Retirement plan

FARM SERVICE, INC. 401(K) PLAN - HOXIE/WALNUT RIDGE

Name: FARM SERVICE, INC. - FARM SERVICE, INC. 401(K) PLAN - HOXIE/WALNUT RIDGE (2016) Form 5500
Creator: FARM SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARM SERVICE, INC. 401(K) PLAN - HOXIE/WALNUT RIDGE, FARM SERVICE, INC.

FARM SERVICE, INC.EIN 71-0390224Plan #001PY 2016

P.O. BOX 595 - WALNUT RIDGE, AR 72476870-886-7779fsicoop.comLinkedIn51-200 employeesautomotive

Other plans on this EIN

1 filing

#002Retirement-$2.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.5M

-3.5% from 2015

Total participants

-5.1% from 2015

Average account balance

$62,731

+0.5% from 2015

Annual return

4.23%

+6.03 pp from 2015

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.16M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

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.

105.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$275K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2255

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$681K

$10317 / participant

Other / not subdivided$681K100.0%

% of EOY assets

15.288%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,731

$69,977-10.4%

$108,582-42.2%

$62,881-0.2%

Participation rate

93.9%

72.9%+21.0pp

79.6%+14.4pp

69.3%+24.6pp

Annual return

4.23%

10.73%-6.5pp

-51.70%+55.9pp

20.14%-15.9pp

Employer contribution / active EE

$2,099

$2,135-1.7%

$3,758-44.1%

$2,281-8.0%

Participant deferral / active EE

$2,673

$3,165-15.5%

$4,311-38.0%

$3,203-16.5%

Admin fee / account holder

$9,590

$5,076+88.9%

$7,645+25.4%

$4,296+123.2%

FARM SERVICE, INC. 401(K) PLAN - HOXIE/WALNUT RIDGE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARM SERVICE, INC. 401(K) PLAN - HOXIE/WALNUT RIDGE

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