Retirement plan

EASTERDAY FARMS PRODUCE COMPANY 401(K) PLAN

Name: EASTERDAY FARMS PRODUCE COMPANY - EASTERDAY FARMS PRODUCE COMPANY 401(K) PLAN (2020) Form 5500
Creator: EASTERDAY FARMS PRODUCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERDAY FARMS PRODUCE COMPANY 401(K) PLAN, EASTERDAY FARMS PRODUCE COMPANY

EASTERDAY FARMS PRODUCE COMPANYEIN 91-1707419Plan #001PY 2020

PO BOX 2813 - PASCO, WA 993022813509-544-9595LinkedIn51-200 employeesfarming

Prospect flagsLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+28.1% from 2019

Total participants

115

+0.9% from 2019

Average account balance

$31,499

+24.6% from 2019

Annual return

18.04%

-4.85 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

41.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2098

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 6 by compensation

Provider	Service type	Compensation
THE ADVISOR BENEFITS GROUP, INC.3 years Service code 16 · EIN 91-1628862 5101 W. CLEARWATER AVE #100 · KENNEWICK, WA 99336	Consulting	$4,372
NATIONWIDE5 years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$4,258
EPIC RETIREMENT PLAN SERVICES3 years Filed as: NORTHWEST RETIREMENT PLAN CONSULTAN Service code 49 · EIN 46-5674799 1950 KEENE ROAD BLDG F-100 · RICHLAND, WA 99352	Other Services	$1,907
IRON-CO-FID-COMPREHENSIVE3 years Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE Service code 16 · EIN 26-2409128 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Consulting	$753
EPIC TRUST INVESTMENT ADVISORS LLC1 year Filed as: EPIC TRUST INVESTMENT ADVISORS Service code 16 · EIN 47-1495882 1305 FOWLER ST · RICHLAND, WA 99352	Consulting	$314
NATIONWIDE3 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 16 · EIN 31-4156830 10 W. NATIONWIDE BLVD, 5-05-111V · COLUMBUS, OH 43215	Consulting	$188

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

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.
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

$6K

$56 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.526%

all-in expense ratio

Categories reported

0 / 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: NORTHWEST CPA GROUP, PLLC
Auditor EIN: 562382653
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,499

$59,328-46.9%

$118,946-73.5%

$73,493-57.1%

Participation rate

29.1%

62.3%-33.2pp

75.4%-46.3pp

70.7%-41.6pp

Annual return

18.04%

19.13%-1.1pp

35.89%-17.8pp

28.51%-10.5pp

Employer contribution / active EE

$625

$1,803-65.3%

$3,263-80.9%

$2,270-72.5%

Participant deferral / active EE

$658

$2,604-74.7%

$4,266-84.6%

$3,740-82.4%

Admin fee / account holder

$166

$600-72.4%

$6,581-97.5%

$513-67.7%

Provider

Service type

Compensation

THE ADVISOR BENEFITS GROUP, INC.3 years

Service code 16 · EIN 91-1628862

5101 W. CLEARWATER AVE #100 · KENNEWICK, WA 99336

Consulting

$4,372

NATIONWIDE5 years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$4,258

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: NORTHWEST RETIREMENT PLAN CONSULTAN

Service code 49 · EIN 46-5674799

1950 KEENE ROAD BLDG F-100 · RICHLAND, WA 99352

Other Services

$1,907

IRON-CO-FID-COMPREHENSIVE3 years

Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE

Service code 16 · EIN 26-2409128

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Consulting

$753

EPIC TRUST INVESTMENT ADVISORS LLC1 year

Filed as: EPIC TRUST INVESTMENT ADVISORS

Service code 16 · EIN 47-1495882

1305 FOWLER ST · RICHLAND, WA 99352

Consulting

$314

NATIONWIDE3 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 16 · EIN 31-4156830

10 W. NATIONWIDE BLVD, 5-05-111V · COLUMBUS, OH 43215

Consulting

$188

EASTERDAY FARMS PRODUCE COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERDAY FARMS PRODUCE COMPANY 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