Retirement plan

CONAGRA BRANDS RETIREMENT INCOME SAVINGS PLAN

Name: CONAGRA BRANDS, INC. - CONAGRA BRANDS RETIREMENT INCOME SAVINGS PLAN (2022) Form 5500
Creator: CONAGRA BRANDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONAGRA BRANDS RETIREMENT INCOME SAVINGS PLAN, CONAGRA BRANDS, INC.

CONAGRA BRANDS, INC.EIN 47-0248710Plan #014PY 2022

222 MERCHANDISE MART PLAZA, SUITE 1300 - CHICAGO, IL 60654312-549-5000conagrabrands.comLinkedIn10001+ employeesfood & beverages

Other plans on this EIN

6 filings

#009Retirement-$1.98B assets #010Retirement-$573.3M assets #019Retirement-$180.3M assets #004Retirement-$174.9M assets #006Retirement-$126.0M assets #008Retirement-$89.3M assets

Prospect flagsLow returnsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed October 16, 1997 (most recent of 2 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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Total assets (EOY)

$1468.9M

+19.5% from 2016

Total participants

29,934

+26.2% from 2016

Average account balance

$101,222

-4.3% from 2016

Annual return

-17.41%

+8.66 pp from 2016

Benchmarks

See 1,143 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,143 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.74B

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

13,298

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.

33.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$742,153
MERCER3 years Service code 28 · EIN 61-0736136	Investment Management	$150,000
LUTZ & COMPANY, PC4 years Service code 10 · EIN 47-0625816	Accounting	$37,000
ACTUARIAL BENEFITS CORP1 year Filed as: ACTUARIAL CONSULTING SERVICES, INC. Service code 11 5830 SOUTH 142ND STREET · OMAHA, NE 68137	Actuarial	$5,738

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3J

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.
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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

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

$937K

$40 / participant

Investment mgmt$150K16.0%
Contract admin$742K79.2%
Other / not subdivided$45K4.8%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LUTZ & COMPANY, P.C.
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,222

$89,433+13.2%

$69,888+44.8%

$89,433+13.2%

Participation rate

33.6%

71.3%-37.7pp

70.5%-36.9pp

71.3%-37.7pp

Annual return

-17.41%

-11.88%-5.5pp

190.87%-208.3pp

-11.88%-5.5pp

Employer contribution / active EE

$2,176

$3,021-28.0%

$2,560-15.0%

$3,021-28.0%

Participant deferral / active EE

$2,046

$5,125-60.1%

$3,849-46.9%

$5,125-60.1%

Admin fee / account holder

$65

$79-18.7%

$6,267-99.0%

$79-18.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$742,153

MERCER3 years

Service code 28 · EIN 61-0736136

Investment Management

$150,000

LUTZ & COMPANY, PC4 years

Service code 10 · EIN 47-0625816

Accounting

$37,000

ACTUARIAL BENEFITS CORP1 year

Filed as: ACTUARIAL CONSULTING SERVICES, INC.

Service code 11

5830 SOUTH 142ND STREET · OMAHA, NE 68137

Actuarial

$5,738

CONAGRA BRANDS RETIREMENT INCOME SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONAGRA BRANDS RETIREMENT INCOME SAVINGS 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