Retirement plan

INGOMAR PACKING COMPANY 401K PROFIT SHARING PLAN

Name: INGOMAR PACKING COMPANY - INGOMAR PACKING COMPANY 401K PROFIT SHARING PLAN (2016) Form 5500
Creator: INGOMAR PACKING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGOMAR PACKING COMPANY 401K PROFIT SHARING PLAN, INGOMAR PACKING COMPANY

INGOMAR PACKING COMPANYEIN 95-3736513Plan #004PY 2016

P.O. BOX 1448 - LOS BANOS, CA 93635209-826-9494ingomarpacking.comLinkedIn51-200 employeesfood production

Prospect flagsLow fidelity bond

Top hat statement on fileNQDC

Filed June 8, 2022 (most recent of 2 filings on file)

Plan administrator

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9950 South Ingomar Grade, PO Box 1448

Los Banos, CA 93635

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Plans declared (1)

INGOMAR PACKING COMPANY DEFERRED COMPENSATION PLAN10 emp

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Total assets (EOY)

$11.8M

+2.1% from 2015

Total participants

217

+2.8% from 2015

Average account balance

$54,681

-6.5% from 2015

Annual return

10.26%

+11.38 pp from 2015

Benchmarks

See 933 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort933 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.00M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

239

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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 5 by compensation

Provider	Service type	Compensation
GOLDMAN SACHS1 year Filed as: UNITED CAPITAL FINANCIAL ADVISORS Service code 26 · EIN 27-0493248	Advisory (Participants)	$10,937
FINANCIAL DECISIONS2+ years Service code 15 · EIN 68-0236865	Recordkeeping	$5,221
401 PLANS2+ years Service code 50 40 W. COCHRAN ST · SIMI VALLEY, CA 93065	Direct Payment	$0
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO, INC Service code 28	Investment Management	$0
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 94-1737782	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

1 tripped

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

$60K

$376 / participant

Contract admin$60K100.0%

% of EOY assets

0.512%

all-in expense ratio

Categories reported

1 / 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: DEMERA, DEMERA, CAMERON, LLP
Auditor EIN: 203942205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,681

$46,072+18.7%

$69,779-21.6%

$55,167-0.9%

Participation rate

98.8%

67.5%+31.3pp

71.8%+26.9pp

69.0%+29.8pp

Annual return

10.26%

8.68%+1.6pp

12.99%-2.7pp

169.23%-159.0pp

Employer contribution / active EE

$1,775

$1,500+18.3%

$2,338-24.1%

$1,963-9.6%

Participant deferral / active EE

$3,111

$2,344+32.7%

$2,931+6.2%

$3,054+1.9%

Admin fee / account holder

$280

$428-34.5%

$4,381-93.6%

$504-44.4%

Provider

Service type

Compensation

GOLDMAN SACHS1 year

Filed as: UNITED CAPITAL FINANCIAL ADVISORS

Service code 26 · EIN 27-0493248

Advisory (Participants)

$10,937

FINANCIAL DECISIONS2+ years

Service code 15 · EIN 68-0236865

Recordkeeping

$5,221

401 PLANS2+ years

Service code 50

40 W. COCHRAN ST · SIMI VALLEY, CA 93065

Direct Payment

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO, INC

Service code 28

Investment Management

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 94-1737782

Directed Trustee

INGOMAR PACKING COMPANY 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INGOMAR PACKING COMPANY 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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