Retirement plan

B & W QUALITY GROWERS, LLC SAVINGS PLAN

Name: B & W QUALITY GROWERS, LLC - B & W QUALITY GROWERS, LLC SAVINGS PLAN (2016) Form 5500
Creator: B & W QUALITY GROWERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B & W QUALITY GROWERS, LLC SAVINGS PLAN, B & W QUALITY GROWERS, LLC

B & W QUALITY GROWERS, LLCEIN 59-1237359Plan #001PY 2016

7798 COUNTY ROAD 512 - FELLSMERE, FL 32948772-571-0800bwqualitygrowers.comLinkedIn201-500 employeesfarming

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

+15.6% from 2015

Total participants

127

-3.8% from 2015

Average account balance

$31,838

-20.9% from 2015

Annual return

6.43%

+9.60 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.02M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

21.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$610K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11587

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

Top 10 of 22 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN NATIONAL Service code 13 · EIN 35-1140070	Contract Administrator	$40,722
STADION MONEY MANAGEMENT2+ years Service code 15 · EIN 58-2099805	Recordkeeping	$7,626
CARPENTER MORSE GROUP1 year Service code 15 · EIN 81-4636200	Recordkeeping	$1,200
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$238
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FA FREEDOM 2005 T- FMR CO., INC. Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FA FREEDOM 2013 T-FMR CO., INC Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FA FREEDOM 2015 T-FMR CO., INC. Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FA FREEDOM 2020 T-FMR CO., INC Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FA FREEDOM 2025 T- FMR CO., INC Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FA FREEDOM 2035 T-FMR CO., INC. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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

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

$50K

$392 / participant

Other / not subdivided$50K100.0%

% of EOY assets

1.646%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE HORWATH, LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,838

$50,643-37.1%

$106,619-70.1%

$55,167-42.3%

Participation rate

74.8%

65.6%+9.3pp

78.0%-3.2pp

69.0%+5.8pp

Annual return

6.43%

7.02%-0.6pp

9.42%-3.0pp

169.23%-162.8pp

Employer contribution / active EE

$1,122

$1,626-31.0%

$3,947-71.6%

$1,963-42.8%

Participant deferral / active EE

$1,689

$2,208-23.5%

$3,930-57.0%

$3,054-44.7%

Admin fee / account holder

$524

$488+7.4%

$6,418-91.8%

$504+4.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2+ years

Filed as: LINCOLN NATIONAL

Service code 13 · EIN 35-1140070

Contract Administrator

$40,722

STADION MONEY MANAGEMENT2+ years

Service code 15 · EIN 58-2099805

Recordkeeping

$7,626

CARPENTER MORSE GROUP1 year

Service code 15 · EIN 81-4636200

Recordkeeping

$1,200

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$238

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FA FREEDOM 2005 T- FMR CO., INC.

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FA FREEDOM 2013 T-FMR CO., INC

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FA FREEDOM 2015 T-FMR CO., INC.

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FA FREEDOM 2020 T-FMR CO., INC

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FA FREEDOM 2025 T- FMR CO., INC

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FA FREEDOM 2035 T-FMR CO., INC.

Service code 60

Sub-TA Fees

B & W QUALITY GROWERS, LLC SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B & W QUALITY GROWERS, LLC SAVINGS 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