Retirement plan

FORTH'S FOODS, INC. 401(K) PLAN

Name: FORTH FOODS, INC - FORTH'S FOODS, INC. 401(K) PLAN (2017) Form 5500
Creator: FORTH FOODS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORTH'S FOODS, INC. 401(K) PLAN, FORTH FOODS, INC

FORTH FOODS, INCEIN 55-0679166Plan #001PY 2017

3090 WOODVILLE DRIVE - HUNTINGTON, WV 25701304-525-3293forthfoods.comLinkedIn51-200 employeesconsumer goods

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$10.5M

+24.4% from 2016

Total participants

321

-5.9% from 2016

Average account balance

$52,426

+19.5% from 2016

Annual return

16.93%

+9.80 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.71M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

326

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.

54.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$919K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY Service code 19 1200 3RD AVE SUITE 100 · HUNTINGTON, WV 25701	Securities Custodian	$69,088
ELLIS & ELLIS, PLLC3+ years Service code 10 UNITED CENTER, SUITE 1000 · CHARLESTON, WV 25301	Accounting	$15,889
JACKSON KELLY PLLC3+ years Filed as: JACKSON KELLY Service code 14 500 LEE STREET EAST · CHARLESTON, WV 25301	Plan Administrator	$12,096

Plan features & details

Pension benefit codes2E2J2K3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$103K

$346 / participant

Investment mgmt$69K67.2%
Contract admin$13K12.9%
Other / not subdivided$20K19.9%

% of EOY assets

0.976%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIS & ELLIS, PLLC
Auditor EIN: 550771644
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,426

$48,064+9.1%

$78,778-33.5%

$69,631-24.7%

Participation rate

59.6%

61.6%-2.0pp

69.2%-9.6pp

70.7%-11.1pp

Annual return

16.93%

21.81%-4.9pp

35.62%-18.7pp

27571.02%-27554.1pp

Employer contribution / active EE

$1,032

$744+38.8%

$1,986-48.0%

$2,032-49.2%

Participant deferral / active EE

$1,506

$2,079-27.6%

$2,958-49.1%

$3,224-53.3%

Admin fee / account holder

$512

$152+236.7%

$5,134-90.0%

$110+363.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY

Service code 19

1200 3RD AVE SUITE 100 · HUNTINGTON, WV 25701

Securities Custodian

$69,088

ELLIS & ELLIS, PLLC3+ years

Service code 10

UNITED CENTER, SUITE 1000 · CHARLESTON, WV 25301

Accounting

$15,889

JACKSON KELLY PLLC3+ years

Filed as: JACKSON KELLY

Service code 14

500 LEE STREET EAST · CHARLESTON, WV 25301

Plan Administrator

$12,096

FORTH'S FOODS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORTH'S FOODS, 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