Retirement plan

SAPUTO USA 401(K) PLAN

Name: SAPUTO CHEESE USA, INC. - SAPUTO USA 401(K) PLAN (2022) Form 5500
Creator: SAPUTO CHEESE USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAPUTO USA 401(K) PLAN, SAPUTO CHEESE USA, INC.

SAPUTO CHEESE USA, INC.EIN 39-1629977Plan #001PY 2022

10700 W RESEARCH DRIVE, SUITE 400 - MILWAUKEE, WI 532263458847-267-1100stratamanageit.comLinkedIn51-200 employees

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed January 17, 2023

Plan administrator

Plan administrator name— Sign in and upgrade to view

10700 Research Drive, Suite 400

Milwaukee, WI 53226

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Saputo USA Nonqualified Plan43 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$492.9M

-8.3% from 2016

Total participants

8,890

-5.8% from 2016

Average account balance

$61,711

-5.0% from 2016

Annual return

-17.47%

-6.62 pp from 2016

Benchmarks

See 43 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort43 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$649.86M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

8,440

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC5 years Service code 15 100 EAST PRATT ST · BALTIMORE, MD 21202	Recordkeeping	$356,524
CAPFINANCIAL PARTNERS LLC2 years Service code 27 PO BOX 60071 · RALEIGH, NC 27675	Advisory (Plan)	$70,000
JOHNSON LAMBERT LLP1 year Service code 10 PO BOX 60096 · CHARLOTTE, NC 28260	Accounting	$27,550

Plan features & details

Pension benefit codes2E2F2G2J2K2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$453K

$62 / participant

Investment mgmt$70K15.5%
Other / not subdivided$383K84.5%

% of EOY assets

0.092%

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: JOHNSON LAMBERT LLP
Auditor EIN: 521446779
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,711

$89,497-31.0%

$69,888-11.7%

$78,104-21.0%

Participation rate

87.5%

79.9%+7.6pp

70.5%+17.0pp

74.5%+13.0pp

Annual return

-17.47%

-12.39%-5.1pp

190.87%-208.3pp

10.90%-28.4pp

Employer contribution / active EE

$2,668

$3,152-15.4%

$2,560+4.2%

$3,128-14.7%

Participant deferral / active EE

$4,430

$4,564-2.9%

$3,849+15.1%

$5,089-13.0%

Admin fee / account holder

$57

$78-27.1%

$6,267-99.1%

$79-28.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC5 years

Service code 15

100 EAST PRATT ST · BALTIMORE, MD 21202

Recordkeeping

$356,524

CAPFINANCIAL PARTNERS LLC2 years

Service code 27

PO BOX 60071 · RALEIGH, NC 27675

Advisory (Plan)

$70,000

JOHNSON LAMBERT LLP1 year

Service code 10

PO BOX 60096 · CHARLOTTE, NC 28260

Accounting

$27,550

SAPUTO USA 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAPUTO USA 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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