Retirement plan

WAKEFERN FOOD CORPORATION 401(K) SAVINGS PLAN

Name: WAKEFERN FOOD CORP. - WAKEFERN FOOD CORPORATION 401(K) SAVINGS PLAN (2023) Form 5500
Creator: WAKEFERN FOOD CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAKEFERN FOOD CORPORATION 401(K) SAVINGS PLAN, WAKEFERN FOOD CORP.

WAKEFERN FOOD CORP.EIN 22-1434516Plan #002PY 2023

5000 RIVERSIDE DRIVE - KEASBEY, NJ 08832732-512-6374wakefern.comLinkedIn10001+ employeesretail

Other plans on this EIN

2 filings

#001Retirement-$123.8M assets #005Retirement-$6.7M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 22, 2023 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

5000 Riverside Drive

Keasbey, NJ 08832

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Plans declared (1)

Wakefern Food Corp. Pension Benefit Maintenance Plan37 emp

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Total assets (EOY)

$430.9M

-5.7% from 2016

Total participants

2,464

-5.7% from 2016

Average account balance

$181,503

-0.0% from 2016

Annual return

19.84%

-4.73 pp from 2016

Benchmarks

See 309 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort309 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$478.47M

Not enough data

1 years with asset history on file

Average account balance

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

$203K

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.

2,360

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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 3 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$189,773
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$114,868
WITHUMSMITH+BROWN, PC4 years Filed as: WITHUM SMITH & BROWN Service code 10 · EIN 22-2027092	Accounting	$33,822

Plan features & details

Pension benefit codes2G2J2K2T3H2R2E2F

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$336K

$177 / participant

Recordkeeping$112K33.4%
Investment mgmt$190K56.5%
Other / not subdivided$34K10.1%

% of EOY assets

0.078%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH BROWN, PC
Auditor EIN: 222027092
Audit fees: $33,822
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$181,503

$85,144+113.2%

$130,070+39.5%

$80,187+126.4%

Participation rate

95.3%

79.5%+15.7pp

78.5%+16.7pp

72.9%+22.3pp

Annual return

19.84%

23.78%-3.9pp

-137.40%+157.2pp

40.40%-20.6pp

Employer contribution / active EE

$4,776

$3,059+56.1%

$4,322+10.5%

$2,980+60.3%

Participant deferral / active EE

$9,512

$4,992+90.5%

$5,821+63.4%

$5,016+89.6%

Admin fee / account holder

$142

$392-63.9%

$10,600-98.7%

$145-2.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$189,773

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$114,868

WITHUMSMITH+BROWN, PC4 years

Filed as: WITHUM SMITH & BROWN

Service code 10 · EIN 22-2027092

Accounting

$33,822

WAKEFERN FOOD CORPORATION 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAKEFERN FOOD CORPORATION 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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