Retirement plan

NICHOLS FARMS 401(K) PROFIT SHARING PLAN

Name: NICHOLS FARMS - NICHOLS FARMS 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: NICHOLS FARMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NICHOLS FARMS 401(K) PROFIT SHARING PLAN, NICHOLS FARMS

NICHOLS FARMSEIN 94-1518396Plan #001PY 2019

13762 FIRST AVENUE - HANFORD, CA 93230559-224-7656nicholsfarms.comLinkedIn201-500 employeesfood production

Prospect flagsLow returnsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.8M

+15.0% from 2018

Total participants

355

+1.7% from 2018

Average account balance

$33,775

+13.4% from 2018

Annual return

7.43%

+6.17 pp from 2018

Benchmarks

See 252 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.78M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

490

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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 1 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 19 · EIN 20-8764829 1020 10TH STREET · MODESTO, CA 95354	Securities Custodian	$65,552

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$66K

$205 / participant

Other / not subdivided$66K100.0%

% of EOY assets

0.556%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,775

$124,414-72.9%

$115,170-70.7%

$67,579-50.0%

Participation rate

98.1%

58.1%+40.1pp

75.9%+22.2pp

71.3%+26.8pp

Annual return

7.43%

29.40%-22.0pp

35.60%-28.2pp

378.56%-371.1pp

Employer contribution / active EE

$1,890

$1,454+29.9%

$3,179-40.6%

$2,148-12.0%

Participant deferral / active EE

$2,744

$2,331+17.8%

$4,169-34.2%

$3,539-22.5%

Admin fee / account holder

$188

$361-48.0%

$7,089-97.4%

$142+32.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 19 · EIN 20-8764829

1020 10TH STREET · MODESTO, CA 95354

Securities Custodian

$65,552

NICHOLS FARMS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NICHOLS FARMS 401(K) 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