Retirement plan

MATSON FRUIT COMPANY PROFIT SHARING PLAN

Name: MATSON FRUIT COMPANY - MATSON FRUIT COMPANY PROFIT SHARING PLAN (2016) Form 5500
Creator: MATSON FRUIT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATSON FRUIT COMPANY PROFIT SHARING PLAN, MATSON FRUIT COMPANY

MATSON FRUIT COMPANYdba 201 NORTH RAILROAD AVENUEEIN 91-0310180Plan #004PY 2016

PO BOX 307 - SELAH, WA 989420307509-697-7100matsonfruit.comLinkedIn11-50 employeesfood & beverages

Prospect flagsLow returnsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.6M

No prior year

Total participants

335

No prior year

Average account balance

$20,845

No prior year

Annual return

0.10%

No prior year

Benchmarks

See 233 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort233 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.59M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

151

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$474

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINANCIAL Service code 21 · EIN 45-6062081 PO BOX 64533 · ST. PAUL, MN 551640533	Bank Trustee	$21,978

Plan features & details

Pension benefit codes2E2J2K3D2G2T

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$72 / participant

Contract admin$22K100.0%

% of EOY assets

0.477%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,845

$46,761-55.4%

$106,619-80.4%

$57,658-63.8%

Participation rate

62.7%

56.9%+5.9pp

78.0%-15.3pp

70.2%-7.5pp

Annual return

0.10%

15.77%-15.7pp

9.42%-9.3pp

5.13%-5.0pp

Employer contribution / active EE

$176

$1,274-86.2%

$3,947-95.5%

$1,974-91.1%

Participant deferral / active EE

$1,144

$1,954-41.5%

$3,930-70.9%

$3,061-62.6%

Admin fee / account holder

$99

$97+2.8%

$6,418-98.5%

$95+5.2%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1+ years

Filed as: ALERUS FINANCIAL

Service code 21 · EIN 45-6062081

PO BOX 64533 · ST. PAUL, MN 551640533

Bank Trustee

$21,978

MATSON FRUIT COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATSON FRUIT COMPANY 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