Retirement plan

METROLINA GREENHOUSES, INC. PROFIT SHARING PLAN

Name: METROLINA GREENHOUSES, INC. - METROLINA GREENHOUSES, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: METROLINA GREENHOUSES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROLINA GREENHOUSES, INC. PROFIT SHARING PLAN, METROLINA GREENHOUSES, INC.

METROLINA GREENHOUSES, INC.EIN 56-1158337Plan #001PY 2022

16400 HUNTERSVILLE-CONCORD ROAD - HUNTERSVILLE, NC 28078704-659-9544metrolinagreenhouses.comLinkedIn501-1000 employeesfarming

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$53.4M

-17.5% from 2021

Total participants

821

-2.0% from 2021

Average account balance

$73,673

-12.6% from 2021

Annual return

-15.60%

-27.77 pp from 2021

Benchmarks

See 282 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort282 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.03M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

809

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$153,228
WOODBURY FINANCIAL SERVICES2 years Service code 27 · EIN 41-0944586	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$153K

$254 / participant

Investment mgmt$8K4.9%
Contract admin$146K95.1%

% of EOY assets

0.287%

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: GREER WALKER
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,673

$52,122+41.3%

$104,301-29.4%

$64,814+13.7%

Participation rate

84.1%

56.0%+28.1pp

73.3%+10.8pp

71.5%+12.6pp

Annual return

-15.60%

13.26%-28.9pp

24.61%-40.2pp

32.84%-48.4pp

Employer contribution / active EE

$3,879

$1,627+138.5%

$3,373+15.0%

$2,507+54.7%

Participant deferral / active EE

$2,518

$2,823-10.8%

$4,626-45.6%

$4,310-41.6%

Admin fee / account holder

$211

$155+36.7%

$7,340-97.1%

$188+12.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$153,228

WOODBURY FINANCIAL SERVICES2 years

Service code 27 · EIN 41-0944586

Advisory (Plan)

METROLINA GREENHOUSES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METROLINA GREENHOUSES, INC. PROFIT SHARING 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