Retirement plan

MCKEE FOODS RETIREMENT PLAN

Name: MCKEE FOODS CORPORATION - MCKEE FOODS RETIREMENT PLAN (2024) Form 5500
Creator: MCKEE FOODS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKEE FOODS RETIREMENT PLAN, MCKEE FOODS CORPORATION

MCKEE FOODS CORPORATIONEIN 62-0450611Plan #001PY 2024

P.O. BOX 750 - COLLEGEDALE, TN 373150750423-238-7111mckeefoods.comLinkedIn5001-10000 employeesfood production

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed November 16, 1995

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1005M

-10.7% from 2017

Total participants

8,165

-2.7% from 2017

Average account balance

$125,494

-7.8% from 2017

Annual return

12.25%

-10.43 pp from 2017

Benchmarks

See 45 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort45 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.08B

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

7,730

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$652,325
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN TRUST COMPANY Service code 28 · EIN 62-0951563	Investment Management	$277,730
FISHER INVESTMENTS5 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$89,250
NEW ENGLAND PENSION CONSULTANTS1 year Filed as: NEW ENGLAND PENSION CONSULTANTS,INC Service code 28 · EIN 04-2927339	Investment Management	$85,897
NORTH PIER FIDUCIARY MANAGEMENT, LL1 year Filed as: NORTH PIER FIDUCIARY MANAGEMEN Service code 28 · EIN 26-3521867	Investment Management	$82,054
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$14,210
EVERGREEN ADVISORS, LLC3 years Filed as: EVERGREEN ADVISORS LLC Service code 26 · EIN 80-0270035	Advisory (Participants)	$12,077
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$160 / participant

Recordkeeping$566K50.2%
Trustee / custodial$93K8.2%
Investment mgmt$106K9.4%
Legal$278K24.6%
Other / not subdivided$85K7.5%

% of EOY assets

0.112%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIOTT DAVIS LLC
Auditor EIN: 570381582
Audit fees: $84,654
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,494

$103,282+21.5%

$81,370+54.2%

$99,313+26.4%

Participation rate

97.8%

73.2%+24.6pp

69.5%+28.2pp

71.7%+26.1pp

Annual return

12.25%

15.11%-2.9pp

24.85%-12.6pp

17.67%-5.4pp

Employer contribution / active EE

$3,855

$3,061+26.0%

$2,464+56.5%

$3,264+18.1%

Participant deferral / active EE

$6,079

$4,549+33.6%

$3,885+56.5%

$5,346+13.7%

Admin fee / account holder

$141

$78+79.4%

$5,749-97.6%

$109+28.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$652,325

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN TRUST COMPANY

Service code 28 · EIN 62-0951563

Investment Management

$277,730

FISHER INVESTMENTS5 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$89,250

NEW ENGLAND PENSION CONSULTANTS1 year

Filed as: NEW ENGLAND PENSION CONSULTANTS,INC

Service code 28 · EIN 04-2927339

Investment Management

$85,897

NORTH PIER FIDUCIARY MANAGEMENT, LL1 year

Filed as: NORTH PIER FIDUCIARY MANAGEMEN

Service code 28 · EIN 26-3521867

Investment Management

$82,054

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$14,210

EVERGREEN ADVISORS, LLC3 years

Filed as: EVERGREEN ADVISORS LLC

Service code 26 · EIN 80-0270035

Advisory (Participants)

$12,077

CHARLES SCHWAB & CO., INC.6 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

MCKEE FOODS RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKEE FOODS RETIREMENT PLAN

Top hat statement on fileNQDC

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