Retirement plan

AMERICAN BEVERAGE CORPORATION RETIREMENT SAVINGS PLAN

Name: AMERICAN BEVERAGE CORPORATION - AMERICAN BEVERAGE CORPORATION RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: AMERICAN BEVERAGE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BEVERAGE CORPORATION RETIREMENT SAVINGS PLAN, AMERICAN BEVERAGE CORPORATION

AMERICAN BEVERAGE CORPORATIONEIN 34-0730294Plan #001PY 2024

ONE DAILY WAY - VERONA, PA 15147412-828-9020LinkedIn1-10 employeesfood & beverages

Other plans on this EIN

1 filing

#002Retirement-$9.1M assets

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10M

+10.4% from 2023

Total participants

229

+1.8% from 2023

Average account balance

$77,939

+13.8% from 2023

Annual return

10.58%

-1.55 pp from 2023

Benchmarks

See 940 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort940 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.98M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

128

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.

51.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$552K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$289

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 3 by compensation

Provider	Service type	Compensation
HILL WARD HENDERSON7 years Filed as: HILL BARTH & KING LLC DBA HBK CPAS Service code 10 6603 SUMMIT DR · CANFIELD, OH 44406	Accounting	$18,550
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$17,000
JPMORGAN INVEST HOLDINGS LLC2 years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$1,497

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$177 / participant

Recordkeeping$1K4.0%
Investment mgmt$17K45.9%
Other / not subdivided$19K50.1%

% of EOY assets

0.371%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HBK
Auditor EIN: 341897225
Audit fees: $18,550
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,939

$62,166+25.4%

$81,286-4.1%

$74,429+4.7%

Participation rate

51.7%

64.1%-12.4pp

69.5%-17.8pp

67.2%-15.5pp

Annual return

10.58%

16.50%-5.9pp

24.80%-14.2pp

1368.38%-1357.8pp

Employer contribution / active EE

$1,176

$1,881-37.5%

$2,463-52.2%

$2,625-55.2%

Participant deferral / active EE

$1,467

$3,223-54.5%

$3,883-62.2%

$4,348-66.3%

Admin fee / account holder

$289

$1,925-85.0%

$5,764-95.0%

$1,944-85.1%

Provider

Service type

Compensation

HILL WARD HENDERSON7 years

Filed as: HILL BARTH & KING LLC DBA HBK CPAS

Service code 10

6603 SUMMIT DR · CANFIELD, OH 44406

Accounting

$18,550

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 27

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$17,000

JPMORGAN INVEST HOLDINGS LLC2 years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$1,497

AMERICAN BEVERAGE CORPORATION RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BEVERAGE CORPORATION RETIREMENT SAVINGS 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