Retirement plan

TRIPLE H FOOD PROCESSORS, LLC 401(K) PROFIT SHARING PLAN

Name: TRIPLE H FOOD PROCESSORS, LLC - TRIPLE H FOOD PROCESSORS, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: TRIPLE H FOOD PROCESSORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRIPLE H FOOD PROCESSORS, LLC 401(K) PROFIT SHARING PLAN, TRIPLE H FOOD PROCESSORS, LLC

TRIPLE H FOOD PROCESSORS, LLCEIN 47-4431714Plan #001PY 2020

5821 WILDERNESS AVE. - RIVERSIDE, CA 92504951-352-5700triplehfoods.comLinkedIn201-500 employeesfood & beverages

Prospect flagsRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+55.6% from 2019

Total participants

187

+592.6% from 2019

Average account balance

$21,527

-79.9% from 2019

Annual return

33.30%

+15.02 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.20M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

210

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$990K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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
COOPER FINANCIAL GROUP1 year Service code 27 · EIN 33-0877827	Advisory (Plan)	$10,352
THE RYDING COMPANY1 year Service code 15 · EIN 95-3497679	Recordkeeping	$942
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$536

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$13K

$73 / participant

Contract admin$13K100.0%

% of EOY assets

0.349%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,527

$54,590-60.6%

$81,926-73.7%

$73,493-70.7%

Participation rate

90.2%

68.3%+21.9pp

72.0%+18.2pp

70.7%+19.5pp

Annual return

33.30%

17.74%+15.6pp

29.49%+3.8pp

28.51%+4.8pp

Employer contribution / active EE

$1,615

$1,636-1.3%

$4,310-62.5%

$2,270-28.8%

Participant deferral / active EE

$2,464

$2,759-10.7%

$7,108-65.3%

$3,740-34.1%

Admin fee / account holder

$75

$592-87.3%

$5,159-98.5%

$513-85.4%

Provider

Service type

Compensation

COOPER FINANCIAL GROUP1 year

Service code 27 · EIN 33-0877827

Advisory (Plan)

$10,352

THE RYDING COMPANY1 year

Service code 15 · EIN 95-3497679

Recordkeeping

$942

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$536

TRIPLE H FOOD PROCESSORS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRIPLE H FOOD PROCESSORS, LLC 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