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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#003Retirement-$388.1M assets

Prospect flagsLow returnsLow participationFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$375.6M

-5.2% from 2016

Total participants

14,779

+3.3% from 2016

Average account balance

$36,681

-11.1% from 2016

Annual return

-22.40%

-5.25 pp from 2016

Benchmarks

See 1,143 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,143 peers

Snapshot2022

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$627,909
COOK STREET CONSULTING3 years Filed as: COOK STREET CONSULTING, INC. Service code 16 · EIN 84-0854432	Consulting	$75,000
ATHERTON & ASSOCIATES LLP1 year Filed as: ATHERTON AND ASSOC Service code 10 · EIN 94-1239084	Accounting	$36,750
ABS DIRECT, INC.8+ years Service code 49 · EIN 77-0409177	Other Services	$8,084
SEYFARTH SHAW LLP2 years Service code 29 · EIN 36-2152202	Legal	$5,283

Plan features & details

Pension benefit codes2G2J2K2T2E

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$753K

$65 / participant

Other / not subdivided$753K100.0%

% of EOY assets

0.200%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,681

$89,433-59.0%

$104,304-64.8%

$89,433-59.0%

Participation rate

60.7%

71.3%-10.6pp

73.3%-12.6pp

71.3%-10.6pp

Annual return

-22.40%

-11.88%-10.5pp

24.63%-47.0pp

-11.88%-10.5pp

Employer contribution / active EE

$752

$3,021-75.1%

$3,374-77.7%

$3,021-75.1%

Participant deferral / active EE

$1,570

$5,125-69.4%

$4,626-66.1%

$5,125-69.4%

Admin fee / account holder

$74

$79-7.4%

$7,340-99.0%

$79-7.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$627,909

COOK STREET CONSULTING3 years

Filed as: COOK STREET CONSULTING, INC.

Service code 16 · EIN 84-0854432

Consulting

$75,000

ATHERTON & ASSOCIATES LLP1 year

Filed as: ATHERTON AND ASSOC

Service code 10 · EIN 94-1239084

Accounting

$36,750

ABS DIRECT, INC.8+ years

Service code 49 · EIN 77-0409177

Other Services

$8,084

SEYFARTH SHAW LLP2 years

Service code 29 · EIN 36-2152202

Legal

$5,283

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

Summary metrics

Benchmarksi

Analytics

Service providersi

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

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