Retirement plan

CHIQUITA/FRESH EXPRESS SAVINGS AND INVESTMENT PLAN

Name: CHIQUITA BRANDS INTERNATIONAL - CHIQUITA/FRESH EXPRESS SAVINGS AND INVESTMENT PLAN (2024) Form 5500
Creator: CHIQUITA BRANDS INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHIQUITA/FRESH EXPRESS SAVINGS AND INVESTMENT PLAN, CHIQUITA BRANDS INTERNATIONAL

CHIQUITA BRANDS INTERNATIONALEIN 04-1923360Plan #003PY 2024

1855 GRIFFIN ROAD, DCOTA OFFICE CENTER SUITE C-436 - FT. LAUDERDALE, IN 330042275954-924-5801

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 14, 2000 (most recent of 2 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.

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Total assets (EOY)

$156.5M

+4.4% from 2023

Total participants

2,477

+1.0% from 2023

Average account balance

$98,292

+4.1% from 2023

Annual return

11.08%

-3.82 pp from 2023

Benchmarks

See 331 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$156.48M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

1,592

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.

55.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$201,147
UBS FINANCIAL SERVICES INC9 years Service code 27 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$43,464
BDO USA, LLP4 years Service code 10 5300 PATTERSON AVE SE · GRAND RAPIDS, MI 49512	Accounting	$34,239
KEATING, MUETHING & KLEKAMP PLL2 years Filed as: KEATING MUETHING & KLEKAMP PLL Service code 50 ONE EAST FOURTH STREET STE 1400 · CINCINNATI, OH 452023752	Direct Payment	$19,784
KOGNITIV1 year Filed as: KOGNITIV INC Service code 50 1340 CENTRE ST 208 · NEWTON, MA 02459	Direct Payment	$7,500
BIG SKY RETIREMENT INC1 year Filed as: BIG LANGUAGE SOLUTIONS HOLDINGS LLC Service code 50 3424 PEACHTREE RD NE STE 2060 · ATLANTA, GA 30326	Direct Payment	$5,600

Plan features & details

Pension benefit codes2E2J2F2G2K2T3D

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.
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

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

$312K

$157 / participant

Recordkeeping$201K64.5%
Investment mgmt$57K18.1%
Legal$20K6.3%
Other / not subdivided$34K11.0%

% of EOY assets

0.199%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA P.C.
Auditor EIN: 135381590
Audit fees: $34,239
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,292

$2,703,213-96.4%

$165,100-40.5%

$200,096-50.9%

Participation rate

55.5%

78.4%-22.9pp

78.6%-23.1pp

72.0%-16.5pp

Annual return

11.08%

17.97%-6.9pp

70.21%-59.1pp

34.26%-23.2pp

Employer contribution / active EE

$1,050

$2,973-64.7%

$4,348-75.9%

$3,038-65.4%

Participant deferral / active EE

$3,128

$5,021-37.7%

$6,035-48.2%

$5,090-38.5%

Admin fee / account holder

$196

$1,999-90.2%

$12,696-98.5%

$269-27.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$201,147

UBS FINANCIAL SERVICES INC9 years

Service code 27

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$43,464

BDO USA, LLP4 years

Service code 10

5300 PATTERSON AVE SE · GRAND RAPIDS, MI 49512

Accounting

$34,239

KEATING, MUETHING & KLEKAMP PLL2 years

Filed as: KEATING MUETHING & KLEKAMP PLL

Service code 50

ONE EAST FOURTH STREET STE 1400 · CINCINNATI, OH 452023752

Direct Payment

$19,784

KOGNITIV1 year

Filed as: KOGNITIV INC

Service code 50

1340 CENTRE ST 208 · NEWTON, MA 02459

Direct Payment

$7,500

BIG SKY RETIREMENT INC1 year

Filed as: BIG LANGUAGE SOLUTIONS HOLDINGS LLC

Service code 50

3424 PEACHTREE RD NE STE 2060 · ATLANTA, GA 30326

Direct Payment

$5,600

CHIQUITA/FRESH EXPRESS SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHIQUITA/FRESH EXPRESS SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

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