Retirement plan

WELCH FOODS, INC. & NATIONAL GRAPE CO-OPERATIVE ASSOC., INC. SAVINGS/SUPPLEMENTAL RETIREMENT PLAN

Name: WELCH FOODS INC., A COOPERATIVE - WELCH FOODS, INC. & NATIONAL GRAPE CO-OPERATIVE ASSOC., INC. SAVINGS/SUPPLEMENTAL RETIREMENT PLAN (2020) Form 5500
Creator: WELCH FOODS INC., A COOPERATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELCH FOODS, INC. & NATIONAL GRAPE CO-OPERATIVE ASSOC., INC. SAVINGS/SUPPLEMENTAL RETIREMENT PLAN, WELCH FOODS INC., A COOPERATIVE

WELCH FOODS INC., A COOPERATIVEEIN 16-0998906Plan #007PY 2020

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

Other plans on this EIN

2 filings

#006Retirement-$109.2M assets #008Retirement-$2.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$106.7M

+10.3% from 2019

Total participants

477

+3.0% from 2019

Average account balance

$228,003

+6.1% from 2019

Annual return

16.88%

+12.83 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$125.25M

Not enough data

1 years with asset history on file

Average account balance

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

$228K

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.

549

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+19.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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

Top 5 by compensation

Provider	Service type	Compensation
FIDUCIARY INVESTMENT ADVISORS4 years Service code 16 ONE HUNDRED NORTHFIELD DR · WINDSOR, CT 06095	Consulting	$44,013
BOIVIN & ASSOCIATES4 years Filed as: BOIVIN & ASSOCIATES, CPAS, PLLC Service code 10 395 DANIEL WEBSTER HWY, UNIT 6 · MERRIMACK, NH 03054	Accounting	$8,000
T ROWE PRICE RPS INC5+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$2,130
CHARLES SCHWAB & CO., INC.1 year Service code 33 211 MAIN STREET · SAN FRANCISCO, CA 94105	Float revenue; Securities brokerage; ...	$154
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS INC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$54K

$200 / participant

Investment mgmt$44K81.1%
Other / not subdivided$10K18.9%

% of EOY assets

0.051%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - 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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$228,003

$61,473+270.9%

$81,726+179.0%

$73,412+210.6%

Participation rate

96.7%

72.4%+24.3pp

72.0%+24.7pp

72.2%+24.5pp

Annual return

16.88%

28.26%-11.4pp

29.49%-12.6pp

59.30%-42.4pp

Employer contribution / active EE

$7,874

$1,898+314.9%

$4,311+82.7%

$2,234+252.5%

Participant deferral / active EE

$11,989

$3,080+289.2%

$7,108+68.7%

$3,806+215.0%

Admin fee / account holder

$116

$125-7.5%

$5,160-97.8%

$158-26.5%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS4 years

Service code 16

ONE HUNDRED NORTHFIELD DR · WINDSOR, CT 06095

Consulting

$44,013

BOIVIN & ASSOCIATES4 years

Filed as: BOIVIN & ASSOCIATES, CPAS, PLLC

Service code 10

395 DANIEL WEBSTER HWY, UNIT 6 · MERRIMACK, NH 03054

Accounting

$8,000

T ROWE PRICE RPS INC5+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$2,130

CHARLES SCHWAB & CO., INC.1 year

Service code 33

211 MAIN STREET · SAN FRANCISCO, CA 94105

Float revenue; Securities brokerage; ...

$154

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS INC

Service code 15

Recordkeeping

WELCH FOODS, INC. & NATIONAL GRAPE CO-OPERATIVE ASSOC., INC. SAVINGS/SUPPLEMENTAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELCH FOODS, INC. & NATIONAL GRAPE CO-OPERATIVE ASSOC., INC. SAVINGS/SUPPLEMENTAL RETIREMENT PLAN

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