Retirement plan

PESHASTIN HI-UP GROWERS PROFIT SHARING 401K PLAN

Name: PESHASTIN HI-UP GROWERS, INC. - PESHASTIN HI-UP GROWERS PROFIT SHARING 401K PLAN (2021) Form 5500
Creator: PESHASTIN HI-UP GROWERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PESHASTIN HI-UP GROWERS PROFIT SHARING 401K PLAN, PESHASTIN HI-UP GROWERS, INC.

PESHASTIN HI-UP GROWERS, INC.EIN 91-0363660Plan #002PY 2021

P.O. BOX 446 - PESHASTIN, WA 988470446509-548-4555hiupgrowers.comLinkedIn51-200 employeesfarming

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$3.1M

+10.4% from 2020

Total participants

147

-16.5% from 2020

Average account balance

$41,878

+19.5% from 2020

Annual return

12.41%

-2.25 pp from 2020

Benchmarks

See 500 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort500 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

38.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$888

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

+7.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27410

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$23,211
CETERA ADVISOR NETWORKS LLC1 year Service code 15 2301 ROSECRANS AVENUE, SUITE 5100 · EL SEGUNDO, CA 902455670	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$22 / participant

Contract admin$59521.9%
Other / not subdivided$2K78.1%

% of EOY assets

0.089%

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: CORDELL, NEHER & COMPANY, PLLC
Auditor EIN: 910950793
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,878

$65,862-36.4%

$124,694-66.4%

$79,389-47.2%

Participation rate

41.3%

62.2%-21.0pp

74.6%-33.3pp

70.7%-29.4pp

Annual return

12.41%

19.02%-6.6pp

5144.82%-5132.4pp

116.89%-104.5pp

Employer contribution / active EE

$531

$1,883-71.8%

$3,325-84.0%

$2,428-78.1%

Participant deferral / active EE

$688

$2,772-75.2%

$4,615-85.1%

$4,046-83.0%

Admin fee / account holder

$37

$673-94.5%

$7,495-99.5%

$626-94.1%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$23,211

CETERA ADVISOR NETWORKS LLC1 year

Service code 15

2301 ROSECRANS AVENUE, SUITE 5100 · EL SEGUNDO, CA 902455670

Recordkeeping

PESHASTIN HI-UP GROWERS PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PESHASTIN HI-UP GROWERS 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