Retirement plan

VANEE FOODS 401(K) PLAN

Name: VANEE FOODS COMPANY - VANEE FOODS 401(K) PLAN (2024) Form 5500
Creator: VANEE FOODS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VANEE FOODS 401(K) PLAN, VANEE FOODS COMPANY

VANEE FOODS COMPANYEIN 36-2600918Plan #002PY 2024

709 ENTERPRISE DRIVE - OAKBROOK, IL 60523708-236-2145vaneefoodservice.comLinkedIn1-10 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$24.2M

+12.7% from 2023

Total participants

307

+4.4% from 2023

Average account balance

$80,365

+7.8% from 2023

Annual return

11.62%

-2.43 pp from 2023

Benchmarks

See 743 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort743 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.19M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

301

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$47,343
FOREST CAPITAL MANAGEMENT LLC3 years Service code 27 · EIN 46-5576228	Advisory (Plan)	$33,071

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$80K

$297 / participant

Investment mgmt$33K41.1%
Contract admin$47K58.9%

% of EOY assets

0.332%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,365

$66,486+20.9%

$81,370-1.2%

$77,762+3.3%

Participation rate

97.8%

68.7%+29.1pp

69.5%+28.2pp

70.6%+27.2pp

Annual return

11.62%

15.95%-4.3pp

24.85%-13.2pp

31.27%-19.6pp

Employer contribution / active EE

$1,315

$2,158-39.0%

$2,464-46.6%

$2,728-51.8%

Participant deferral / active EE

$2,936

$3,677-20.1%

$3,885-24.4%

$4,651-36.9%

Admin fee / account holder

$267

$586-54.4%

$5,749-95.4%

$433-38.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$47,343

FOREST CAPITAL MANAGEMENT LLC3 years

Service code 27 · EIN 46-5576228

Advisory (Plan)

$33,071

VANEE FOODS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VANEE FOODS 401(K) 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