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 (2022) 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 2022

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.8M

-20.3% from 2021

Total participants

301

+7.9% from 2021

Average account balance

$62,294

-20.6% from 2021

Annual return

-16.11%

-29.93 pp from 2021

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2022

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 6 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC2 years Filed as: SECURITIES AMERICA INC. Service code 53 · EIN 11-2551174 12325 PORT GRACE BLVD · LA VISTA, NE 68103	Insurance Commissions	$33,379
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$6,425
LATITUDE SERVICE COMPANY INC1 year Service code 13 · EIN 82-1371994 15000 N OAK DR · PLYMOUTH, IN 46563	Contract Administrator	$5,480
EPIC RETIREMENT PLAN SERVICES2 years Filed as: BALDWIN CPAS DBA RETIREMENT PLAN RE Service code 13 · EIN 20-1416603	Contract Administrator	$2,137
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 47-2534181 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$666
EPIC RETIREMENT PLAN SERVICES8+ years Filed as: RETIREMENT PLAN RESOURCES Service code 13 1500 N. OAK DRIVE · PLYMOUTH, IN 46563	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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$7K

$32 / participant

Contract admin$7K100.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,294

$50,199+24.1%

$70,098-11.1%

$66,930-6.9%

Participation rate

65.2%

66.3%-1.1pp

70.5%-5.3pp

69.8%-4.6pp

Annual return

-16.11%

-13.85%-2.3pp

190.76%-206.9pp

1.57%-17.7pp

Employer contribution / active EE

$2,244

$1,864+20.4%

$2,560-12.3%

$2,545-11.8%

Participant deferral / active EE

$4,237

$3,112+36.2%

$3,849+10.1%

$4,2380%

Admin fee / account holder

$33

$600-94.5%

$6,266-99.5%

$593-94.4%

Provider

Service type

Compensation

SECURITIES AMERICA INC2 years

Filed as: SECURITIES AMERICA INC.

Service code 53 · EIN 11-2551174

12325 PORT GRACE BLVD · LA VISTA, NE 68103

Insurance Commissions

$33,379

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$6,425

LATITUDE SERVICE COMPANY INC1 year

Service code 13 · EIN 82-1371994

15000 N OAK DR · PLYMOUTH, IN 46563

Contract Administrator

$5,480

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: BALDWIN CPAS DBA RETIREMENT PLAN RE

Service code 13 · EIN 20-1416603

Contract Administrator

$2,137

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 47-2534181

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$666

EPIC RETIREMENT PLAN SERVICES8+ years

Filed as: RETIREMENT PLAN RESOURCES

Service code 13

1500 N. OAK DRIVE · PLYMOUTH, IN 46563

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