Retirement plan

BOVA FOOD DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN

Name: BOVA FOOD DISTRIBUTORS, INC. - BOVA FOOD DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN (2025) Form 5500
Creator: BOVA FOOD DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOVA FOOD DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN, BOVA FOOD DISTRIBUTORS, INC.

BOVA FOOD DISTRIBUTORS, INC.EIN 23-2148481Plan #001PY 2025

4365 COUNTY LINE RD - CHALFONT, PA 18914215-997-1130bovafoods.comLinkedIn51-200 employeesfood & beverages

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6M

-27.6% from 2024

Total participants

123

+2.5% from 2024

Average account balance

$52,516

-29.5% from 2024

Annual return

7.79%

+0.42 pp from 2024

Benchmarks

See 2,148 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort2,148 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.04M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

115

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$339K

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

+7.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$395

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
LINCOLN NATIONAL CORPORATION3 years Service code 64 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802	Recordkeeping Fees	$41,567
LEGACY RETIREMENT SOLUTIONS, LLC2 years Service code 37 · EIN 27-3853858 P.O. BOX 1215 · BROOKHAVEN, PA 19015	Loan Processing	$3,875

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$45K

$640 / participant

Contract admin$45K100.0%

% of EOY assets

0.752%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,516

$36,948+42.1%

$73,658-28.7%

$87,485-40.0%

Participation rate

88.7%

46.8%+41.9pp

57.0%+31.7pp

68.9%+19.8pp

Annual return

7.79%

28.64%-20.8pp

29.72%-21.9pp

26.06%-18.3pp

Employer contribution / active EE

$2,371

$670+253.9%

$1,032+129.7%

$2,596-8.7%

Participant deferral / active EE

$2,409

$1,379+74.7%

$2,062+16.8%

$4,274-43.6%

Admin fee / account holder

$395

$2,531-84.4%

$3,357-88.2%

$7,775-94.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 64 · EIN 35-0472300

P.O. BOX 7877 · FORT WAYNE, IN 46802

Recordkeeping Fees

$41,567

LEGACY RETIREMENT SOLUTIONS, LLC2 years

Service code 37 · EIN 27-3853858

P.O. BOX 1215 · BROOKHAVEN, PA 19015

Loan Processing

$3,875

BOVA FOOD DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOVA FOOD DISTRIBUTORS, INC. 401(K) PROFIT SHARING 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