Retirement plan

DANIELS WESTERN MEAT PACKERS, INC. 401 (K) PROFIT SHARING PLAN

Name: DANIELS WESTERN MEAT PACKERS, INC. - DANIELS WESTERN MEAT PACKERS, INC. 401 (K) PROFIT SHARING PLAN (2016) Form 5500
Creator: DANIELS WESTERN MEAT PACKERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANIELS WESTERN MEAT PACKERS, INC. 401 (K) PROFIT SHARING PLAN, DANIELS WESTERN MEAT PACKERS, INC.

DANIELS WESTERN MEAT PACKERS, INC.EIN 95-2920994Plan #001PY 2016

5220 VAN NORMAN ROAD - PICO RIVERA, CA 90660562-948-4408danielsmeat.comLinkedIn51-200 employeesfood production

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.8M

-5.0% from 2015

Total participants

+33.3% from 2015

Average account balance

$45,912

-2.6% from 2015

Annual return

6.41%

+10.80 pp from 2015

Benchmarks

See 2,310 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,310 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

22.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$337K

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

+9.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20510

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$400K

$4763 / participant

Other / not subdivided$400K100.0%

% of EOY assets

21.785%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,912

$52,306-12.2%

$69,779-34.2%

$62,881-27.0%

Participation rate

47.6%

67.2%-19.6pp

71.8%-24.2pp

69.3%-21.7pp

Annual return

6.41%

13.35%-6.9pp

12.99%-6.6pp

20.14%-13.7pp

Employer contribution / active EE

$602

$1,799-66.5%

$2,338-74.2%

$2,281-73.6%

Participant deferral / active EE

$1,530

$2,395-36.1%

$2,931-47.8%

$3,203-52.2%

Admin fee / account holder

$10,002

$3,691+171.0%

$4,381+128.3%

$4,296+132.8%

DANIELS WESTERN MEAT PACKERS, INC. 401 (K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANIELS WESTERN MEAT PACKERS, INC. 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