Retirement plan

THE J.M. SMUCKER COMPANY EMPLOYEE SAVINGS PLAN

Name: THE J.M. SMUCKER COMPANY - THE J.M. SMUCKER COMPANY EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: THE J.M. SMUCKER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE J.M. SMUCKER COMPANY EMPLOYEE SAVINGS PLAN, THE J.M. SMUCKER COMPANY

THE J.M. SMUCKER COMPANYEIN 34-0538550Plan #011PY 2017

1 STRAWBERRY LANE - ORRVILLE, OH 44667330-682-3000jmsmucker.comLinkedIn5001-10000 employeesconsumer goods

Other plans on this EIN

7 filings

#001Retirement-$135.9M assets #202Retirement-$124.3M assets #002Retirement-$98.8M assets #003Retirement-$64.5M assets #010Retirement--#203Retirement--#204Retirement--

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed September 29, 2020 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1 Strawberry Lane

Orrville, OH 44667

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Plans declared (1)

The J. M. Smucker Company Non-Elected Officer Severance Plan4 emp

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Total assets (EOY)

$1070.6M

-7.9% from 2016

Total participants

8,481

-3.8% from 2016

Average account balance

$136,226

-7.0% from 2016

Annual return

73.83%

+3.55 pp from 2016

Benchmarks

See 37 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort37 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.47B

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

10,691

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+20.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$92,266
WILLIS TOWERS WATSON US LLC1 year Filed as: WILLIS TOWERS WATSON Service code 16 · EIN 53-0181291	Consulting	$28,576

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H3I

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

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

$121K

$19 / participant

Contract admin$92K76.4%
Other / not subdivided$29K23.6%

% of EOY assets

0.011%

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: MALONEY & NOVOTNY, LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,226

$94,339+44.4%

$75,501+80.4%

$177,276-23.2%

Participation rate

90.2%

80.3%+9.9pp

72.4%+17.8pp

74.8%+15.3pp

Annual return

73.83%

18.58%+55.2pp

27.35%+46.5pp

21.25%+52.6pp

Employer contribution / active EE

$5,173

$2,982+73.5%

$2,352+120.0%

$2,479+108.7%

Participant deferral / active EE

$6,318

$3,974+59.0%

$3,142+101.1%

$3,881+62.8%

Admin fee / account holder

$15

$53-70.9%

$5,801-99.7%

$154-90.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$92,266

WILLIS TOWERS WATSON US LLC1 year

Filed as: WILLIS TOWERS WATSON

Service code 16 · EIN 53-0181291

Consulting

$28,576

THE J.M. SMUCKER COMPANY EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE J.M. SMUCKER COMPANY EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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