Retirement plan

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

Name: ROYAL FOOD SERVICE COMPANY, INC. - ROYAL FOOD SERVICE COMPANY, INC. 401(K) PLAN (2022) 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 2022

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.3M

-14.7% from 2021

Total participants

440

+0.7% from 2021

Average account balance

$45,680

-10.1% from 2021

Annual return

-16.05%

-28.35 pp from 2021

Benchmarks

See 789 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort789 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$62,371
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN, STANLEY, SMITH, BARNEY, LLC Service code 22	Insurance Broker	$23,693
PENSION FINANCIAL SERVICES, INC.1 year Service code 15 · EIN 58-1485803 3700 CRESTWOOD PARKWAY SUITE 550 · DULUTH, GA 30097	Recordkeeping	$6,626
MORGAN STANLEY SMITH BARNEY2 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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$69K

$182 / participant

Contract admin$69K100.0%

% of EOY assets

0.744%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BENNETT THASHER, LLP
Auditor EIN: 581673613
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,680

$30,086+51.8%

$61,373-25.6%

$64,808-29.5%

Participation rate

37.6%

36.4%+1.3pp

52.6%-14.9pp

71.5%-33.8pp

Annual return

-16.05%

-13.99%-2.1pp

338.61%-354.7pp

32.82%-48.9pp

Employer contribution / active EE

$997

$536+85.9%

$1,159-14.0%

$2,506-60.2%

Participant deferral / active EE

$1,974

$1,126+75.4%

$2,125-7.1%

$4,310-54.2%

Admin fee / account holder

$340

$148+129.4%

$2,130-84.0%

$188+81.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$62,371

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN, STANLEY, SMITH, BARNEY, LLC

Service code 22

Insurance Broker

$23,693

PENSION FINANCIAL SERVICES, INC.1 year

Service code 15 · EIN 58-1485803

3700 CRESTWOOD PARKWAY SUITE 550 · DULUTH, GA 30097

Recordkeeping

$6,626

MORGAN STANLEY SMITH BARNEY2 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