Retirement plan

SOUTHERN FOODSERVICE MANAGEMENT, INC. LIUNA FORT NOVOSEL BARGAINING UNIT RETIREMENT PLAN

Name: SOUTHERN FOODSERVICE MANAGEMENT, INC. - SOUTHERN FOODSERVICE MANAGEMENT, INC. LIUNA FORT NOVOSEL BARGAINING UNIT RETIREMENT PLAN (2024) Form 5500
Creator: SOUTHERN FOODSERVICE MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN FOODSERVICE MANAGEMENT, INC. LIUNA FORT NOVOSEL BARGAINING UNIT RETIREMENT PLAN, SOUTHERN FOODSERVICE MANAGEMENT, INC.

SOUTHERN FOODSERVICE MANAGEMENT, INC.EIN 63-0315905Plan #003PY 2024

431 OFFICE PARK DRIVE, FIRST FLOOR - BIRMINGHAM, AL 35223205-871-8000southernfoodservice.comLinkedIn1001-5000 employeesfood & beverages

Other plans on this EIN

1 filing

#002Retirement-$5.3M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$844K

+17.6% from 2023

Total participants

-34.8% from 2023

Average account balance

$9,595

+80.4% from 2023

Annual return

4.81%

+1.81 pp from 2023

Benchmarks

See 6,868 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,868 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$944K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

115.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

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

+4.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1341

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 codes2E2F2G2J3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$7K

$103 / participant

Contract admin$7K100.0%

% of EOY assets

0.807%

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: HORTON, LEE, BURNETT, PEACOCK, CLEV
Auditor EIN: 631034180
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,595

$29,716-67.7%

$56,077-82.9%

$80,925-88.1%

Participation rate

100.0%

41.7%+58.3pp

52.5%+47.5pp

67.7%+32.3pp

Annual return

4.81%

35.30%-30.5pp

1709.28%-1704.5pp

35.65%-30.8pp

Employer contribution / active EE

$1,649

$671+145.7%

$1,040+58.5%

$2,756-40.2%

Participant deferral / active EE

$888

$1,228-27.7%

$1,954-54.6%

$4,299-79.4%

Admin fee / account holder

$77

$2,432-96.8%

$2,825-97.3%

$6,940-98.9%

SOUTHERN FOODSERVICE MANAGEMENT, INC. LIUNA FORT NOVOSEL BARGAINING UNIT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN FOODSERVICE MANAGEMENT, INC. LIUNA FORT NOVOSEL BARGAINING UNIT 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