Retirement plan

VF 401K SAVINGS PLAN

Name: VF CORPORATION - VF 401K SAVINGS PLAN (2019) Form 5500
Creator: VF CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VF 401K SAVINGS PLAN, VF CORPORATION

VF CORPORATIONEIN 23-1180120Plan #002PY 2019

105 CORPORATE CENTER BLVD - GREENSBORO, NC 27408336-424-6000

Other plans on this EIN

1 filing

#001Retirement-$1.59B assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$975.2M

-5.3% from 2018

Total participants

21,048

-10.5% from 2018

Average account balance

$48,791

+3.6% from 2018

Annual return

1.51%

+0.75 pp from 2018

Benchmarks

See 1,091 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,091 peers

Snapshot2019

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.15B

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

16,157

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 15 · EIN 04-2647786	Recordkeeping	$858,000
FINANCIAL ENGINES5+ years Service code 27 · EIN 77-0473565	Advisory (Plan)	$382,403
STATE STREET GLOBAL ADVISORS4+ years Service code 49 · EIN 04-1867445	Other Services	$100,000
AON CONSULTING1 year Filed as: AON Service code 16 · EIN 36-3109431	Consulting	$92,500
SEYFARTH SHAW LLP2 years Service code 29 · EIN 36-2152202	Legal	$72,566
MPS COMMUNICATIONS5+ years Filed as: MPS COMMUNICATION GRAPHICS, INC. Service code 36 · EIN 23-2808727	Copying and duplicating	$57,369
BDO USA, LLP1 year Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$43,280
LPL FINANCIAL5+ years Service code 16 · EIN 04-3046611	Consulting	$40,000

Plan features & details

Pension benefit codes2F2G2J2K2O2R2S2T2E

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$115 / participant

Investment mgmt$515K31.3%
Contract admin$819K49.9%
Other / not subdivided$309K18.8%

% of EOY assets

0.169%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,791

$89,569-45.5%

$76,817-36.5%

$89,569-45.5%

Participation rate

92.6%

69.6%+23.0pp

72.1%+20.5pp

69.6%+23.0pp

Annual return

1.51%

34.56%-33.0pp

1166.11%-1164.6pp

34.56%-33.0pp

Employer contribution / active EE

$2,354

$2,584-8.9%

$2,302+2.3%

$2,584-8.9%

Participant deferral / active EE

$3,458

$4,220-18.1%

$3,336+3.7%

$4,220-18.1%

Admin fee / account holder

$82

$72+14.8%

$6,420-98.7%

$72+14.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 15 · EIN 04-2647786

Recordkeeping

$858,000

FINANCIAL ENGINES5+ years

Service code 27 · EIN 77-0473565

Advisory (Plan)

$382,403

STATE STREET GLOBAL ADVISORS4+ years

Service code 49 · EIN 04-1867445

Other Services

$100,000

AON CONSULTING1 year

Filed as: AON

Service code 16 · EIN 36-3109431

Consulting

$92,500

SEYFARTH SHAW LLP2 years

Service code 29 · EIN 36-2152202

Legal

$72,566

MPS COMMUNICATIONS5+ years

Filed as: MPS COMMUNICATION GRAPHICS, INC.

Service code 36 · EIN 23-2808727

Copying and duplicating

$57,369

BDO USA, LLP1 year

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$43,280

LPL FINANCIAL5+ years

Service code 16 · EIN 04-3046611

Consulting

$40,000

VF 401K SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VF 401K SAVINGS PLAN

Top hat statement on fileNQDC

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