Retirement plan

WAYNE FARMS LLC 401(K) PLAN FOR UNION EMPLOYEES

Name: WAYNE FARMS LLC - WAYNE FARMS LLC 401(K) PLAN FOR UNION EMPLOYEES (2017) Form 5500
Creator: WAYNE FARMS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAYNE FARMS LLC 401(K) PLAN FOR UNION EMPLOYEES, WAYNE FARMS LLC

WAYNE FARMS LLCEIN 58-2530930Plan #013PY 2017

4110 CONTINENTAL DRIVE - OAKWOOD, GA 30566770-297-3414waynefarms.comLinkedIn10001+ employeesfood production

Other plans on this EIN

1 filing

#020Retirement-$121.2M assets

Prospect flagsHigh cashLow assets / participant

How to read this page

Total assets (EOY)

$22M

+24.7% from 2016

Total participants

4,499

-16.7% from 2016

Average account balance

$4,885

+35.9% from 2016

Annual return

18.87%

+8.18 pp from 2016

Benchmarks

See 58 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort58 peers

Snapshot2017

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.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-106.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 8-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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$224,403
QUALIFIED PLANS, LLC3+ years Service code 13 · EIN 58-2605083	Contract Administrator	$88,724
AMERICAN FUNDS1 year Service code 52 · EIN 95-6799669	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 13-5108880	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52	Indirect Investment Fees	$0
NUVEEN1 year Service code 52 · EIN 39-1970095	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-5657518	Indirect Investment Fees	$0
PGIM INVESTMENTS1 year Service code 52 · EIN 13-2631108	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$230K

$59 / participant

Contract admin$230K100.0%

% of EOY assets

1.049%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FRAZIER AND DEETER, LLC
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Disclaimer

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,885

$38,989-87.5%

$117,039-95.8%

$77,958-93.7%

Participation rate

100.0%

57.0%+43.0pp

77.2%+22.8pp

71.6%+28.4pp

Annual return

18.87%

20.61%-1.7pp

18.95%-0.1pp

20.87%-2.0pp

Employer contribution / active EE

$485

$1,026-52.7%

$3,785-87.2%

$2,310-79.0%

Participant deferral / active EE

$764

$1,621-52.9%

$3,929-80.6%

$3,537-78.4%

Admin fee / account holder

$51

$76-32.2%

$5,974-99.1%

$97-47.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$224,403

QUALIFIED PLANS, LLC3+ years

Service code 13 · EIN 58-2605083

Contract Administrator

$88,724

AMERICAN FUNDS1 year

Service code 52 · EIN 95-6799669

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 13-5108880

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52

Indirect Investment Fees

NUVEEN1 year

Service code 52 · EIN 39-1970095

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-5657518

Indirect Investment Fees

PGIM INVESTMENTS1 year

Service code 52 · EIN 13-2631108

Indirect Investment Fees

WAYNE FARMS LLC 401(K) PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAYNE FARMS LLC 401(K) PLAN FOR UNION EMPLOYEES

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