Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF EURO FOODS, INC. D/B/A CITTERIO U.S.A. CORPORATION

Name: EURO FOODS, INC. D/B/A CITTERIO USA CORPORATION - RETIREMENT PLAN FOR EMPLOYEES OF EURO FOODS, INC. D/B/A CITTERIO U.S.A. CORPORATION (2024) Form 5500
Creator: EURO FOODS, INC. D/B/A CITTERIO USA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR EMPLOYEES OF EURO FOODS, INC. D/B/A CITTERIO U.S.A. CORPORATION, EURO FOODS, INC. D/B/A CITTERIO USA CORPORATION

EURO FOODS, INC. D/B/A CITTERIO USA CORPORATIONEIN 23-1912587Plan #001PY 2024

2376 SR 940 HIGHWAY - FREELAND, PA 18224570-636-3171

Other plans on this EIN

1 filing

#002Retirement-$10.4M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$12.2M

-18.7% from 2023

Total participants

121

+13.1% from 2023

Average account balance

$116,843

-26.5% from 2023

Annual return

15.91%

-3.79 pp from 2023

Benchmarks

See 2,589 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,589 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.15M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

104

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$830K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57889

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$6.0M

$78188 / participant

Other / not subdivided$6M100.0%

% of EOY assets

49.544%

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

$116,843

$63,809+83.1%

$81,353+43.6%

$80,935+44.4%

Participation rate

77.9%

63.9%+14.0pp

69.5%+8.4pp

67.7%+10.3pp

Annual return

15.91%

16.37%-0.5pp

24.82%-8.9pp

35.66%-19.7pp

Employer contribution / active EE

$6,914

$1,981+249.1%

$2,464+180.6%

$2,757+150.8%

Participant deferral / active EE

$3,869

$3,093+25.1%

$3,885-0.4%

$4,299-10.0%

Admin fee / account holder

$57,889

$5,686+918.2%

$5,766+903.9%

$6,924+736.0%

RETIREMENT PLAN FOR EMPLOYEES OF EURO FOODS, INC. D/B/A CITTERIO U.S.A. CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR EMPLOYEES OF EURO FOODS, INC. D/B/A CITTERIO U.S.A. CORPORATION

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