Retirement plan

EMPLOYEE P/S RET PLAN & TRUST OF FOSTER FARMS GROUP

Name: FOSTER POULTRY FARMS - EMPLOYEE P/S RET PLAN & TRUST OF FOSTER FARMS GROUP (2019) Form 5500
Creator: FOSTER POULTRY FARMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE P/S RET PLAN & TRUST OF FOSTER FARMS GROUP, FOSTER POULTRY FARMS

FOSTER POULTRY FARMSdba ADMINISTRATIVE COMMITTEE OF EMPLOYEEEIN 94-2382364Plan #001PY 2019

PO BOX 457 - LIVINGSTON, CA 95334209-394-7901LinkedIn51-200 employeesfood production

Other plans on this EIN

1 filing

#003Retirement-$505.6M assets

Prospect flagsLow participationFailed to transmit contributionsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$424.3M

-5.2% from 2016

Total participants

14,983

+3.3% from 2016

Average account balance

$38,801

-11.1% from 2016

Annual return

23.27%

-5.25 pp from 2016

Benchmarks

See 1,090 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,090 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$456.05M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

11,074

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$712,666
SAGEVIEW ADVISORY GROUP, LLC4 years Filed as: SAGEVIEW Service code 16 · EIN 33-0818667	Consulting	$70,833
ABS DIRECT, INC.5+ years Service code 38 · EIN 77-0409177	Participant Communication	$45,523
ATHERTON & ASSOCIATES LLP5+ years Filed as: ATHERTON & ASSOCIATES, LLP Service code 10 · EIN 94-1239084	Accounting	$33,500

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2G2J2K2T

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$863K

$70 / participant

Other / not subdivided$863K100.0%

% of EOY assets

0.203%

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: ATHERTON & ASSOCIATES, LLP
Auditor EIN: 941239084
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,801

$89,609-56.7%

$115,167-66.3%

$89,609-56.7%

Participation rate

67.2%

69.6%-2.4pp

75.9%-8.7pp

69.6%-2.4pp

Annual return

23.27%

33.65%-10.4pp

35.60%-12.3pp

33.65%-10.4pp

Employer contribution / active EE

$1,038

$2,584-59.9%

$3,179-67.4%

$2,584-59.9%

Participant deferral / active EE

$1,204

$4,222-71.5%

$4,169-71.1%

$4,222-71.5%

Admin fee / account holder

$79

$72+10.1%

$7,089-98.9%

$72+10.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$712,666

SAGEVIEW ADVISORY GROUP, LLC4 years

Filed as: SAGEVIEW

Service code 16 · EIN 33-0818667

Consulting

$70,833

ABS DIRECT, INC.5+ years

Service code 38 · EIN 77-0409177

Participant Communication

$45,523

ATHERTON & ASSOCIATES LLP5+ years

Filed as: ATHERTON & ASSOCIATES, LLP

Service code 10 · EIN 94-1239084

Accounting

$33,500

EMPLOYEE P/S RET PLAN & TRUST OF FOSTER FARMS GROUP

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE P/S RET PLAN & TRUST OF FOSTER FARMS GROUP

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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