Retirement plan

J. H. ROUTH PACKING COMPANY UNION 401K PENSION PLAN

Name: HK COOPERATIVE, INC DBA J. H. ROUTH PACKING COMPANY - J. H. ROUTH PACKING COMPANY UNION 401K PENSION PLAN (2021) Form 5500
Creator: HK COOPERATIVE, INC DBA J. H. ROUTH PACKING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J. H. ROUTH PACKING COMPANY UNION 401K PENSION PLAN, HK COOPERATIVE, INC DBA J. H. ROUTH PACKING COMPANY

HK COOPERATIVE, INC DBA J. H. ROUTH PACKING COMPANYEIN 84-4799357Plan #007PY 2021

4413 W. BOGART ROAD, P.O. BOX 2253 - SANDUSKY, OH 44870419-626-2251

Other plans on this EIN

3 filings

#005Retirement-$21.3M assets #002Retirement-$1.9M assets #006Retirement-$1.5M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+4.8% from 2020

Total participants

133

+3.9% from 2020

Average account balance

$14,465

-1.4% from 2020

Annual return

12.32%

-6.75 pp from 2020

Benchmarks

See 946 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort946 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

183

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.

45.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$443

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

+10.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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
MATRIX TRUST COMPANY1 year Service code 19 717 17TH STREET, SUITE 1300 · DENVER, CO 80201	Securities Custodian	$77,889
PROTPA1 year Filed as: PROTPA LLC Service code 13 · EIN 90-0666716 P.O. BOX 636 · MANSFIELD, OH 449010636	Contract Administrator	$6,312
ESB WEALTH MANAGEMENT1 year Service code 27 · EIN 27-5022450 P.O. BOX 636 · MANSFIELD, OH 449010636	Advisory (Plan)	$3,895

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant 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.

Expense breakdown

Schedule H Part II

Admin total

$11K

$96 / participant

Investment mgmt$4K35.8%
Contract admin$6K57.1%
Other / not subdivided$7797.2%

% of EOY assets

0.638%

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: PAYNE NICKLES & COMPANY, CPAS
Auditor EIN: 341664586
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,465

$59,584-75.7%

$86,625-83.3%

$79,389-81.8%

Participation rate

86.7%

67.7%+19.1pp

71.6%+15.1pp

70.7%+16.0pp

Annual return

12.32%

23.15%-10.8pp

63.52%-51.2pp

116.89%-104.6pp

Employer contribution / active EE

$1,225

$1,768-30.7%

$2,496-50.9%

$2,428-49.5%

Participant deferral / active EE

$1,112

$3,036-63.4%

$3,700-70.0%

$4,046-72.5%

Admin fee / account holder

$92

$604-84.7%

$5,830-98.4%

$626-85.3%

Provider

Service type

Compensation

MATRIX TRUST COMPANY1 year

Service code 19

717 17TH STREET, SUITE 1300 · DENVER, CO 80201

Securities Custodian

$77,889

PROTPA1 year

Filed as: PROTPA LLC

Service code 13 · EIN 90-0666716

P.O. BOX 636 · MANSFIELD, OH 449010636

Contract Administrator

$6,312

ESB WEALTH MANAGEMENT1 year

Service code 27 · EIN 27-5022450

P.O. BOX 636 · MANSFIELD, OH 449010636

Advisory (Plan)

$3,895

J. H. ROUTH PACKING COMPANY UNION 401K PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J. H. ROUTH PACKING COMPANY UNION 401K PENSION 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