Retirement plan

B&G FOODS PORTLAND ME UNION 401K PLAN

Name: B&G FOODS NORTH AMERICA, INC. - B&G FOODS PORTLAND ME UNION 401K PLAN (2021) Form 5500
Creator: B&G FOODS NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B&G FOODS PORTLAND ME UNION 401K PLAN, B&G FOODS NORTH AMERICA, INC.

B&G FOODS NORTH AMERICA, INC.EIN 22-3640377Plan #008PY 2021

FOUR GATEHALL DRIVE - PARSIPPANY, NJ 070544522973-401-6500LinkedIn1-10 employeesfood production

Other plans on this EIN

8 filings

#003Retirement-$146.2M assets #002Retirement-$94.3M assets #010Retirement-$75.2M assets #009Retirement-$13.5M assets #006Retirement-$10.4M assets #007Retirement-$7.6M assets #004Retirement-$7.0M assets #001Retirement-$6.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$955K

+2.7% from 2020

Total participants

-57.7% from 2020

Average account balance

$31,831

+26.7% from 2020

Annual return

11.77%

-7.49 pp from 2020

Benchmarks

See 3,802 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,802 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-5.37%

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

0 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 codes2E2F2G2J2T3D3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$201K

Other / not subdivided$201K100.0%

% of EOY assets

21.101%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,831

$110,801-71.3%

$86,615-63.3%

$167,536-81.0%

Participation rate

0.0%

75.8%-75.8pp

71.6%-71.6pp

82.1%-82.1pp

Annual return

11.77%

116.96%-105.2pp

63.51%-51.7pp

478.82%-467.0pp

Employer contribution / active EE

$3,245-100.0%

$2,496-100.0%

$4,839-100.0%

Participant deferral / active EE

$4,547-100.0%

$3,699-100.0%

$6,342-100.0%

Admin fee / account holder

$6,717

$8,417-20.2%

$5,830+15.2%

$12,315-45.5%

B&G FOODS PORTLAND ME UNION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B&G FOODS PORTLAND ME UNION 401K 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