Retirement plan

GIORGIO COMPANIES PROFIT SHARING & 401(K) PLAN

Name: GIORGIO FOODS, INC. - GIORGIO COMPANIES PROFIT SHARING & 401(K) PLAN (2024) Form 5500
Creator: GIORGIO FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIORGIO COMPANIES PROFIT SHARING & 401(K) PLAN, GIORGIO FOODS, INC.

GIORGIO FOODS, INC.EIN 23-1661073Plan #001PY 2024

108 PLAZA DR, SUITE 200 - BLANDON, PA 19510610-926-2139giorgiofoods.comLinkedIn1001-5000 employeesfood & beverages

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$101.7M

+11.4% from 2023

Total participants

3,112

+5.6% from 2023

Average account balance

$33,724

+4.9% from 2023

Annual return

13.00%

-3.46 pp from 2023

Benchmarks

See 333 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort333 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$101.75M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

3,017

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC10+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 26 · EIN 13-2638166	Advisory (Participants)	$144,099
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP INC. Service code 12 · EIN 27-2037969	Direct payment from the plan; Account...	$125,220

Plan features & details

Pension benefit codes2E2F2G2J2S2X3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$269K

$105 / participant

Recordkeeping$100K37.2%
Investment mgmt$144K53.5%
Contract admin$25K9.3%

% of EOY assets

0.265%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,724

$2,687,218-98.7%

$165,071-79.6%

$199,960-83.1%

Participation rate

96.3%

78.3%+18.0pp

78.6%+17.7pp

72.0%+24.3pp

Annual return

13.00%

17.94%-4.9pp

70.17%-57.2pp

34.28%-21.3pp

Employer contribution / active EE

$1,898

$2,958-35.8%

$4,347-56.3%

$3,036-37.5%

Participant deferral / active EE

$2,941

$5,002-41.2%

$6,035-51.3%

$5,087-42.2%

Admin fee / account holder

$89

$1,988-95.5%

$12,695-99.3%

$269-66.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC10+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 26 · EIN 13-2638166

Advisory (Participants)

$144,099

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT GROUP INC.

Service code 12 · EIN 27-2037969

Direct payment from the plan; Account...

$125,220

GIORGIO COMPANIES PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIORGIO COMPANIES PROFIT SHARING & 401(K) 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