Retirement plan

HIGH FALLS OPERATING CO. LLC HOURLY EMPLOYEES 401(K) PLAN

Name: HIGH FALLS OPERATING CO. LLC. - HIGH FALLS OPERATING CO. LLC HOURLY EMPLOYEES 401(K) PLAN (2015) Form 5500
Creator: HIGH FALLS OPERATING CO. LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH FALLS OPERATING CO. LLC HOURLY EMPLOYEES 401(K) PLAN, HIGH FALLS OPERATING CO. LLC.

HIGH FALLS OPERATING CO. LLC.EIN 80-0301564Plan #004PY 2015

445 ST. PAUL STREET - ROCHESTER, NY 14605585-263-9221LinkedIn201-500 employeesfood production

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.5M

No prior year

Total participants

357

No prior year

Average account balance

$36,053

No prior year

Annual return

-0.34%

No prior year

Benchmarks

See 601 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.15M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

227

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.

56.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$392

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 4 by compensation

Provider	Service type	Compensation
APFS WEALTH MANAGEMENT1+ years Service code 27 350 LINDEN OAKS SUITE 140 · ROCHESTER, NY 14625	Advisory (Plan)	$21,634
UNIFIED TRUST COMPANY, N.A.1+ years Service code 21 · EIN 61-1256314	Bank Trustee	$13,533
LIFETIME BENEFIT SOLUTIONS1+ years Service code 15 · EIN 16-1171765	Recordkeeping	$12,523
STEPHEN R. SCHMITZ, CPA1+ years Service code 10 · EIN 16-1407370 1049 BRITTON RD. · ROCHESTER, NY 14616	Accounting	$5,600

Plan features & details

Pension benefit codes2E2G2J3D2F2T

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$53K

$162 / participant

Investment mgmt$35K66.0%
Other / not subdivided$18K34.0%

% of EOY assets

0.714%

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: INSERO & CO. CPAS, LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,053

$48,277-25.3%

$63,244-43.0%

$55,191-34.7%

Participation rate

54.3%

69.4%-15.1pp

71.0%-16.8pp

69.2%-14.9pp

Annual return

-0.34%

2.37%-2.7pp

-70.31%+70.0pp

10.78%-11.1pp

Employer contribution / active EE

$1,592-100.0%

$2,322-100.0%

$1,899-100.0%

Participant deferral / active EE

$2,028

$2,432-16.6%

$2,953-31.3%

$3,046-33.4%

Admin fee / account holder

$257

$86+199.5%

$5,893-95.6%

$91+183.6%

Provider

Service type

Compensation

APFS WEALTH MANAGEMENT1+ years

Service code 27

350 LINDEN OAKS SUITE 140 · ROCHESTER, NY 14625

Advisory (Plan)

$21,634

UNIFIED TRUST COMPANY, N.A.1+ years

Service code 21 · EIN 61-1256314

Bank Trustee

$13,533

LIFETIME BENEFIT SOLUTIONS1+ years

Service code 15 · EIN 16-1171765

Recordkeeping

$12,523

STEPHEN R. SCHMITZ, CPA1+ years

Service code 10 · EIN 16-1407370

1049 BRITTON RD. · ROCHESTER, NY 14616

Accounting

$5,600

HIGH FALLS OPERATING CO. LLC HOURLY EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH FALLS OPERATING CO. LLC HOURLY EMPLOYEES 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