Retirement plan

CUSANO'S BAKERY 401(K) PLAN

Name: CUSANO'S ITALIAN BAKERY, INC - CUSANO'S BAKERY 401(K) PLAN (2017) Form 5500
Creator: CUSANO'S ITALIAN BAKERY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUSANO'S BAKERY 401(K) PLAN, CUSANO'S ITALIAN BAKERY, INC

CUSANO'S ITALIAN BAKERY, INCEIN 59-1550859Plan #001PY 2017

5480 WEST HILLSBORO BLVD. - COCONUT CREEK, FL 33073954-458-1010cusanos.comLinkedIn51-200 employeesfood production

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+39.9% from 2016

Total participants

198

+32.9% from 2016

Average account balance

$15,502

+1.6% from 2016

Annual return

19.47%

+13.50 pp from 2016

Benchmarks

See 935 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort935 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.12M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

249

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 1 by compensation

Provider	Service type	Compensation
SECURITY FINANCIAL RESOURCES3+ years Service code 15 · EIN 48-1236469 ONE SECURITY BENEFIT PLACE · TOPEKA, KS 666360001	Recordkeeping	$7,294

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$7K

$44 / participant

Contract admin$7K100.0%

% of EOY assets

0.300%

all-in expense ratio

Categories reported

1 / 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: TOLLEY & HILL, PLLC
Auditor EIN: 453835896
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,502

$50,385-69.2%

$75,501-79.5%

$62,293-75.1%

Participation rate

75.0%

67.7%+7.3pp

72.4%+2.6pp

69.5%+5.5pp

Annual return

19.47%

19.90%-0.4pp

27.35%-7.9pp

28.90%-9.4pp

Employer contribution / active EE

$1,354

$1,537-11.9%

$2,352-42.4%

$2,042-33.7%

Participant deferral / active EE

$2,176

$2,445-11.0%

$3,142-30.8%

$3,169-31.3%

Admin fee / account holder

$46

$384-87.9%

$5,801-99.2%

$479-90.3%

Provider

Service type

Compensation

SECURITY FINANCIAL RESOURCES3+ years

Service code 15 · EIN 48-1236469

ONE SECURITY BENEFIT PLACE · TOPEKA, KS 666360001

Recordkeeping

$7,294

CUSANO'S BAKERY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUSANO'S BAKERY 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