Retirement plan

PEPSI-COLA BOTTLING CO.-HICKORY P/S & 401(K)

Name: PEPSI-COLA BOTTLING CO. OF HICKORY, NC INC. - PEPSI-COLA BOTTLING CO.-HICKORY P/S & 401(K) (2021) Form 5500
Creator: PEPSI-COLA BOTTLING CO. OF HICKORY, NC INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEPSI-COLA BOTTLING CO.-HICKORY P/S & 401(K), PEPSI-COLA BOTTLING CO. OF HICKORY, NC INC.

PEPSI-COLA BOTTLING CO. OF HICKORY, NC INC.EIN 56-0585594Plan #001PY 2021

P.O. BOX 550, 2401 14TH AVENUE CIRCLE NW - HICKORY, NC 28601828-322-8090LinkedIn201-500 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$75.4M

+13.3% from 2020

Total participants

363

-1.1% from 2020

Average account balance

$209,414

+15.5% from 2020

Annual return

14.01%

-0.46 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.35M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

373

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$366

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$78,198
WELLS FARGO BANK, N.A.7+ years Service code 15 · EIN 94-1347393	Recordkeeping	$53,848
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381	Advisory (Participants)	$2,346
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2H2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
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

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

$134K

$485 / participant

Contract admin$78K58.2%
Other / not subdivided$56K41.8%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RONALD W. CRUMP
Auditor EIN: 561280887
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,414

$86,225+142.9%

$146,643+42.8%

$86,821+141.2%

Participation rate

98.9%

78.0%+20.9pp

80.1%+18.8pp

72.3%+26.6pp

Annual return

14.01%

31.23%-17.2pp

22.75%-8.7pp

97.94%-83.9pp

Employer contribution / active EE

$4,946

$2,392+106.8%

$4,137+19.6%

$2,406+105.6%

Participant deferral / active EE

$4,819

$4,245+13.5%

$5,506-12.5%

$4,132+16.6%

Admin fee / account holder

$373

$195+91.1%

$10,280-96.4%

$170+120.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$78,198

WELLS FARGO BANK, N.A.7+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$53,848

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26 · EIN 36-4317381

Advisory (Participants)

$2,346

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

PEPSI-COLA BOTTLING CO.-HICKORY P/S & 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEPSI-COLA BOTTLING CO.-HICKORY P/S & 401(K)

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