Retirement plan

CANTON FOOD CO. PROFIT SHARING PLAN

Name: CANTON FOOD CO. - CANTON FOOD CO. PROFIT SHARING PLAN (2020) Form 5500
Creator: CANTON FOOD CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANTON FOOD CO. PROFIT SHARING PLAN, CANTON FOOD CO.

CANTON FOOD CO.EIN 95-3390500Plan #001PY 2020

750 S ALAMEDA ST - LOS ANGELES, CA 90021213-688-7707cantonfoodco.comLinkedIn11-50 employeeswarehousing

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$4M

+1.9% from 2019

Total participants

117

-8.6% from 2019

Average account balance

$36,481

+15.7% from 2019

Annual return

11.80%

-7.15 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.37M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

123

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$476

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 2 by compensation

Provider	Service type	Compensation
JWVC CPAS, A PROFESSIONAL CORP5 years Service code 10 · EIN 46-4071583	Accounting	$10,000
CALIFORNIA BENEFIT PLANNERS4 years Service code 17 · EIN 95-4568183	Pension Consulting	$4,025

Plan features & details

Pension benefit codes2A2E2F3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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 participant contribution
Participant 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$46K

$451 / participant

Investment mgmt$25K53.1%
Contract admin$11K24.5%
Other / not subdivided$10K22.4%

% of EOY assets

1.148%

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: DOUGHERTY & COMPANY
Auditor EIN: 953871065
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,481

$54,573-33.2%

$90,970-59.9%

$73,493-50.4%

Participation rate

94.2%

61.2%+33.0pp

69.0%+25.2pp

70.7%+23.5pp

Annual return

11.80%

16.69%-4.9pp

134.58%-122.8pp

28.51%-16.7pp

Employer contribution / active EE

$1,998

$991+101.5%

$2,122-5.9%

$2,270-12.0%

Participant deferral / active EE

$2,517-100.0%

$3,373-100.0%

$3,740-100.0%

Admin fee / account holder

$419

$521-19.7%

$5,960-93.0%

$513-18.4%

Provider

Service type

Compensation

JWVC CPAS, A PROFESSIONAL CORP5 years

Service code 10 · EIN 46-4071583

Accounting

$10,000

CALIFORNIA BENEFIT PLANNERS4 years

Service code 17 · EIN 95-4568183

Pension Consulting

$4,025

CANTON FOOD CO. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANTON FOOD CO. 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