Retirement plan

WELCH FOODS, INC. PENSION PLAN FOR UNION EMPLOYEES AT LAWTON & THE PENSION PLAN FOR UNION EMPLOYEES AT WESTFIELD

Name: WELCH FOODS, INC., A COOPERATIVE - WELCH FOODS, INC. PENSION PLAN FOR UNION EMPLOYEES AT LAWTON & THE PENSION PLAN FOR UNION EMPLOYEES AT WESTFIELD (2018) Form 5500
Creator: WELCH FOODS, INC., A COOPERATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELCH FOODS, INC. PENSION PLAN FOR UNION EMPLOYEES AT LAWTON & THE PENSION PLAN FOR UNION EMPLOYEES AT WESTFIELD, WELCH FOODS, INC., A COOPERATIVE

WELCH FOODS, INC., A COOPERATIVEEIN 16-0998906Plan #006PY 2018

300 BAKER AVENUE, SUITE 101 - CONCORD, MA 01742978-371-1000LinkedIn1001-5000 employeesfood production

Other plans on this EIN

3 filings

#007Retirement-$97.9M assets #001Retirement-$81.6M assets #008Retirement-$1.8M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$23.6M

+18.0% from 2017

Total participants

346

+0.3% from 2017

Average account balance

No prior year

Annual return

5.68%

-4.24 pp from 2017

Benchmarks

See 159 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined benefit

Participants25-99

Cohort159 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$128.89M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

899

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+5.51%

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

See the 10-year trajectory. $4.99 for your first month.

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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.

Enrolled actuary

1 attachment

See 1 actuary disclosure. $4.99 for your first month.

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Plan features & details

Pension benefit codes1A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$287K

$3505 / participant

Investment mgmt$53K18.3%
Other / not subdivided$235K81.7%

% of EOY assets

1.220%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOIVIN & ASSOCIATES, CPAS, PLLC
Auditor EIN: 271516157
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,125-100.0%

$98,614-100.0%

$105,125-100.0%

Participation rate

0.0%

0.0%0pp

8.8%-8.8pp

14.6%-14.6pp

Annual return

5.68%

-2.38%+8.1pp

-0.41%+6.1pp

10.56%-4.9pp

Employer contribution / active EE

$49,211

$9,517+417.1%

$15,396+219.6%

$13,643+260.7%

Participant deferral / active EE

$84-100.0%

$26-100.0%

$62-100.0%

Admin fee / account holder

$3,354-100.0%

$2,970-100.0%

$3,354-100.0%

WELCH FOODS, INC. PENSION PLAN FOR UNION EMPLOYEES AT LAWTON & THE PENSION PLAN FOR UNION EMPLOYEES AT WESTFIELD

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELCH FOODS, INC. PENSION PLAN FOR UNION EMPLOYEES AT LAWTON & THE PENSION PLAN FOR UNION EMPLOYEES AT WESTFIELD

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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