Retirement plan

MISSISSIPPI AG COMPANY INC. 401(K) PLAN

Name: MISSISSIPPI AG COMPANY INC. - MISSISSIPPI AG COMPANY INC. 401(K) PLAN (2016) Form 5500
Creator: MISSISSIPPI AG COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MISSISSIPPI AG COMPANY INC. 401(K) PLAN, MISSISSIPPI AG COMPANY INC.

MISSISSIPPI AG COMPANY INC.EIN 64-0470043Plan #001PY 2016

441 NORTH HALEY BARBOUR PKWY - YAZOO CITY, MS 39194662-746-6208agup.comLinkedIn201-500 employeesfarming

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.7M

+6.5% from 2015

Total participants

295

-1.7% from 2015

Average account balance

$68,490

+13.5% from 2015

Annual return

9.79%

+15.98 pp from 2015

Benchmarks

See 263 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort263 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.08M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

353

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.

85.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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
BANKPLUS WEALTH MANAGEMENT2+ years Service code 27 1018 HIGHLAND COLONY PARKWAY, · RIDGELAND, MS 39157	Advisory (Plan)	$56,513
FOUNDATION RESOURCE MANAGEMENT2+ years Service code 27 401 W. CAPITOL AVE · LITTLE ROCK, AR 72201	Advisory (Plan)	$46,194
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$33,181
SIMMONS FIRST TRUST COMPANY2+ years Service code 21 · EIN 20-8980956	Bank Trustee	$18,000

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$156K

$621 / participant

Investment mgmt$57K36.2%
Contract admin$79K50.9%
Other / not subdivided$20K12.8%

% of EOY assets

0.933%

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: EATON, BABB & SMITH, P.A.
Auditor EIN: 640820501
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,490

$57,103+19.9%

$87,502-21.7%

$57,658+18.8%

Participation rate

79.7%

64.3%+15.3pp

73.8%+5.8pp

70.2%+9.5pp

Annual return

9.79%

12.71%-2.9pp

12.21%-2.4pp

5.13%+4.7pp

Employer contribution / active EE

$913

$1,107-17.5%

$2,550-64.2%

$1,974-53.7%

Participant deferral / active EE

$2,361

$2,250+4.9%

$3,149-25.0%

$3,061-22.9%

Admin fee / account holder

$639

$281+127.6%

$4,221-84.9%

$95+576.2%

Provider

Service type

Compensation

BANKPLUS WEALTH MANAGEMENT2+ years

Service code 27

1018 HIGHLAND COLONY PARKWAY, · RIDGELAND, MS 39157

Advisory (Plan)

$56,513

FOUNDATION RESOURCE MANAGEMENT2+ years

Service code 27

401 W. CAPITOL AVE · LITTLE ROCK, AR 72201

Advisory (Plan)

$46,194

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$33,181

SIMMONS FIRST TRUST COMPANY2+ years

Service code 21 · EIN 20-8980956

Bank Trustee

$18,000

MISSISSIPPI AG COMPANY INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MISSISSIPPI AG COMPANY 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