Retirement plan

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

Name: HIGH FALLS OPERATING COMPANY, LLC - HIGH FALLS OPERATING CO. LLC HOURLY EMPLOYEES 401(K) PLAN (2016) Form 5500
Creator: HIGH FALLS OPERATING COMPANY, 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 COMPANY, LLC

HIGH FALLS OPERATING COMPANY, LLCEIN 80-0301564Plan #004PY 2016

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

Other plans on this EIN

1 filing

#001Retirement-$1.1M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$8.7M

+17.1% from 2015

Total participants

354

-0.8% from 2015

Average account balance

$42,832

+18.8% from 2015

Annual return

8.20%

+8.54 pp from 2015

Benchmarks

See 682 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort682 peers

Snapshot2016

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 3 by compensation

Provider	Service type	Compensation
UNIFIED TRUST COMPANY, N.A.2+ years Service code 13 · EIN 61-1256314	Contract Administrator	$25,258
APFS WEALTH MANAGEMENT2+ years Service code 27 350 LINDEN OAKS SUITE 140 · ROCHESTER, NY 14625	Advisory (Plan)	$23,189
STEPHEN R. SCHMITZ, CPA2+ years Service code 10 · EIN 16-1407370 1049 BRITTON RD. · ROCHESTER, NY 14616	Accounting	$2,900

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$51K

$154 / participant

Contract admin$51K100.0%

% of EOY assets

0.588%

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

$42,832

$50,106-14.5%

$69,779-38.6%

$57,658-25.7%

Participation rate

55.1%

70.9%-15.8pp

71.8%-16.7pp

70.2%-15.1pp

Annual return

8.20%

14.58%-6.4pp

12.99%-4.8pp

5.13%+3.1pp

Employer contribution / active EE

$1,739-100.0%

$2,338-100.0%

$1,974-100.0%

Participant deferral / active EE

$2,285

$2,486-8.1%

$2,931-22.0%

$3,061-25.4%

Admin fee / account holder

$252

$89+182.2%

$4,381-94.3%

$95+166.3%

Provider

Service type

Compensation

UNIFIED TRUST COMPANY, N.A.2+ years

Service code 13 · EIN 61-1256314

Contract Administrator

$25,258

APFS WEALTH MANAGEMENT2+ years

Service code 27

350 LINDEN OAKS SUITE 140 · ROCHESTER, NY 14625

Advisory (Plan)

$23,189

STEPHEN R. SCHMITZ, CPA2+ years

Service code 10 · EIN 16-1407370

1049 BRITTON RD. · ROCHESTER, NY 14616

Accounting

$2,900

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