Retirement plan

WHOLE FOODS MARKET GROWING YOUR FUTURE 401(K) PLAN

Name: WHOLE FOODS MARKET, INC. - WHOLE FOODS MARKET GROWING YOUR FUTURE 401(K) PLAN (2017) Form 5500
Creator: WHOLE FOODS MARKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHOLE FOODS MARKET GROWING YOUR FUTURE 401(K) PLAN, WHOLE FOODS MARKET, INC.

WHOLE FOODS MARKET, INC.EIN 74-1989366Plan #002PY 2017

550 BOWIE STREET - AUSTIN, TX 787034644512-477-4455wholefoodsmarket.comLinkedIn10001+ employeesretail

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1096.8M

-8.8% from 2016

Total participants

102,978

-0.1% from 2016

Average account balance

$12,162

-9.7% from 2016

Annual return

20.37%

-11.26 pp from 2016

Benchmarks

See 92 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort92 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.44B

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

99,215

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$302.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$3,607,693
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$226,778
COOK STREET CONSULTING3+ years Filed as: COOK STREET CONSULTI Service code 27 · EIN 84-0854432	Advisory (Plan)	$131,154
ERISA SERVICES, INC.3+ years Filed as: ERISA CONSULTING GROUP, L.L.C. Service code 29 · EIN 26-4306913	Legal	$61,807
RSM US LLP2 years Service code 10 · EIN 42-0714325	Accounting	$31,000
WINSTEAD PC3+ years Service code 29 · EIN 75-2404691	Legal	$27,346
MATRIX TRUST COMPANY2 years Filed as: BROADRIDGE ICS Service code 59 · EIN 22-3844417	Shareholder Servicing	$8,398
RISK COMPLIANCE PERFORMANCE SOL.1 year Filed as: RISK COMPLIANCE PERFORMANCE SOLUTI Service code 38 · EIN 27-4064715	Participant Communication	$5,844

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4.1M

$47 / participant

Investment mgmt$227K5.6%
Other / not subdivided$4M94.4%

% of EOY assets

0.372%

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: HOLTZMAN PARTNERS L.L.P.
Auditor EIN: 743121060
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,162

$39,909-69.5%

$78,775-84.6%

$80,976-85.0%

Participation rate

85.2%

55.7%+29.5pp

69.2%+16.0pp

68.3%+16.9pp

Annual return

20.37%

23.47%-3.1pp

35.62%-15.2pp

22.91%-2.5pp

Employer contribution / active EE

$86

$778-89.0%

$1,986-95.7%

$2,402-96.4%

Participant deferral / active EE

$1,387

$1,359+2.1%

$2,958-53.1%

$3,848-64.0%

Admin fee / account holder

$45

$50-9.0%

$5,132-99.1%

$67-33.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$3,607,693

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$226,778

COOK STREET CONSULTING3+ years

Filed as: COOK STREET CONSULTI

Service code 27 · EIN 84-0854432

Advisory (Plan)

$131,154

ERISA SERVICES, INC.3+ years

Filed as: ERISA CONSULTING GROUP, L.L.C.

Service code 29 · EIN 26-4306913

Legal

$61,807

RSM US LLP2 years

Service code 10 · EIN 42-0714325

Accounting

$31,000

WINSTEAD PC3+ years

Service code 29 · EIN 75-2404691

Legal

$27,346

MATRIX TRUST COMPANY2 years

Filed as: BROADRIDGE ICS

Service code 59 · EIN 22-3844417

Shareholder Servicing

$8,398

RISK COMPLIANCE PERFORMANCE SOL.1 year

Filed as: RISK COMPLIANCE PERFORMANCE SOLUTI

Service code 38 · EIN 27-4064715

Participant Communication

$5,844

WHOLE FOODS MARKET GROWING YOUR FUTURE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHOLE FOODS MARKET GROWING YOUR FUTURE 401(K) 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