Retirement plan

TWIN CITY FOODS, INC. 401(K) PLAN

Name: TWIN CITY FOODS, INC. - TWIN CITY FOODS, INC. 401(K) PLAN (2018) Form 5500
Creator: TWIN CITY FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN CITY FOODS, INC. 401(K) PLAN, TWIN CITY FOODS, INC.

TWIN CITY FOODS, INC.EIN 91-1291675Plan #002PY 2018

P.O. BOX 699 - STANWOOD, WA 982920699360-629-2111twincityfoods.comLinkedIn501-1000 employeesfood production

Other plans on this EIN

1 filing

#003Retirement-$54.4M assets

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$70.5M

+4.6% from 2017

Total participants

416

+8.6% from 2017

Average account balance

$230,526

-4.0% from 2017

Annual return

6.01%

-2.01 pp from 2017

Benchmarks

See 705 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort705 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.47M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

564

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.

60.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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
PACIFIC PORTFOLIO CONSULTING3+ years Service code 26 · EIN 91-2090931	Advisory (Participants)	$36,591
NORTHWEST PLAN SERVICES, INC.1 year Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-1526584	Recordkeeping	$36,144
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 41-1558009	Trustee (bank, trust company, or simi...	$35,126
STIFEL NICOLAUS & CO INC3+ years Filed as: STIFEL NICOLAUS & CO Service code 19 501 N BROADWAY · ST LOUIS, MO 63102	Securities Custodian	$19,884

Plan features & details

Pension benefit codes2E2F2J2G2K2T

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.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$129K

$340 / participant

Investment mgmt$95K73.6%
Other / not subdivided$34K26.4%

% of EOY assets

0.182%

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: WILLIAMS & NULLE, PLLC
Auditor EIN: 910593897
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$230,526

$48,261+377.7%

$68,612+236.0%

$55,725+313.7%

Participation rate

70.9%

71.0%-0.1pp

72.2%-1.3pp

70.9%0pp

Annual return

6.01%

-2.61%+8.6pp

-4.63%+10.6pp

244.93%-238.9pp

Employer contribution / active EE

$2,145

$1,742+23.1%

$2,625-18.3%

$2,078+3.2%

Participant deferral / active EE

$3,070

$2,712+13.2%

$3,311-7.3%

$3,356-8.5%

Admin fee / account holder

$420

$126+232.9%

$5,131-91.8%

$115+264.6%

Provider

Service type

Compensation

PACIFIC PORTFOLIO CONSULTING3+ years

Service code 26 · EIN 91-2090931

Advisory (Participants)

$36,591

NORTHWEST PLAN SERVICES, INC.1 year

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-1526584

Recordkeeping

$36,144

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK

Service code 18 · EIN 41-1558009

Trustee (bank, trust company, or simi...

$35,126

STIFEL NICOLAUS & CO INC3+ years

Filed as: STIFEL NICOLAUS & CO

Service code 19

501 N BROADWAY · ST LOUIS, MO 63102

Securities Custodian

$19,884

TWIN CITY FOODS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN CITY FOODS, INC. 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