Retirement plan

WORLD FINER FOODS, LLC PROFIT SHARING AND 401K

Name: WORLD FINER FOODS LLC - WORLD FINER FOODS, LLC PROFIT SHARING AND 401K (2024) Form 5500
Creator: WORLD FINER FOODS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORLD FINER FOODS, LLC PROFIT SHARING AND 401K, WORLD FINER FOODS LLC

WORLD FINER FOODS LLCEIN 31-0812001Plan #001PY 2024

1455 BROAD STREET 4TH FLOOR - BLOOMFIELD, NJ 07003973-338-0300worldfiner.comLinkedIn51-200 employeesfood & beverages

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$24.1M

+16.9% from 2023

Total participants

169

0.0% from 2023

Average account balance

$144,261

+16.9% from 2023

Annual return

16.57%

-3.00 pp from 2023

Benchmarks

See 9,334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,334 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.09M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

167

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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 4 by compensation

Provider	Service type	Compensation
MAI CAPITAL MANAGEMENT, LLC1 year Service code 99 · EIN 61-1495162	Other Fees	$13,001
PKF O'CONNOR DAVIES, LLP6 years Service code 99 · EIN 27-1728945	Other Fees	$12,500
LPL FINANCIAL5 years Filed as: LPL FINANCIAL CORPORATION Service code 55 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Other Commissions	$9,280
VOYA RETIREMENT INSURANCE & ANNUITY6 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$1,145

Plan features & details

Pension benefit codes2E2F2G2J3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$144 / participant

Contract admin$13K97.4%
Other / not subdivided$3502.6%

% of EOY assets

0.057%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,261

$71,215+102.6%

$93,696+54.0%

$80,935+78.2%

Participation rate

97.9%

60.4%+37.5pp

68.7%+29.2pp

67.7%+30.2pp

Annual return

16.57%

11.27%+5.3pp

133.74%-117.2pp

35.66%-19.1pp

Employer contribution / active EE

$5,089

$1,565+225.2%

$2,422+110.1%

$2,757+84.6%

Participant deferral / active EE

$10,942

$4,037+171.1%

$4,417+147.7%

$4,299+154.5%

Admin fee / account holder

$82

$6,958-98.8%

$8,287-99.0%

$6,924-98.8%

Provider

Service type

Compensation

MAI CAPITAL MANAGEMENT, LLC1 year

Service code 99 · EIN 61-1495162

Other Fees

$13,001

PKF O'CONNOR DAVIES, LLP6 years

Service code 99 · EIN 27-1728945

Other Fees

$12,500

LPL FINANCIAL5 years

Filed as: LPL FINANCIAL CORPORATION

Service code 55

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Other Commissions

$9,280

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$1,145

WORLD FINER FOODS, LLC PROFIT SHARING AND 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORLD FINER FOODS, LLC PROFIT SHARING AND 401K

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