Retirement plan

MERVENNE BEVERAGE, INC. 401(K) PROFIT SHARING PLAN FOR BARGAINING UNIT EMPLOYEES

Name: MERVENNE BEVERAGE, INC. - MERVENNE BEVERAGE, INC. 401(K) PROFIT SHARING PLAN FOR BARGAINING UNIT EMPLOYEES (2023) Form 5500
Creator: MERVENNE BEVERAGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERVENNE BEVERAGE, INC. 401(K) PROFIT SHARING PLAN FOR BARGAINING UNIT EMPLOYEES, MERVENNE BEVERAGE, INC.

MERVENNE BEVERAGE, INC.EIN 38-1856850Plan #003PY 2023

4209 M-40 - HOLLAND, MI 49423269-751-7373mbwwa.orgLinkedIn11-50 employeesfood & beverages

Other plans on this EIN

1 filing

#001Retirement-$2.6M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$1.3M

+18.3% from 2022

Total participants

-5.9% from 2022

Average account balance

$79,195

+18.3% from 2022

Annual return

13.95%

+29.67 pp from 2022

Benchmarks

See 23,805 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,805 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.40M

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.

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48K

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

+9.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1523

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$239 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.264%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,195

$154,209-48.6%

$130,062-39.1%

$139,487-43.2%

Participation rate

100.0%

82.0%+18.0pp

78.5%+21.5pp

80.3%+19.7pp

Annual return

13.95%

32.52%-18.6pp

-137.37%+151.3pp

373.84%-359.9pp

Employer contribution / active EE

$2,344

$5,292-55.7%

$4,322-45.8%

$4,755-50.7%

Participant deferral / active EE

$1,195

$6,709-82.2%

$5,821-79.5%

$6,713-82.2%

Admin fee / account holder

$209

$13,988-98.5%

$10,601-98.0%

$11,407-98.2%

MERVENNE BEVERAGE, INC. 401(K) PROFIT SHARING PLAN FOR BARGAINING UNIT EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERVENNE BEVERAGE, INC. 401(K) PROFIT SHARING PLAN FOR BARGAINING UNIT EMPLOYEES

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