Retirement plan

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

Name: FORTH FOODS, INC - FORTH'S FOODS, INC. 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$11M

+10.4% from 2022

Total participants

477

+12.5% from 2022

Average account balance

$36,317

+0.9% from 2022

Annual return

13.29%

+22.28 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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 1 by compensation

Provider	Service type	Compensation
JACKSON KELLY PLLC2 years Service code 13 · EIN 55-0394215 PO BOX 553 · CHARLESTON, WV 25322	Contract Administrator	$10,288

Plan features & details

Pension benefit codes2E2J2K3F3H2G2T

Plan features

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.
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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$50K

$136 / participant

Recordkeeping$5K10.3%
Investment mgmt$41K81.4%
Contract admin$3K5.1%
Other / not subdivided$2K3.3%

% of EOY assets

0.456%

all-in expense ratio

Categories reported

3 / 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

$36,317

$53,165-31.7%

$86,235-57.9%

$74,473-51.2%

Participation rate

52.8%

64.9%-12.0pp

69.0%-16.1pp

70.7%-17.9pp

Annual return

13.29%

22.64%-9.4pp

1170.03%-1156.7pp

34.36%-21.1pp

Employer contribution / active EE

$914

$1,210-24.4%

$2,381-61.6%

$2,638-65.3%

Participant deferral / active EE

$1,447

$3,234-55.3%

$3,987-63.7%

$4,530-68.1%

Admin fee / account holder

$165

$551-70.0%

$6,856-97.6%

$347-52.3%

Provider

Service type

Compensation

JACKSON KELLY PLLC2 years

Service code 13 · EIN 55-0394215

PO BOX 553 · CHARLESTON, WV 25322

Contract Administrator

$10,288

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