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 (2023) 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 2023

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

Other plans on this EIN

2 filings

#001Retirement--#003Retirement--

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$4M

+19.6% from 2022

Total participants

161

-3.0% from 2022

Average account balance

$28,796

+15.3% from 2022

Annual return

17.22%

+35.21 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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 INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$27,664

Plan features & details

Pension benefit codes2J2T3D2E2G2F

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

$29K

$213 / participant

Recordkeeping$28K96.9%
Investment mgmt$8993.1%

% of EOY assets

0.719%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JONES & MALHOTRA
Auditor EIN: 954668647
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,796

$56,438-49.0%

$76,902-62.6%

$71,529-59.7%

Participation rate

82.8%

64.3%+18.5pp

69.6%+13.2pp

67.9%+14.9pp

Annual return

17.22%

19.05%-1.8pp

37.91%-20.7pp

28.97%-11.8pp

Employer contribution / active EE

$728

$1,864-60.9%

$2,534-71.3%

$2,590-71.9%

Participant deferral / active EE

$1,023

$3,136-67.4%

$3,833-73.3%

$4,291-76.2%

Admin fee / account holder

$207

$1,430-85.5%

$5,479-96.2%

$1,588-87.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$27,664

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