Retirement plan

ROYAL FOOD SERVICE COMPANY, INC. 401(K) PLAN

Name: ROYAL FOOD SERVICE COMPANY, INC. - ROYAL FOOD SERVICE COMPANY, INC. 401(K) PLAN (2024) Form 5500
Creator: ROYAL FOOD SERVICE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROYAL FOOD SERVICE COMPANY, INC. 401(K) PLAN, ROYAL FOOD SERVICE COMPANY, INC.

ROYAL FOOD SERVICE COMPANY, INC.EIN 58-2115682Plan #001PY 2024

3720 ZIP INDUSTRIAL BLVD. - ATLANTA, GA 30354404-366-4299royalfoodservice.comLinkedIn201-500 employeesfood & beverages

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.9M

+12.2% from 2023

Total participants

479

+7.2% from 2023

Average account balance

$61,782

+14.9% from 2023

Annual return

12.25%

-4.12 pp from 2023

Benchmarks

See 935 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort935 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.91M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

209

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.

36.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 15 · EIN 13-3689044	Recordkeeping	$78,684
SBHU LIFE AGENCY INC2 years Filed as: SBHU/MORGAN STATNLEY SMITH BARNEY Service code 22	Insurance Broker	$29,971
PENSION FINANCIAL SERVICES, INC.3 years Service code 15 · EIN 58-1485803	Recordkeeping	$11,754
MORGAN STANLEY SMITH BARNEY4 years Filed as: SBHU/MORGAN STANLEY SMITH BARNEY LL Service code 22 · EIN 13-2896238	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$84K

$199 / participant

Contract admin$84K100.0%

% of EOY assets

0.652%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,782

$29,507+109.4%

$56,025+10.3%

$77,762-20.5%

Participation rate

36.2%

32.7%+3.4pp

52.5%-16.3pp

70.6%-34.4pp

Annual return

12.25%

18.90%-6.6pp

1712.69%-1700.4pp

31.27%-19.0pp

Employer contribution / active EE

$1,092

$570+91.6%

$1,042+4.8%

$2,728-60.0%

Participant deferral / active EE

$2,126

$1,062+100.2%

$1,955+8.8%

$4,651-54.3%

Admin fee / account holder

$403

$1,041-61.3%

$2,828-85.8%

$433-6.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 15 · EIN 13-3689044

Recordkeeping

$78,684

SBHU LIFE AGENCY INC2 years

Filed as: SBHU/MORGAN STATNLEY SMITH BARNEY

Service code 22

Insurance Broker

$29,971

PENSION FINANCIAL SERVICES, INC.3 years

Service code 15 · EIN 58-1485803

Recordkeeping

$11,754

MORGAN STANLEY SMITH BARNEY4 years

Filed as: SBHU/MORGAN STANLEY SMITH BARNEY LL

Service code 22 · EIN 13-2896238

Insurance Broker

ROYAL FOOD SERVICE COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROYAL FOOD SERVICE COMPANY, 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