Retirement plan

A & R SPADA FARMS, LLC 401K PROFIT SHARING PLAN

Name: A & R SPADA FARMS, LLC - A & R SPADA FARMS, LLC 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: A & R SPADA FARMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A & R SPADA FARMS, LLC 401K PROFIT SHARING PLAN, A & R SPADA FARMS, LLC

A & R SPADA FARMS, LLCEIN 93-0484053Plan #001PY 2022

PO BOX 157 - ST. PAUL, OR 97137503-633-2941

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.1M

-12.4% from 2021

Total participants

-33.3% from 2021

Average account balance

$30,634

-6.0% from 2021

Annual return

-13.58%

-19.61 pp from 2021

Benchmarks

See 2,278 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.37M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

60.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123K

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

+7.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1639

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Filed as: NATIONWIDE LIFE INSURANCE Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$19,893
INDEPENDENT RETIREMENT CONSULTING8+ years Service code 14 · EIN 90-0451904 6500 SW MACADAM AVENUE, SUITE 100 · PORTLAND, OR 97239	Plan Administrator	$6,606
AMERIPRISE FINANCIAL SERVICES INC8+ years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 55 50082 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$27K

$537 / participant

Investment mgmt$20K73.5%
Contract admin$5001.9%
Other / not subdivided$7K24.6%

% of EOY assets

1.270%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRYAN B KNUTSEN, CPA, LLC
Auditor EIN: 208108262
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,634

$56,339-45.6%

$104,299-70.6%

$68,490-55.3%

Participation rate

98.0%

63.3%+34.7pp

73.3%+24.7pp

67.9%+30.1pp

Annual return

-13.58%

-9.19%-4.4pp

24.62%-38.2pp

-7.85%-5.7pp

Employer contribution / active EE

$451

$1,960-77.0%

$3,373-86.6%

$2,597-82.6%

Participant deferral / active EE

$2,432

$3,077-21.0%

$4,626-47.4%

$4,028-39.6%

Admin fee / account holder

$389

$4,902-92.1%

$7,339-94.7%

$5,403-92.8%

Provider

Service type

Compensation

NATIONWIDE8+ years

Filed as: NATIONWIDE LIFE INSURANCE

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$19,893

INDEPENDENT RETIREMENT CONSULTING8+ years

Service code 14 · EIN 90-0451904

6500 SW MACADAM AVENUE, SUITE 100 · PORTLAND, OR 97239

Plan Administrator

$6,606

AMERIPRISE FINANCIAL SERVICES INC8+ years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 55

50082 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Other Commissions

A & R SPADA FARMS, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A & R SPADA FARMS, LLC 401K 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