Retirement plan

FLAVORCHEM CORPORATION EMPLOYEES' PROFIT SHARING PLAN

Name: FLAVORCHEM CORPORATION - FLAVORCHEM CORPORATION EMPLOYEES' PROFIT SHARING PLAN (2024) Form 5500
Creator: FLAVORCHEM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLAVORCHEM CORPORATION EMPLOYEES' PROFIT SHARING PLAN, FLAVORCHEM CORPORATION

FLAVORCHEM CORPORATIONEIN 36-2720869Plan #001PY 2024

1525 BROOK DRIVE - DOWNERS GROVE, IL 60515630-932-8100flavorchem.comLinkedIn201-500 employeesfood & beverages

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$30.6M

+15.6% from 2023

Total participants

501

+1.6% from 2023

Average account balance

$68,254

+15.9% from 2023

Annual return

14.02%

-3.61 pp from 2023

Benchmarks

See 745 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort745 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.65M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

449

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.

86.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.65M

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$47,787
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH Service code 27 · EIN 33-0809805	Advisory (Plan)	$8,483

Plan features & details

Pension benefit codes2G2J2E2T2F3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$73K

$192 / participant

Recordkeeping$48K65.3%
Other / not subdivided$25K34.7%

% of EOY assets

0.239%

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: PLANTE MORAN, PLLC
Auditor EIN: 381357951
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,254

$66,457+2.7%

$81,438-16.2%

$77,671-12.1%

Participation rate

86.3%

68.7%+17.6pp

69.5%+16.8pp

70.6%+15.7pp

Annual return

14.02%

15.93%-1.9pp

24.74%-10.7pp

31.21%-17.2pp

Employer contribution / active EE

$2,221

$2,159+2.9%

$2,460-9.7%

$2,726-18.5%

Participant deferral / active EE

$4,756

$3,679+29.3%

$3,883+22.5%

$4,648+2.3%

Admin fee / account holder

$163

$583-72.0%

$5,764-97.2%

$430-62.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$47,787

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 33-0809805

Advisory (Plan)

$8,483

FLAVORCHEM CORPORATION EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLAVORCHEM CORPORATION EMPLOYEES' PROFIT SHARING 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