Retirement plan

THE HEARTLAND CATFISH/TACKETT FARMS 401(K) PLAN

Name: HEARTLAND CATFISH COMPANY, INC. - THE HEARTLAND CATFISH/TACKETT FARMS 401(K) PLAN (2023) Form 5500
Creator: HEARTLAND CATFISH COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HEARTLAND CATFISH/TACKETT FARMS 401(K) PLAN, HEARTLAND CATFISH COMPANY, INC.

HEARTLAND CATFISH COMPANY, INC.EIN 64-0784239Plan #001PY 2023

55001 HIGHWAY 82 W - ITTA BENA, MS 38941662-254-7100heartlandcatfish.comLinkedIn201-500 employeesfood production

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$8M

+11.7% from 2022

Total participants

378

+19.2% from 2022

Average account balance

$72,854

+9.7% from 2022

Annual return

12.09%

+25.68 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.28M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

112

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.

23.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$589K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$467

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
T. E. LOTT AND COMPANY1 year Filed as: T.E. LOTT & COMPANY, P.A. Service code 13 221 7TH STREET NORTH · COLUMBUS, MS 39703	Contract Administrator	$22,060
THE HARTFORD1 year Filed as: TAYLOR, POWELL, WILSON & HARTFORD Service code 10 P.O. BOX 9369 · GREENWOOD, MS 38930	Accounting	$14,000
LPL FINANCIAL9+ years Filed as: LPL FINANCIAL LLC Service code 27 P.O. BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$13,286
STEPHENS INC1 year Filed as: STEPHENS GROUP ASSET MANAGEMENT Service code 27 100 RIVER BLUFF DR UNIT 220 · LITTLE ROCK, AR 72202	Advisory (Plan)	$5,222
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 99 6300 BRIDGE POINT PKWY BLDG 1 STE 3 · AUSTIN, TX 787305097	Other Fees	$131
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$750

$2 / participant

Investment mgmt$750100.0%

% of EOY assets

0.009%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TAYLOR POWELL WILSON & HARFORD PA.
Auditor EIN: 640796051
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,854

$69,823+4.3%

$77,163-5.6%

$74,419-2.1%

Participation rate

23.4%

70.0%-46.6pp

69.6%-46.1pp

70.7%-47.3pp

Annual return

12.09%

19.98%-7.9pp

37.87%-25.8pp

34.38%-22.3pp

Employer contribution / active EE

$569

$2,150-73.5%

$2,535-77.5%

$2,637-78.4%

Participant deferral / active EE

$1,235

$3,558-65.3%

$3,833-67.8%

$4,528-72.7%

Admin fee / account holder

$398-98.3%

$5,472-99.9%

$348-98.0%

Provider

Service type

Compensation

T. E. LOTT AND COMPANY1 year

Filed as: T.E. LOTT & COMPANY, P.A.

Service code 13

221 7TH STREET NORTH · COLUMBUS, MS 39703

Contract Administrator

$22,060

THE HARTFORD1 year

Filed as: TAYLOR, POWELL, WILSON & HARTFORD

Service code 10

P.O. BOX 9369 · GREENWOOD, MS 38930

Accounting

$14,000

LPL FINANCIAL9+ years

Filed as: LPL FINANCIAL LLC

Service code 27

P.O. BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$13,286

STEPHENS INC1 year

Filed as: STEPHENS GROUP ASSET MANAGEMENT

Service code 27

100 RIVER BLUFF DR UNIT 220 · LITTLE ROCK, AR 72202

Advisory (Plan)

$5,222

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 99

6300 BRIDGE POINT PKWY BLDG 1 STE 3 · AUSTIN, TX 787305097

Other Fees

$131

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

THE HEARTLAND CATFISH/TACKETT FARMS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HEARTLAND CATFISH/TACKETT FARMS 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