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Retirement plan

WALGREENS PUERTO RICO RETIREMENT SAVINGS PLAN

WALGREEN COEIN 36-1924025Plan #002PY 2020
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102 WILMOT RD, MS# 122G - DEERFIELD, IL 60015847-914-2500LinkedIn51-200 employeespharmaceuticals
Other plans on this EIN
1 filing
#001Retirement-$12.87B assets
Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(847) 914-2500
Plan administrator signer
CHRIS DYSINGER
Signed 10/11/2021
How to read this page

Summary metrics

Total assets (EOY)
$143.4M
-8.4% from 2016
Total participants
4,816
+0.4% from 2016
Average account balance
$40,955
-5.5% from 2016
Annual return
5.33%
-5.68 pp from 2016

Benchmarks

See 348 peers
Peer group
Industry44 - Retail Trade
Plan typeDefined contribution
Participants1,000-4,999
Cohort348 peers
Snapshot2020
Participant deferral / active EE
$1,707
median $1,879
Employer contribution / active EE
$935
median $508
Participation rate
69.7%
median 71.1%
Avg account balance
$40,955
median $36,257
Admin fee / account holder
$29
median $82
Annual return
5.33%
median 15.45%
Overall peer rank
51st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$165.57M
Average account balance
Total assets / participants with a balance (line 6g)
$46K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,575
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
72.8%
Contributions (total)
Employer and participant dollars contributed each year
$12.97M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.30%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$51
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
FID INV INST OPS CO1 year
Service code 15 · EIN 04-2647786
Recordkeeping
$101,872

Top hat statement on fileNQDC

Filed August 7, 2013 (most recent of 8 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2T3J
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.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

4 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$102K
$23 / participant
  • Other / not subdivided$102K100.0%
% of EOY assets
0.071%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
GRANT THORNTON, LLC
Auditor EIN
366055558
Audit fees
(not subdivided)
Opinion code
Unqualified