Retirement plan

JOE'S REAL B-B-Q 401(K) PLAN

Name: HARVEST MERCANTILE COMPANY, INC. - JOE'S REAL B-B-Q 401(K) PLAN (2016) Form 5500
Creator: HARVEST MERCANTILE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOE'S REAL B-B-Q 401(K) PLAN, HARVEST MERCANTILE COMPANY, INC.

HARVEST MERCANTILE COMPANY, INC.EIN 86-0883424Plan #001PY 2016

301 NORTH GILBERT ROAD - GILBERT, AZ 85234480-503-3805LinkedIn1-10 employeesreligious institutions

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

No prior year

Total participants

114

No prior year

Average account balance

$17,491

No prior year

Annual return

20.87%

No prior year

Benchmarks

See 2,826 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort2,826 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.75M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

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.

29.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$169K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5938

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

0 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
PENSION STRATEGIES, LLC2+ years Service code 11 · EIN 20-0333992	Actuarial	$475
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Service code 15 · EIN 01-0233346	Recordkeeping	$74

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$15K

$210 / participant

Contract admin$15K96.9%
Other / not subdivided$4753.1%

% of EOY assets

1.203%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: METZ & ASSOCIATES, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,491

$32,037-45.4%

$69,182-74.7%

$62,881-72.2%

Participation rate

41.7%

43.4%-1.8pp

55.1%-13.4pp

69.3%-27.6pp

Annual return

20.87%

15.16%+5.7pp

-21.93%+42.8pp

20.14%+0.7pp

Employer contribution / active EE

$557

$679-18.0%

$1,206-53.8%

$2,281-75.6%

Participant deferral / active EE

$1,049

$1,185-11.5%

$1,897-44.7%

$3,203-67.2%

Admin fee / account holder

$210

$2,608-91.9%

$2,697-92.2%

$4,296-95.1%

Provider

Service type

Compensation

PENSION STRATEGIES, LLC2+ years

Service code 11 · EIN 20-0333992

Actuarial

$475

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$74

JOE'S REAL B-B-Q 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOE'S REAL B-B-Q 401(K) 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