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 (2017) 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 2017

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

Other plans on this EIN

1 filing

#001Retirement-$945K assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.4M

+18.6% from 2016

Total participants

374

+5.6% from 2016

Average account balance

$46,059

+7.5% from 2016

Annual return

14.25%

+6.05 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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
APFS WEALTH MANAGEMENT3+ years Service code 27 350 LINDEN OAKS SUITE 140 · ROCHESTER, NY 14625	Advisory (Plan)	$27,647
UNIFIED TRUST COMPANY, N.A.3+ years Service code 13 · EIN 61-1256314	Contract Administrator	$27,180
STEPHEN R. SCHMITZ, CPA3+ 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

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

$58K

$167 / participant

Contract admin$58K100.0%

% of EOY assets

0.557%

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

$46,059

$53,925-14.6%

$75,501-39.0%

$69,631-33.9%

Participation rate

56.9%

71.2%-14.3pp

72.4%-15.4pp

70.7%-13.7pp

Annual return

14.25%

17.84%-3.6pp

27.35%-13.1pp

27571.02%-27556.8pp

Employer contribution / active EE

$1,802-100.0%

$2,352-100.0%

$2,032-100.0%

Participant deferral / active EE

$2,366

$2,569-7.9%

$3,142-24.7%

$3,224-26.6%

Admin fee / account holder

$257

$97+164.2%

$5,801-95.6%

$110+132.3%

Provider

Service type

Compensation

APFS WEALTH MANAGEMENT3+ years

Service code 27

350 LINDEN OAKS SUITE 140 · ROCHESTER, NY 14625

Advisory (Plan)

$27,647

UNIFIED TRUST COMPANY, N.A.3+ years

Service code 13 · EIN 61-1256314

Contract Administrator

$27,180

STEPHEN R. SCHMITZ, CPA3+ 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