Retirement plan

SOUTHERN TEA, LLC BARGAINING UNIT EMPLOYEES 401(K) PENSION PLAN

Name: HARRIS FREEMAN-SOUTHERN TEA - SOUTHERN TEA, LLC BARGAINING UNIT EMPLOYEES 401(K) PENSION PLAN (2020) Form 5500
Creator: HARRIS FREEMAN-SOUTHERN TEA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN TEA, LLC BARGAINING UNIT EMPLOYEES 401(K) PENSION PLAN, HARRIS FREEMAN-SOUTHERN TEA

HARRIS FREEMAN-SOUTHERN TEAEIN 76-0701392Plan #002PY 2020

1267 COBB INDUSTRIAL DRIVE - MARIETTA, GA 30066678-819-3311

Other plans on this EIN

2 filings

#001Retirement-$5.0M assets #003Retirement-$3.0M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$4M

+16.8% from 2019

Total participants

178

+6.6% from 2019

Average account balance

$25,800

+16.8% from 2019

Annual return

18.05%

+3.27 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

163

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.

67.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$261K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$27,434

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$28K

$184 / participant

Investment mgmt$6832.4%
Other / not subdivided$27K97.6%

% of EOY assets

0.699%

all-in expense ratio

Categories reported

1 / 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: JONES & MALHOTRA
Auditor EIN: 954668647
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,800

$54,590-52.7%

$81,726-68.4%

$73,497-64.9%

Participation rate

85.6%

68.3%+17.3pp

72.0%+13.6pp

70.7%+14.9pp

Annual return

18.05%

17.74%+0.3pp

29.49%-11.4pp

28.51%-10.5pp

Employer contribution / active EE

$721

$1,636-55.9%

$4,311-83.3%

$2,270-68.2%

Participant deferral / active EE

$1,057

$2,759-61.7%

$7,108-85.1%

$3,740-71.7%

Admin fee / account holder

$180

$592-69.6%

$5,160-96.5%

$513-64.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$27,434

SOUTHERN TEA, LLC BARGAINING UNIT EMPLOYEES 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN TEA, LLC BARGAINING UNIT EMPLOYEES 401(K) PENSION 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