Retirement plan

MAR-JAC POULTRY, INC. 401(K) AND PROFIT SHARING PLAN

Name: MAR-JAC POULTRY, INC. - MAR-JAC POULTRY, INC. 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: MAR-JAC POULTRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAR-JAC POULTRY, INC. 401(K) AND PROFIT SHARING PLAN, MAR-JAC POULTRY, INC.

MAR-JAC POULTRY, INC.EIN 58-0828569Plan #002PY 2016

P.O. BOX 1017 - GAINESVILLE, GA 30503770-536-0561marjacpoultry.comLinkedIn1001-5000 employeesfood production

Prospect flagsLow returnsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed December 9, 2021

Plan administrator

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1020 Aviation Blvd.

Gainesville, GA 30501

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Plans declared (1)

Nonqualified Deferred Compensation Plan15 emp

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Total assets (EOY)

$38.2M

+6.9% from 2015

Total participants

2,092

+4.1% from 2015

Average account balance

$39,484

+2.7% from 2015

Annual return

5.33%

+5.22 pp from 2015

Benchmarks

See 53 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort53 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$89.20M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

1,344

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.

45.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.71M

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

+10.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$93,892
MAR-JAC POULTRY, INC1 year Filed as: MAR-JAC POULTRY, INC. Service code 10	Accounting	$7,000
MAR-JAC POULTRY, INC1 year Service code 10 · EIN 58-0828569	Accounting	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSCHUSETTS MUTUAL LIFE INS. CO. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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.

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$94K

$46 / participant

Investment mgmt$40K42.1%
Contract admin$54K57.9%

% of EOY assets

0.246%

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: FROST, PLLC
Auditor EIN: 710817652
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,484

$32,530+21.4%

$106,619-63.0%

$63,975-38.3%

Participation rate

45.3%

55.7%-10.4pp

78.0%-32.7pp

71.1%-25.8pp

Annual return

5.33%

8.92%-3.6pp

9.42%-4.1pp

48.65%-43.3pp

Employer contribution / active EE

$757

$724+4.6%

$3,947-80.8%

$2,182-65.3%

Participant deferral / active EE

$941

$1,383-31.9%

$3,930-76.0%

$3,356-72.0%

Admin fee / account holder

$97

$61+59.0%

$6,418-98.5%

$70+37.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$93,892

MAR-JAC POULTRY, INC1 year

Filed as: MAR-JAC POULTRY, INC.

Service code 10

Accounting

$7,000

MAR-JAC POULTRY, INC1 year

Service code 10 · EIN 58-0828569

Accounting

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSCHUSETTS MUTUAL LIFE INS. CO.

Service code 60

Sub-TA Fees

MAR-JAC POULTRY, INC. 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAR-JAC POULTRY, INC. 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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