Retirement plan

PLAN DE PARTICIPACION DE GANANCIAS PARA LOS EMPLEADOS DE SUIZA DAIRY Y SUS AFILIADAS

Name: SUIZA DAIRY CORP. - PLAN DE PARTICIPACION DE GANANCIAS PARA LOS EMPLEADOS DE SUIZA DAIRY Y SUS AFILIADAS (2015) Form 5500
Creator: SUIZA DAIRY CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLAN DE PARTICIPACION DE GANANCIAS PARA LOS EMPLEADOS DE SUIZA DAIRY Y SUS AFILIADAS, SUIZA DAIRY CORP.

SUIZA DAIRY CORP.EIN 66-0617827Plan #001PY 2015

PO BOX 363207 - SAN JUAN, PR 009363207787-792-7300suizapr.comLinkedIn501-1000 employeesfood & beverages

Prospect flagsLow participationLow assets / participantLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.5M

No prior year

Total participants

982

No prior year

Average account balance

$17,630

No prior year

Annual return

-1.35%

No prior year

Benchmarks

See 601 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.99M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

617

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.

30.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 5 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC1+ years Service code 27 12636 HIGH BLUFF DR STE 100 · SAN DIEGO, CA 92130	Advisory (Plan)	$62,455
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,146
INDEPENDENT FINANCIAL GROUP LLC1+ years Filed as: INDEPENDENT FINANCIAL GROUP INC Service code 99 7425 MISSION VALLEY RD STE 203 · SAN DIEGO, CA 92108	Other Fees	$19,739
A & A EMPLOYEE BENEFITS CONSULTING1+ years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$10,000
ABARCA & ASSOCIATES PSC1+ years Service code 13 PO BOX 13928 · SAN JUAN, PR 009083928	Contract Administrator	$3,020

Plan features & details

Pension benefit codes2E2F2G3C2J

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$59K

$76 / participant

Other / not subdivided$59K100.0%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

0 / 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: KEVANE GRANT THOTON LLP
Auditor EIN: 660563256
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,630

$48,277-63.5%

$63,244-72.1%

$55,191-68.1%

Participation rate

65.1%

69.4%-4.3pp

71.0%-6.0pp

69.2%-4.1pp

Annual return

-1.35%

2.37%-3.7pp

-70.31%+69.0pp

10.78%-12.1pp

Employer contribution / active EE

$373

$1,592-76.6%

$2,322-83.9%

$1,899-80.4%

Participant deferral / active EE

$824

$2,432-66.1%

$2,953-72.1%

$3,046-73.0%

Admin fee / account holder

$84

$86-2.6%

$5,893-98.6%

$91-7.7%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC1+ years

Service code 27

12636 HIGH BLUFF DR STE 100 · SAN DIEGO, CA 92130

Advisory (Plan)

$62,455

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,146

INDEPENDENT FINANCIAL GROUP LLC1+ years

Filed as: INDEPENDENT FINANCIAL GROUP INC

Service code 99

7425 MISSION VALLEY RD STE 203 · SAN DIEGO, CA 92108

Other Fees

$19,739

A & A EMPLOYEE BENEFITS CONSULTING1+ years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$10,000

ABARCA & ASSOCIATES PSC1+ years

Service code 13

PO BOX 13928 · SAN JUAN, PR 009083928

Contract Administrator

$3,020

PLAN DE PARTICIPACION DE GANANCIAS PARA LOS EMPLEADOS DE SUIZA DAIRY Y SUS AFILIADAS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLAN DE PARTICIPACION DE GANANCIAS PARA LOS EMPLEADOS DE SUIZA DAIRY Y SUS AFILIADAS

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