Retirement plan

VALLUZZO COMPANIES, LLC 401(K) RETIREMENT PLAN

Name: VALLUZZO COMPANIES, LLC - VALLUZZO COMPANIES, LLC 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: VALLUZZO COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALLUZZO COMPANIES, LLC 401(K) RETIREMENT PLAN, VALLUZZO COMPANIES, LLC

VALLUZZO COMPANIES, LLCEIN 38-3821140Plan #001PY 2023

8710 JEFFERSON HIGHWAY - BATON ROUGE, LA 70809225-300-8960valluzzocompanies.comLinkedIn1001-5000 employeesrestaurants

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$19.9M

+14.3% from 2022

Total participants

1,083

+29.2% from 2022

Average account balance

$25,506

+5.1% from 2022

Annual return

13.92%

+30.59 pp from 2022

Benchmarks

See 909 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort909 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.27M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

728

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.

52.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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
PRINCIPAL LIFE INSURANCE COMPANY8 years Filed as: PRINCIPAL LIFE INSURANCE COMPAY Service code 13 · EIN 42-0127290	Contract Administrator	$146,489
HANCOCK WHITNEY BANK7 years Filed as: WHITNEY BANK Service code 21 · EIN 64-0169065	Bank Trustee	$39,848
HEARD MCELROY & VESTAL, LLC8 years Filed as: HEARD MCELORY & VESTAL, LLC Service code 10 · EIN 72-0398470	Accounting	$15,505
POSTLETHWAITE & NETTERVILLE9+ years Service code 10 · EIN 72-1202445	Accounting	$12,000
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED9+ years Filed as: WILSHIRE ASSOCIATES INC. Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E3D3H2G2J2K

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$146K

$148 / participant

Contract admin$146K100.0%

% of EOY assets

0.735%

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: EISNERAMPER
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,506

$26,137-2.4%

$58,561-56.4%

$74,460-65.7%

Participation rate

69.4%

32.2%+37.3pp

50.9%+18.6pp

70.7%-1.3pp

Annual return

13.92%

32.53%-18.6pp

4251.33%-4237.4pp

34.38%-20.5pp

Employer contribution / active EE

$863

$537+60.8%

$1,053-18.1%

$2,638-67.3%

Participant deferral / active EE

$1,094

$1,076+1.7%

$1,923-43.1%

$4,530-75.9%

Admin fee / account holder

$188

$648-71.1%

$2,520-92.6%

$348-46.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8 years

Filed as: PRINCIPAL LIFE INSURANCE COMPAY

Service code 13 · EIN 42-0127290

Contract Administrator

$146,489

HANCOCK WHITNEY BANK7 years

Filed as: WHITNEY BANK

Service code 21 · EIN 64-0169065

Bank Trustee

$39,848

HEARD MCELROY & VESTAL, LLC8 years

Filed as: HEARD MCELORY & VESTAL, LLC

Service code 10 · EIN 72-0398470

Accounting

$15,505

POSTLETHWAITE & NETTERVILLE9+ years

Service code 10 · EIN 72-1202445

Accounting

$12,000

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED9+ years

Filed as: WILSHIRE ASSOCIATES INC.

Service code 27 · EIN 95-2755361

Advisory (Plan)

VALLUZZO COMPANIES, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALLUZZO COMPANIES, LLC 401(K) RETIREMENT 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