Retirement plan

PAULS FRUIT MARKET 401(K) PLAN

Name: PAUL'S FRUIT MARKET - PAULS FRUIT MARKET 401(K) PLAN (2020) Form 5500
Creator: PAUL'S FRUIT MARKET
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAULS FRUIT MARKET 401(K) PLAN, PAUL'S FRUIT MARKET

PAUL'S FRUIT MARKETEIN 61-0875170Plan #001PY 2020

4601 JENNINGS LANE - LOUISVILLE, KY 40218502-458-7641paulsfruit.comLinkedIn1-10 employeesretail

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+11.1% from 2019

Total participants

132

+10.0% from 2019

Average account balance

$60,490

+1.5% from 2019

Annual return

15.39%

-5.89 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.82M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

103

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.

53.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$464K

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

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 5 by compensation

Provider	Service type	Compensation
MATHER & CO., CPAS, LLC3 years Filed as: MATHER & COMPANY CPAS LLC Service code 10 · EIN 61-1210177	Accounting	$8,700
ASCENSUS LLC5 years Filed as: RETIREMENT MANAGEMENT SERVICES Service code 99 · EIN 31-1560462	Other Fees	$4,232
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$111
VOYA RETIREMENT INSURANCE & ANNUITY5 years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$111
MORNINGSTAR5 years Service code 26 · EIN 36-3297908	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$120 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.236%

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: MATHER & COMPANY CPAS, LLC
Auditor EIN: 611210177
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,490

$54,573+10.8%

$90,965-33.5%

$73,493-17.7%

Participation rate

64.5%

61.2%+3.4pp

69.0%-4.5pp

70.7%-6.1pp

Annual return

15.39%

16.69%-1.3pp

134.57%-119.2pp

28.51%-13.1pp

Employer contribution / active EE

$873

$991-12.0%

$2,122-58.9%

$2,270-61.6%

Participant deferral / active EE

$3,058

$2,517+21.5%

$3,373-9.3%

$3,740-18.2%

Admin fee / account holder

$143

$521-72.7%

$5,960-97.6%

$513-72.2%

Provider

Service type

Compensation

MATHER & CO., CPAS, LLC3 years

Filed as: MATHER & COMPANY CPAS LLC

Service code 10 · EIN 61-1210177

Accounting

$8,700

ASCENSUS LLC5 years

Filed as: RETIREMENT MANAGEMENT SERVICES

Service code 99 · EIN 31-1560462

Other Fees

$4,232

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$111

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

$111

MORNINGSTAR5 years

Service code 26 · EIN 36-3297908

Advisory (Participants)

PAULS FRUIT MARKET 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAULS FRUIT MARKET 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