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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$3.0M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.4M

+10.8% from 2023

Total participants

+12.5% from 2023

Average account balance

$78,003

-1.5% from 2023

Annual return

9.17%

-4.78 pp from 2023

Benchmarks

See 23,882 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,882 peers

Snapshot2024

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$27K

$1958 / participant

Other / not subdivided$27K100.0%

% of EOY assets

1.952%

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

$78,003

$166,131-53.0%

$164,975-52.7%

$145,877-46.5%

Participation rate

100.0%

82.0%+18.0pp

78.6%+21.4pp

80.3%+19.7pp

Annual return

9.17%

100.37%-91.2pp

70.12%-61.0pp

551.28%-542.1pp

Employer contribution / active EE

$2,515

$5,276-52.3%

$4,343-42.1%

$4,663-46.1%

Participant deferral / active EE

$925

$6,962-86.7%

$6,033-84.7%

$6,691-86.2%

Admin fee / account holder

$1,523

$16,648-90.9%

$12,688-88.0%

$13,402-88.6%

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