Retirement plan

NEW TEMPLE MEAT CO., INC. 401(K) SAFE HARBOR PLAN

Name: NEW TEMPLE MEAT CO., INC. - NEW TEMPLE MEAT CO., INC. 401(K) SAFE HARBOR PLAN (2020) Form 5500
Creator: NEW TEMPLE MEAT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW TEMPLE MEAT CO., INC. 401(K) SAFE HARBOR PLAN, NEW TEMPLE MEAT CO., INC.

NEW TEMPLE MEAT CO., INC.EIN 95-4277227Plan #002PY 2020

14202 NELSON AVE. - CITY OF INDUSTRY, CA 91746626-363-6670

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

+18.6% from 2019

Total participants

-11.1% from 2019

Average account balance

$242,353

+18.6% from 2019

Annual return

12.66%

-6.78 pp from 2019

Benchmarks

See 22,196 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.02M

Not enough data

1 years with asset history on file

Average account balance

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

$302K

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$242,353

$162,812+48.9%

$133,971+80.9%

$158,966+52.5%

Participation rate

46.7%

83.2%-36.6pp

79.8%-33.2pp

82.0%-35.3pp

Annual return

12.66%

41.94%-29.3pp

45.09%-32.4pp

302.95%-290.3pp

Employer contribution / active EE

$1,090

$4,976-78.1%

$3,919-72.2%

$4,762-77.1%

Participant deferral / active EE

$5,337

$5,910-9.7%

$5,047+5.8%

$5,983-10.8%

Admin fee / account holder

$11,741-100.0%

$8,929-100.0%

$11,250-100.0%

NEW TEMPLE MEAT CO., INC. 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NEW TEMPLE MEAT CO., INC. 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion