Retirement plan

SELECT MILK UFRO DIVISION PROFIT SHARING 401K PLAN

Name: SELECT MILK PRODUCERS, INC. - SELECT MILK UFRO DIVISION PROFIT SHARING 401K PLAN (2018) Form 5500
Creator: SELECT MILK PRODUCERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SELECT MILK UFRO DIVISION PROFIT SHARING 401K PLAN, SELECT MILK PRODUCERS, INC.

SELECT MILK PRODUCERS, INC.EIN 85-0425525Plan #001PY 2018

5151 BELT LINE ROAD, SUITE 455 - DALLAS, TX 75254214-568-9033selectmilk.comLinkedIn201-500 employeesdairy

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$654K

-0.9% from 2017

Total participants

+3.3% from 2017

Average account balance

$36,340

+26.6% from 2017

Annual return

-8.32%

-24.30 pp from 2017

Benchmarks

See 1,775 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,775 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.32M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

1,135

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$625 / participant

Other / not subdivided$19K100.0%

% of EOY assets

2.866%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,340

$52,836-31.2%

$105,738-65.6%

$64,181-43.4%

Participation rate

56.7%

66.5%-9.9pp

76.3%-19.7pp

69.6%-12.9pp

Annual return

-8.32%

14.30%-22.6pp

6.27%-14.6pp

7.63%-16.0pp

Employer contribution / active EE

$1,091

$1,827-40.3%

$3,268-66.6%

$2,381-54.2%

Participant deferral / active EE

$1,167

$2,545-54.2%

$4,080-71.4%

$3,470-66.4%

Admin fee / account holder

$1,041

$3,959-73.7%

$6,913-84.9%

$4,887-78.7%

SELECT MILK UFRO DIVISION PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SELECT MILK UFRO DIVISION PROFIT SHARING 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