Retirement plan

KEANY PRODUCE & GOURMET AND RELATED ENTITIES 401(K) PLAN

Name: P.J.K. FOOD SERVICE, LLC DBA KEANY PRODUCE & GOURMET - KEANY PRODUCE & GOURMET AND RELATED ENTITIES 401(K) PLAN (2018) Form 5500
Creator: P.J.K. FOOD SERVICE, LLC DBA KEANY PRODUCE & GOURMET
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEANY PRODUCE & GOURMET AND RELATED ENTITIES 401(K) PLAN, P.J.K. FOOD SERVICE, LLC DBA KEANY PRODUCE & GOURMET

P.J.K. FOOD SERVICE, LLC DBA KEANY PRODUCE & GOURMETEIN 54-0885173Plan #001PY 2018

3310 75TH AVENUE - LANDOVER, MD 20785301-618-5428

Prospect flagsLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$33.2M

-2.0% from 2017

Total participants

359

+2.9% from 2017

Average account balance

$92,812

-12.7% from 2017

Annual return

-3.35%

-18.26 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.53M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

286

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.

46.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.58M

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

+16.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$278

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
SBHU LIFE AGENCY INC3+ years Service code 53 · EIN 13-2896238	Insurance Commissions	$48,543
SUNTRUST BANKS, INC.1 year Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308	Bank Trustee	$14,380
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INC. CO. Service code 64 · EIN 04-1590850	Recordkeeping Fees	$4,625

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$88 / participant

Contract admin$19K100.0%

% of EOY assets

0.057%

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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,812

$66,302+40.0%

$110,243-15.8%

$56,287+64.9%

Participation rate

99.5%

74.9%+24.6pp

79.8%+19.7pp

69.9%+29.7pp

Annual return

-3.35%

-1.18%-2.2pp

314.76%-318.1pp

-9.96%+6.6pp

Employer contribution / active EE

$4,702

$2,047+129.7%

$3,827+22.9%

$2,111+122.7%

Participant deferral / active EE

$1,668

$3,381-50.7%

$4,672-64.3%

$3,350-50.2%

Admin fee / account holder

$53

$698-92.4%

$8,548-99.4%

$521-89.8%

Provider

Service type

Compensation

SBHU LIFE AGENCY INC3+ years

Service code 53 · EIN 13-2896238

Insurance Commissions

$48,543

SUNTRUST BANKS, INC.1 year

Service code 21

303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308

Bank Trustee

$14,380

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INC. CO.

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$4,625

KEANY PRODUCE & GOURMET AND RELATED ENTITIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEANY PRODUCE & GOURMET AND RELATED ENTITIES 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