Retirement plan

TRINIDAD BENHAM CORP. QUALIFIED EMPLOYEE SAVINGS PLAN

Name: TRINIDAD BENHAM CORP. - TRINIDAD BENHAM CORP. QUALIFIED EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: TRINIDAD BENHAM CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRINIDAD BENHAM CORP. QUALIFIED EMPLOYEE SAVINGS PLAN, TRINIDAD BENHAM CORP.

TRINIDAD BENHAM CORP.EIN 84-0338660Plan #004PY 2024

6400 SOUTH FIDDLERS GREEN CIRCLE, #700 - GREENWOOD VILLAGE, CO 80111303-220-1400trinidadbenham.comLinkedIn1001-5000 employeesfood production

Other plans on this EIN

1 filing

#001Retirement-$341.1M assets

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$39.1M

+8.9% from 2023

Total participants

1,362

+12.7% from 2023

Average account balance

$31,207

-1.7% from 2023

Annual return

13.84%

-3.56 pp from 2023

Benchmarks

See 333 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort333 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.07M

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.

1,252

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.26M

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

+13.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$95,130
FROST, PLLC10+ years Service code 10 · EIN 71-0817652	Accounting	$16,660

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$112K

$96 / participant

Recordkeeping$95K84.8%
Contract admin$3000.3%
Other / not subdivided$17K14.9%

% of EOY assets

0.286%

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: FROST, PLLC
Auditor EIN: 710817652
Audit fees: $16,660
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,207

$2,687,218-98.8%

$164,975-81.1%

$199,921-84.4%

Participation rate

90.5%

78.3%+12.3pp

78.6%+11.9pp

72.0%+18.5pp

Annual return

13.84%

17.94%-4.1pp

70.12%-56.3pp

34.28%-20.4pp

Employer contribution / active EE

$884

$2,958-70.1%

$4,343-79.6%

$3,035-70.9%

Participant deferral / active EE

$2,778

$5,002-44.5%

$6,033-54.0%

$5,089-45.4%

Admin fee / account holder

$89

$1,988-95.5%

$12,688-99.3%

$269-66.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$95,130

FROST, PLLC10+ years

Service code 10 · EIN 71-0817652

Accounting

$16,660

TRINIDAD BENHAM CORP. QUALIFIED EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRINIDAD BENHAM CORP. QUALIFIED EMPLOYEE SAVINGS 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