Retirement plan

AMERICAN BAKERY COMPANY 401(K) PROFIT SHARING PLAN

Name: OAKHURST INDUSTRIES, INC. DBA AMERICAN BAKERY COMPANY - AMERICAN BAKERY COMPANY 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: OAKHURST INDUSTRIES, INC. DBA AMERICAN BAKERY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BAKERY COMPANY 401(K) PROFIT SHARING PLAN, OAKHURST INDUSTRIES, INC. DBA AMERICAN BAKERY COMPANY

OAKHURST INDUSTRIES, INC. DBA AMERICAN BAKERY COMPANYdba DBA AMERICAN BAKERY COMPANYEIN 95-3641353Plan #001PY 2024

P.O. BOX 911457 - LOS ANGELES, CA 900911238323-724-3000LinkedIn201-500 employeesfood production

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$12M

+3.0% from 2023

Total participants

519

-3.0% from 2023

Average account balance

$23,397

+7.2% from 2023

Annual return

8.51%

-6.53 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.00M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

513

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$621K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+8.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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 3 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES4 years Filed as: EDELMAN FIN'L SVCS Service code 27 · EIN 96-5200714 5900 WILSHIRE BLVD · LOS ANGELES, CA 90036	Advisory (Plan)	$67,945
MACIAS GINI & O'CONNELL LLP2 years Filed as: MACIAS GINI & O'CONNELL, LLP Service code 10 · EIN 68-0300457 111 PACIFICA · IRVINE, CA 92618	Accounting	$45,413
CMC ADVISORS, INC.4 years Filed as: CMC RETIREMENT & EE BENEFITS SPEC Service code 17 · EIN 95-4673312 24820 ORCHARD VILLAGE · SANTA CLARITA, CA 91355	Pension Consulting	$24,295

Plan features & details

Pension benefit codes2A2E2J2K3D

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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$142K

$343 / participant

Investment mgmt$68K47.8%
Other / not subdivided$74K52.2%

% of EOY assets

1.184%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MACIAS GINI & O'CONNELL, LLP
Auditor EIN: 680300457
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,397

$66,459-64.8%

$81,353-71.2%

$77,736-69.9%

Participation rate

98.6%

68.7%+29.8pp

69.5%+29.0pp

70.6%+28.0pp

Annual return

8.51%

15.95%-7.4pp

24.82%-16.3pp

31.26%-22.8pp

Employer contribution / active EE

$1,208

$2,156-44.0%

$2,464-51.0%

$2,728-55.7%

Participant deferral / active EE

$291

$3,674-92.1%

$3,885-92.5%

$4,651-93.7%

Admin fee / account holder

$277

$585-52.7%

$5,766-95.2%

$433-36.1%

Provider

Service type

Compensation

FINANCIAL ENGINES4 years

Filed as: EDELMAN FIN'L SVCS

Service code 27 · EIN 96-5200714

5900 WILSHIRE BLVD · LOS ANGELES, CA 90036

Advisory (Plan)

$67,945

MACIAS GINI & O'CONNELL LLP2 years

Filed as: MACIAS GINI & O'CONNELL, LLP

Service code 10 · EIN 68-0300457

111 PACIFICA · IRVINE, CA 92618

Accounting

$45,413

CMC ADVISORS, INC.4 years

Filed as: CMC RETIREMENT & EE BENEFITS SPEC

Service code 17 · EIN 95-4673312

24820 ORCHARD VILLAGE · SANTA CLARITA, CA 91355

Pension Consulting

$24,295

AMERICAN BAKERY COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BAKERY COMPANY 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