Retirement plan

US FOODS 401(K) PLAN

Name: US FOODS, INC. - US FOODS 401(K) PLAN (2020) Form 5500
Creator: US FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, US FOODS 401(K) PLAN, US FOODS, INC.

US FOODS, INC.EIN 36-3642294Plan #001PY 2020

9399 HIGGINS ROAD, SUITE 100 - ROSEMONT, IL 60018847-720-8000usfoods.comLinkedIn10001+ employeesfood & beverages

Other plans on this EIN

2 filings

#012Retirement-$1.11B assets #112Retirement--

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed July 17, 2013 (most recent of 7 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)

$2094M

+9.6% from 2019

Total participants

29,879

-1.1% from 2019

Average account balance

$88,519

+10.3% from 2019

Annual return

16.50%

-9.19 pp from 2019

Benchmarks

See 34 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort34 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.48B

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.

28,755

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$234.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INVST INST OPERATIONS CO. Service code 37 · EIN 04-2647786	Loan Processing	$1,441,388
WILLIS TOWERS WATSON US LLC6+ years Filed as: TOWERS WATSON INVESTMENT SERVICES Service code 27 · EIN 52-1868818	Advisory (Plan)	$181,875
PLANTE & MORAN, PLLC6+ years Filed as: PLANTE MORAN Service code 10 · EIN 38-1357951	Accounting	$26,300
SEYFARTH SHAW LLP2 years Filed as: SEYFARTH SHAW, LLP Service code 29 233 SOUTH WACKER DRIVE · CHICAGO, IL 60606	Legal	$17,165
THOMPSON HINE1 year Service code 29 20 NORTH CLARK STREET · CHICAGO, IL 606025093	Legal	$12,029
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INV INST OPERATIONS CO. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

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

$1.7M

$69 / participant

Contract admin$1M85.9%
Other / not subdivided$237K14.1%

% of EOY assets

0.080%

all-in expense ratio

Categories reported

1 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,519

$94,554-6.4%

$133,956-33.9%

$106,222-16.7%

Participation rate

74.4%

76.2%-1.8pp

79.8%-5.4pp

70.8%+3.6pp

Annual return

16.50%

16.55%-0.1pp

45.09%-28.6pp

21.69%-5.2pp

Employer contribution / active EE

$1,940

$2,503-22.5%

$3,919-50.5%

$2,723-28.8%

Participant deferral / active EE

$4,229

$4,130+2.4%

$5,048-16.2%

$4,600-8.1%

Admin fee / account holder

$71

$69+2.9%

$8,927-99.2%

$78-9.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INVST INST OPERATIONS CO.

Service code 37 · EIN 04-2647786

Loan Processing

$1,441,388

WILLIS TOWERS WATSON US LLC6+ years

Filed as: TOWERS WATSON INVESTMENT SERVICES

Service code 27 · EIN 52-1868818

Advisory (Plan)

$181,875

PLANTE & MORAN, PLLC6+ years

Filed as: PLANTE MORAN

Service code 10 · EIN 38-1357951

Accounting

$26,300

SEYFARTH SHAW LLP2 years

Filed as: SEYFARTH SHAW, LLP

Service code 29

233 SOUTH WACKER DRIVE · CHICAGO, IL 60606

Legal

$17,165

THOMPSON HINE1 year

Service code 29

20 NORTH CLARK STREET · CHICAGO, IL 606025093

Legal

$12,029

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INV INST OPERATIONS CO.

Service code 60

Sub-TA Fees

US FOODS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US FOODS 401(K) 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