Retirement plan

MANNING BROS FARM INC EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST

Name: MANNING BROS FARM INC - MANNING BROS FARM INC EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: MANNING BROS FARM INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANNING BROS FARM INC EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST, MANNING BROS FARM INC

MANNING BROS FARM INCEIN 56-1546951Plan #001PY 2016

6414 HWY 99 SOUTH - PANTEGO, NC 27860252-935-5417

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+15.4% from 2015

Total participants

0.0% from 2015

Average account balance

$218,475

+15.4% from 2015

Annual return

8.31%

+9.98 pp from 2015

Benchmarks

See 4,837 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort4,837 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.53M

Not enough data

1 years with asset history on file

Average account balance

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

$392K

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.

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

$42K

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

+18.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4444

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J

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.

Opportunity flags

1 tripped

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

$20K

$3340 / participant

Other / not subdivided$20K100.0%

% of EOY assets

1.147%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,475

$136,307+60.3%

$106,619+104.9%

$273,972-20.3%

Participation rate

100.0%

84.8%+15.2pp

78.0%+22.0pp

83.0%+17.0pp

Annual return

8.31%

11.05%-2.7pp

9.42%-1.1pp

41.46%-33.1pp

Employer contribution / active EE

$12,115

$5,190+133.4%

$3,947+207.0%

$4,869+148.8%

Participant deferral / active EE

$9,146

$4,969+84.0%

$3,930+132.7%

$5,287+73.0%

Admin fee / account holder

$2,505

$8,625-71.0%

$6,418-61.0%

$10,133-75.3%

MANNING BROS FARM INC EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANNING BROS FARM INC EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST

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