Retirement plan

CHAIRMANS FOODS, LLC 401K PLAN

Name: CHAIRMANS FOODS,LLC 401K PLAN - CHAIRMANS FOODS, LLC 401K PLAN (2021) Form 5500
Creator: CHAIRMANS FOODS,LLC 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHAIRMANS FOODS, LLC 401K PLAN, CHAIRMANS FOODS,LLC 401K PLAN

CHAIRMANS FOODS,LLC 401K PLANEIN 82-1622006Plan #001PY 2021

2636 ELM HILL PIKE STE 201 - NASHVILLE, TN 37214615-610-9699chairmansfoods.comLinkedIn51-200 employeesfood production

Prospect flagsLow participationLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.8M

No prior year

Total participants

311

No prior year

Average account balance

$11,843

No prior year

Annual return

117.16%

No prior year

Benchmarks

See 703 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort703 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.80M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

153

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.

43.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$122

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
EPLAN ADVISORS, LLC1+ years Filed as: EPLAN SERVICES, LLC Service code 17 · EIN 36-1543746	Pension Consulting	$5,544

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$7K

$26 / participant

Investment mgmt$6K84.7%
Contract admin$1K15.3%

% of EOY assets

0.368%

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: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,843

$66,528-82.2%

$86,868-86.4%

$86,813-86.4%

Participation rate

35.6%

72.4%-36.8pp

71.6%-36.0pp

72.3%-36.7pp

Annual return

117.16%

19.56%+97.6pp

63.53%+53.6pp

97.93%+19.2pp

Employer contribution / active EE

$843

$2,007-58.0%

$2,496-66.2%

$2,406-65.0%

Participant deferral / active EE

$1,527

$3,240-52.9%

$3,699-58.7%

$4,131-63.0%

Admin fee / account holder

$44

$148-70.5%

$5,829-99.3%

$170-74.3%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC1+ years

Filed as: EPLAN SERVICES, LLC

Service code 17 · EIN 36-1543746

Pension Consulting

$5,544

CHAIRMANS FOODS, LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHAIRMANS FOODS, LLC 401K 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