Retirement plan

PREMIER FOOD SERVICE, INC. 401 (K) PLAN

Name: PREMIER FOOD SERVICE, INC. - PREMIER FOOD SERVICE, INC. 401 (K) PLAN (2018) Form 5500
Creator: PREMIER FOOD SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER FOOD SERVICE, INC. 401 (K) PLAN, PREMIER FOOD SERVICE, INC.

PREMIER FOOD SERVICE, INC.EIN 48-1220384Plan #001PY 2018

8225 W IRVING - WICHITA, KS 672091838316-269-2447pfskansas.comLinkedIn51-200 employeesfood & beverages

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.2M

+16.3% from 2017

Total participants

113

+2.7% from 2017

Average account balance

$16,424

+3.7% from 2017

Annual return

-8.59%

-29.14 pp from 2017

Benchmarks

See 448 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort448 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.80M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

103

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$588K

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

+20.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1200

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

0 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
ALLEN, GIBBS & HOULIK, L.C.1 year Filed as: ALLEN, GIBBS & HOULICK, L.C. Service code 10 · EIN 43-1032601 301 N MAIN STE 1700 · WICHITA, KS 672024868	Accounting	$8,700
QUALIFIED PLAN SOLUTIONS LC1 year Service code 15 · EIN 05-0538699 PO BOX 547 · COLWICH, KS 670300547	Recordkeeping	$2,630
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 15 · EIN 82-4555287 SERVICES · SAN ANTONIO, TX 782659530	Recordkeeping	$1,191

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$121 / participant

Other / not subdivided$13K100.0%

% of EOY assets

1.045%

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: ALLEN GIBBS & HOULIK
Auditor EIN: 431032601
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,424

$45,825-64.2%

$90,657-81.9%

$56,287-70.8%

Participation rate

62.9%

66.7%-3.8pp

74.0%-11.2pp

69.9%-7.0pp

Annual return

-8.59%

38.64%-47.2pp

1.89%-10.5pp

-9.96%+1.4pp

Employer contribution / active EE

$1,175

$1,372-14.4%

$2,532-53.6%

$2,111-44.3%

Participant deferral / active EE

$1,863

$2,562-27.3%

$3,424-45.6%

$3,350-44.4%

Admin fee / account holder

$172

$413-58.4%

$4,994-96.6%

$521-67.1%

Provider

Service type

Compensation

ALLEN, GIBBS & HOULIK, L.C.1 year

Filed as: ALLEN, GIBBS & HOULICK, L.C.

Service code 10 · EIN 43-1032601

301 N MAIN STE 1700 · WICHITA, KS 672024868

Accounting

$8,700

QUALIFIED PLAN SOLUTIONS LC1 year

Service code 15 · EIN 05-0538699

PO BOX 547 · COLWICH, KS 670300547

Recordkeeping

$2,630

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 15 · EIN 82-4555287

SERVICES · SAN ANTONIO, TX 782659530

Recordkeeping

$1,191

PREMIER FOOD SERVICE, INC. 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER FOOD SERVICE, INC. 401 (K) 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