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Retirement plan

DEFERRED PROFIT-SHARING PLAN FOR SALARIED EMPLOYEES

ALTRIA CLIENT SERVICES LLCEIN 47-2929146Plan #002PY 2020
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P. O. BOX 85088 - RICHMOND, VA 232855088804-274-2200LinkedIn1-10 employees
Other plans on this EIN
2 filings
#006Retirement-$8.64B assets#009Retirement-$931.1M assets
Prospect flagsLow returnsHigh assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(804) 274-2200
Plan administrator signer
THOMAS HOUGHTALING
Signed 10/14/2021
Plan administrator entity
SCOTT D SCOFIELD, PLAN ADMINISTRATOR
EIN 811661974
ALTRIA CLIENT SERVICES LLC, P.O. BOX 85088 · RICHMOND, VA 232855088
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Summary metrics

Total assets (EOY)
$3887.1M
-4.1% from 2016
Total participants
10,052
+1.8% from 2016
Average account balance
$389,845
-5.6% from 2016
Annual return
6.48%
-2.70 pp from 2016

Benchmarks

See 216 peers
Peer group
Industry31 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort216 peers
Snapshot2020
Participant deferral / active EE
$9,810
median $3,057
Employer contribution / active EE
$12,979
median $1,442
Participation rate
98.3%
median 89.0%
Avg account balance
$389,845
median $58,381
Admin fee / account holder
$0
median $80
Annual return
6.48%
median 14.58%
Overall peer rank
80th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.16B
Average account balance
Total assets / participants with a balance (line 6g)
$461K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,013
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.4%
Contributions (total)
Employer and participant dollars contributed each year
$135.08M
Contributions per participant
Average employer and participant contribution per enrolled participant
$32K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+19.43%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

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 codes2E2F2G2J2K2O2S2T3H
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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • OpportunityLow returns

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

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
PRICEWATERHOUSECOOPERS LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Unqualified