Retirement plan

PREMIER FOOD SERVICE, INC. 401 (K) PLAN

Name: PREMIER FOOD SERVICE, INC. - PREMIER FOOD SERVICE, INC. 401 (K) PLAN (2019) 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 2019

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

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+48.4% from 2018

Total participants

116

+2.7% from 2018

Average account balance

$22,273

+35.6% from 2018

Annual return

23.79%

+32.38 pp from 2018

Benchmarks

See 449 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort449 peers

Snapshot2019

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.2 years Filed as: ALLEN, GIBBS & HOULICK, L.C. Service code 10 · EIN 43-1032601 301 N MAIN STE 1700 · WICHITA, KS 672024868	Accounting	$9,456
QUALIFIED PLAN SOLUTIONS LC2 years Service code 15 · EIN 05-0538699 PO BOX 547 · COLWICH, KS 670300547	Recordkeeping	$4,676
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 15 · EIN 82-4555287 SERVICES · SAN ANTONIO, TX 782659530	Recordkeeping	$1,043

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$16K

$152 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.901%

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

$22,273

$50,175-55.6%

$99,475-77.6%

$65,185-65.8%

Participation rate

67.3%

68.4%-1.1pp

73.8%-6.5pp

70.2%-2.9pp

Annual return

23.79%

25.36%-1.6pp

30.72%-6.9pp

29.38%-5.6pp

Employer contribution / active EE

$1,275

$1,496-14.7%

$2,540-49.8%

$2,177-41.4%

Participant deferral / active EE

$2,065

$2,748-24.8%

$3,619-42.9%

$3,514-41.2%

Admin fee / account holder

$201

$398-49.5%

$6,252-96.8%

$847-76.3%

Provider

Service type

Compensation

ALLEN, GIBBS & HOULIK, L.C.2 years

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

Service code 10 · EIN 43-1032601

301 N MAIN STE 1700 · WICHITA, KS 672024868

Accounting

$9,456

QUALIFIED PLAN SOLUTIONS LC2 years

Service code 15 · EIN 05-0538699

PO BOX 547 · COLWICH, KS 670300547

Recordkeeping

$4,676

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 15 · EIN 82-4555287

SERVICES · SAN ANTONIO, TX 782659530

Recordkeeping

$1,043

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