Retirement plan

PASQUINELLI PRODUCE CO. PROFIT SHARING PLAN

Name: PASQUINELLI PRODUCE CO. - PASQUINELLI PRODUCE CO. PROFIT SHARING PLAN (2019) Form 5500
Creator: PASQUINELLI PRODUCE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PASQUINELLI PRODUCE CO. PROFIT SHARING PLAN, PASQUINELLI PRODUCE CO.

PASQUINELLI PRODUCE CO.EIN 86-0734797Plan #001PY 2019

2144 W. 24TH STREET, SUITE 1 - YUMA, AZ 853644682928-783-7813pasque.comLinkedIn51-200 employeesfarming

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$11.8M

+2.8% from 2018

Total participants

866

+1.2% from 2018

Average account balance

$36,670

+5.4% from 2018

Annual return

19.96%

+26.16 pp from 2018

Benchmarks

See 252 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.33M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

308

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.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$800K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC5+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166 1285 AVENUE OF AMERICAS · NEW YORK, NY 10019	Advisory (Plan)	$63,803
MATTHEWS, GOLD, KENNEDY & SNOW, INC5+ years Service code 37 · EIN 86-1001235 6530 N. 16TH ST · PHOENIX, AZ 85016	Loan Processing	$20,890
WALLACE PLESE & DREHER, LLP5+ years Filed as: WALLACE, PLESE DREHER, LLP Service code 10 · EIN 86-0841383 3933 S. MCCLINTOCK DRIVE · TEMPE, AZ 85282	Accounting	$9,270
FIDUCIARY WISE, LLC2 years Service code 26 · EIN 81-3799174 500 E. BENRICH DRIVE · GILBERT, AZ 85295	Advisory (Participants)	$7,500

Plan features & details

Pension benefit codes2E3D2A

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.
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 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.)

Expense breakdown

Schedule H Part II

Admin total

$109K

$130 / participant

Investment mgmt$71K65.4%
Contract admin$21K19.2%
Other / not subdivided$17K15.5%

% of EOY assets

0.927%

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: WALLACE, PLESE, & DREHER, LLP
Auditor EIN: 860841383
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,670

$124,414-70.5%

$115,170-68.2%

$67,579-45.7%

Participation rate

34.8%

58.1%-23.3pp

75.9%-41.1pp

71.3%-36.5pp

Annual return

19.96%

29.40%-9.4pp

35.60%-15.6pp

378.56%-358.6pp

Employer contribution / active EE

$925

$1,454-36.4%

$3,179-70.9%

$2,148-56.9%

Participant deferral / active EE

$2,331-100.0%

$4,169-100.0%

$3,539-100.0%

Admin fee / account holder

$340

$361-6.0%

$7,089-95.2%

$142+138.8%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC5+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

1285 AVENUE OF AMERICAS · NEW YORK, NY 10019

Advisory (Plan)

$63,803

MATTHEWS, GOLD, KENNEDY & SNOW, INC5+ years

Service code 37 · EIN 86-1001235

6530 N. 16TH ST · PHOENIX, AZ 85016

Loan Processing

$20,890

WALLACE PLESE & DREHER, LLP5+ years

Filed as: WALLACE, PLESE DREHER, LLP

Service code 10 · EIN 86-0841383

3933 S. MCCLINTOCK DRIVE · TEMPE, AZ 85282

Accounting

$9,270

FIDUCIARY WISE, LLC2 years

Service code 26 · EIN 81-3799174

500 E. BENRICH DRIVE · GILBERT, AZ 85295

Advisory (Participants)

$7,500

PASQUINELLI PRODUCE CO. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PASQUINELLI PRODUCE CO. PROFIT SHARING 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