Retirement plan

AGRANA FRUIT US, INC. 401(K) PROFIT SHARING PLAN

Name: AGRANA FRUIT US, INC. - AGRANA FRUIT US, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: AGRANA FRUIT US, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGRANA FRUIT US, INC. 401(K) PROFIT SHARING PLAN, AGRANA FRUIT US, INC.

AGRANA FRUIT US, INC.EIN 34-1241911Plan #002PY 2022

6850 SOUTHPOINTE PKWY - BRECKSVILLE, OH 441413260440-546-1199agrana.usLinkedIn51-200 employeesfood production

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed September 29, 1992 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$27.1M

-19.1% from 2021

Total participants

443

+5.7% from 2021

Average account balance

$78,395

-24.3% from 2021

Annual return

-18.27%

-31.31 pp from 2021

Benchmarks

See 736 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$34.19M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

397

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242

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 4 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 28 DBA CAPTRUST 4208 SIX FORKS RD.1700 · RALEIGH, NC 27609	Investment Management	$70,765
NATIONWIDE8+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$33,766
PENSION FINANCIAL SERVICES, INC.7 years Filed as: PENSION FINANCIAL SERVICES INC Service code 13 3700 CRESTWOOD PARKWAY SUITE 550 DU · DULUTH, GA 300967157	Contract Administrator	$17,688
PENSION ASSURANCE LLP7 years Filed as: PENSION FINANCIAL SERVCIES INC Service code 13	Contract Administrator	$14,976

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$122K

$336 / participant

Other / not subdivided$122K100.0%

% of EOY assets

0.451%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: THORNHILL FINANCIAL, LLC
Auditor EIN: 341818419
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,395

$56,503+38.7%

$70,092+11.8%

$64,808+21.0%

Participation rate

73.4%

70.5%+2.9pp

71.5%+1.9pp

Annual return

-18.27%

-13.44%-4.8pp

190.73%-209.0pp

32.82%-51.1pp

Employer contribution / active EE

$1,933

$2,046-5.6%

$2,559-24.5%

$2,506-22.9%

Participant deferral / active EE

$4,104

$3,389+21.1%

$3,849+6.6%

$4,310-4.8%

Admin fee / account holder

$353

$160+120.3%

$6,267-94.4%

$188+88.1%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 28

DBA CAPTRUST 4208 SIX FORKS RD.1700 · RALEIGH, NC 27609

Investment Management

$70,765

NATIONWIDE8+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$33,766

PENSION FINANCIAL SERVICES, INC.7 years

Filed as: PENSION FINANCIAL SERVICES INC

Service code 13

3700 CRESTWOOD PARKWAY SUITE 550 DU · DULUTH, GA 300967157

Contract Administrator

$17,688

PENSION ASSURANCE LLP7 years

Filed as: PENSION FINANCIAL SERVCIES INC

Service code 13

Contract Administrator

$14,976

AGRANA FRUIT US, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGRANA FRUIT US, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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