Plans » Benchmarking Engine
Benchmarking Flagstone Foods 401(K) Plan in Minneapolis, MN against
good (2)
neutral (15)
Flagstone Foods 401(K) Plan in Minneapolis, MN has the highest total income (-$343,380) of the 43 plans within 50 miles with at least $1,100,672 in participant loans. Those -$343,380 compare to an average of -$99,371,208 across the 43 plans.
- participant loans. At end of plan year. The current value of all loans to participants including residential mortgage loans that are subject to Code section 72(p). Line 1c(8) from Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Except where noted, all data come from the 2-October-2023 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total income. Higher values are better. From Line 2d, Schedule H. Except where noted, all data come from the 2-October-2023 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
-
within 50 miles.
- The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
- In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.
Flagstone Foods 401(K) Plan in Minneapolis, MN is in Minneapolis, MN, its EIN is 842374541, its industry group is Other Food Manufacturing, its plan administrator is Lyndsy Gumz, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, has total assets of $10M to $50M, its business code is 311900, has 1,000 to 4,999 total participants, is worse than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant, and is higher than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets at beginning of plan year ($28,302,822)
- total assets ($22,932,544)
- net assets (assets minus liabilities) ($22.90M)
- value of interest in registered investment companies (e.g., mutual funds) ($21.40M)
- total expenses ($5,026,898)
- total contributions ($4,062,616)
- cash contributions from participants ($2,207,662)
- cash contributions from employers ($1,451,265)
- participant loans ($1,100,672)
- value of funds held in insurance company general account (unallocated contracts) ($422,956)
- contract administrator fees ($116,637)
- total administrative expenses ($116,637)
- average account balance ($22,072)
- average participant cash contribution per active participant ($2,304)
- average employer cash contribution per active participant ($1,515)
- total administrative expense per participant ($112.26)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- net income per total participant (-$5,169)
- total income (-$343,380)
- earnings on investments (-$4,406,532)
- net earnings on investments (-$4,406,532)
- net income (-$5,370,278)
- percentage of active participants (92.2%)
- diversity of asset types (8.9%)
- participant loans as a percentage of plan assets (4.80%)
- total administrative expense ratio (0.510%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-15.57%)
- active participants (958)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (1,039)
- other retired or separated participants entitled to future benefits (72)
- retired or separated participants receiving benefits (9)
- total participants (1,039)
Global References