Retirement plan

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

Name: FARM SERVICE, INC. - FARM SERVICE, INC. 401(K) PLAN - HOXIE/WALNUT RIDGE (2022) 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 2022

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

Other plans on this EIN

1 filing

#002Retirement-$2.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

-17.0% from 2021

Total participants

-1.4% from 2021

Average account balance

$57,993

-15.5% from 2021

Annual return

-11.39%

-19.70 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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 codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$489K

$9055 / participant

Other / not subdivided$489K100.0%

% of EOY assets

15.056%

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

$57,993

$81,870-29.2%

$119,622-51.5%

$68,486-15.3%

Participation rate

77.8%

71.9%+5.9pp

79.3%-1.5pp

67.9%+9.9pp

Annual return

-11.39%

-23.82%+12.4pp

-14.98%+3.6pp

-7.85%-3.5pp

Employer contribution / active EE

$2,017

$2,692-25.1%

$4,232-52.3%

$2,597-22.3%

Participant deferral / active EE

$2,387

$4,148-42.4%

$5,601-57.4%

$4,028-40.7%

Admin fee / account holder

$8,732

$6,583+32.6%

$10,328-15.5%

$5,404+61.6%

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