Retirement plan

PARADISE TOMATO KITCHENS, INC. 401(K) PROFIT SHARING PLAN

Name: PARADISE TOMATO KITCHENS, INC. - PARADISE TOMATO KITCHENS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: PARADISE TOMATO KITCHENS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARADISE TOMATO KITCHENS, INC. 401(K) PROFIT SHARING PLAN, PARADISE TOMATO KITCHENS, INC.

PARADISE TOMATO KITCHENS, INC.EIN 61-1223475Plan #001PY 2016

1500 S. BROOK STREET - LOUISVILLE, KY 40208502-637-1700

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8.7M

No prior year

Total participants

185

No prior year

Average account balance

$60,287

No prior year

Annual return

9.85%

No prior year

Benchmarks

See 933 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort933 peers

Snapshot2016

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

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

$1.11M

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

-95.67%

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NETWORK AGENCY INC2+ years Service code 53 · EIN 62-1664787	Insurance Commissions	$20,689
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: RETIREMENT PLAN RESOURCES Service code 13	Contract Administrator	$3,987
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL INSURANCE CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,750
BALDWIN & BALDWIN PLLC1+ years Filed as: BALDWIN CPAS DBA RPR Service code 13 · EIN 20-1416603	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$23 / participant

Investment mgmt$3K83.5%
Contract admin$62016.5%

% of EOY assets

0.043%

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: JONES, NALE AND MATTINGLY, PLC
Auditor EIN: 610420207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,287

$46,072+30.9%

$69,779-13.6%

$55,167+9.3%

Participation rate

74.4%

67.5%+6.9pp

71.8%+2.6pp

69.0%+5.4pp

Annual return

9.85%

8.68%+1.2pp

12.99%-3.1pp

169.23%-159.4pp

Employer contribution / active EE

$2,006

$1,500+33.8%

$2,338-14.2%

$1,963+2.2%

Participant deferral / active EE

$4,022

$2,344+71.6%

$2,931+37.2%

$3,054+31.7%

Admin fee / account holder

$26

$428-93.9%

$4,381-99.4%

$504-94.8%

Provider

Service type

Compensation

NETWORK AGENCY INC2+ years

Service code 53 · EIN 62-1664787

Insurance Commissions

$20,689

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: RETIREMENT PLAN RESOURCES

Service code 13

Contract Administrator

$3,987

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL INSURANCE CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,750

BALDWIN & BALDWIN PLLC1+ years

Filed as: BALDWIN CPAS DBA RPR

Service code 13 · EIN 20-1416603

Contract Administrator

PARADISE TOMATO KITCHENS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARADISE TOMATO KITCHENS, INC. 401(K) PROFIT SHARING 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