Retirement plan

HICKORY FOODS, INC. 401(K) PLAN

Name: HICKORY FOODS, INC. - HICKORY FOODS, INC. 401(K) PLAN (2017) Form 5500
Creator: HICKORY FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HICKORY FOODS, INC. 401(K) PLAN, HICKORY FOODS, INC.

HICKORY FOODS, INC.EIN 59-3348735Plan #001PY 2017

4339 ROOSEVELT BLVD, SUITE 400 - JACKSONVILLE, FL 32210904-482-1900bubba-burger.comLinkedIn51-200 employeescomputer software

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

+20.6% from 2016

Total participants

227

-0.4% from 2016

Average account balance

$46,817

+40.3% from 2016

Annual return

16.57%

-18.46 pp from 2016

Benchmarks

See 130 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort130 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.37M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

107

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.

41.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$825K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

-17.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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
BLACK CREEK RETIREMENT PLANS2 years Service code 13 6817 SOUTHPOINT PARKWAY #402 · JACKSONVILLE, FL 32216	Contract Administrator	$10,701
BLACK CREEK RETIREMENT PLANS1 year Filed as: BLACK CREEK RETIREMENT PLANS INC. Service code 13	Contract Administrator	$2,078
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,999
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,352

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$14K

$65 / participant

Investment mgmt$2K14.2%
Contract admin$11K76.2%
Other / not subdivided$1K9.6%

% of EOY assets

0.326%

all-in expense ratio

Categories reported

2 / 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: SMAOK, DAVIS & NIXON, LLP
Auditor EIN: 590602635
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,817

$40,479+15.7%

$78,210-40.1%

$62,293-24.8%

Participation rate

37.2%

54.6%-17.4pp

68.7%-31.5pp

69.5%-32.3pp

Annual return

16.57%

66.31%-49.7pp

40.90%-24.3pp

28.90%-12.3pp

Employer contribution / active EE

$479

$1,024-53.2%

$2,034-76.4%

$2,042-76.5%

Participant deferral / active EE

$1,777

$1,718+3.4%

$2,823-37.1%

$3,169-43.9%

Admin fee / account holder

$153

$376-59.4%

$3,758-95.9%

$479-68.1%

Provider

Service type

Compensation

BLACK CREEK RETIREMENT PLANS2 years

Service code 13

6817 SOUTHPOINT PARKWAY #402 · JACKSONVILLE, FL 32216

Contract Administrator

$10,701

BLACK CREEK RETIREMENT PLANS1 year

Filed as: BLACK CREEK RETIREMENT PLANS INC.

Service code 13

Contract Administrator

$2,078

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,999

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,352

HICKORY FOODS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HICKORY FOODS, 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