / 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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,984

$50,385+56.8%

$75,501+4.6%

$62,293+26.8%

Participation rate

74.9%

67.7%+7.2pp

72.4%+2.5pp

69.5%+5.4pp

Annual return

11.88%

19.90%-8.0pp

27.35%-15.5pp

28.90%-17.0pp

Employer contribution / active EE

$1,183

$1,537-23.0%

$2,352-49.7%

$2,042-42.1%

Participant deferral / active EE

$2,898

$2,445+18.5%

$3,142-7.8%

$3,169-8.6%

Admin fee / account holder

$351

$384-8.5%

$5,801-93.9%

$479-26.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$48,384

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES

Service code 27 · EIN 35-2552359

Advisory (Plan)

$11,246

KESTRA INVESTMENT SERVICES LLC2 years

Service code 49 · EIN 74-2794194

Other Services

$3,149

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVCIES LLC

Service code 27

Advisory (Plan)

QUALITY SAUSAGE COMPANY LLC 401(K) DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUALITY SAUSAGE COMPANY LLC 401(K) DEFINED CONTRIBUTION 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