Retirement plan

DIAGEO NORTH AMERICA, INC. 401K RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Name: DIAGEO NORTH AMERICA, INC. - DIAGEO NORTH AMERICA, INC. 401K RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES (2019) Form 5500
Creator: DIAGEO NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIAGEO NORTH AMERICA, INC. 401K RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES, DIAGEO NORTH AMERICA, INC.

DIAGEO NORTH AMERICA, INC.EIN 06-1067908Plan #011PY 2019

3 WORLD TRADE CENTER, 175 GREENWICH STREET - NEW YORK, NY 10007203-229-2100LinkedIn5001-10000 employeesfood production

Other plans on this EIN

6 filings

#002Retirement-$720.1M assets #001Retirement-$314.4M assets #007Retirement-$45.9M assets #010Retirement-$36.6M assets #008Retirement-$9.6M assets #009Retirement-$6.4M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed January 16, 2024 (most recent of 2 filings on file)

Plan administrator

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200 Elm Street

Stamford, CT 06901

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$12.4M

+6.5% from 2016

Total participants

663

+1.7% from 2016

Average account balance

$49,815

+1.6% from 2016

Annual return

18.19%

-7.17 pp from 2016

Benchmarks

See 691 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.82M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

260

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.

32.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.37%

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

1 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 codes2E2F2G2J2K3H

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.
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

1 tripped

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

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,815

$55,790-10.7%

$76,667-35.0%

$67,584-26.3%

Participation rate

34.1%

71.1%-37.0pp

72.1%-38.0pp

71.3%-37.2pp

Annual return

18.19%

64.45%-46.3pp

1166.74%-1148.5pp

378.59%-360.4pp

Employer contribution / active EE

$1,810-100.0%

$2,303-100.0%

$2,148-100.0%

Participant deferral / active EE

$1,285

$2,875-55.3%

$3,336-61.5%

$3,540-63.7%

Admin fee / account holder

$159-100.0%

$6,423-100.0%

$142-100.0%

DIAGEO NORTH AMERICA, INC. 401K RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DIAGEO NORTH AMERICA, INC. 401K RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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