Retirement plan

CHARLES RIVER LABORATORIES, INC. SAVINGS/PLUS PLAN

Name: CHARLES RIVER LABORATORIES, INC. - CHARLES RIVER LABORATORIES, INC. SAVINGS/PLUS PLAN (2023) Form 5500
Creator: CHARLES RIVER LABORATORIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES RIVER LABORATORIES, INC. SAVINGS/PLUS PLAN, CHARLES RIVER LABORATORIES, INC.

CHARLES RIVER LABORATORIES, INC.EIN 76-0509980Plan #004PY 2023

251 BALLARDVALE STREET - WILMINGTON, MA 01887781-222-6000criver.comLinkedIn10001+ employeesbiotechnology

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$943.5M

-8.9% from 2016

Total participants

14,410

-8.9% from 2016

Average account balance

$67,343

+0.3% from 2016

Annual return

18.45%

-4.49 pp from 2016

Benchmarks

See 103 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort103 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.07B

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

13,435

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108.39M

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$755,759
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$266,560
UBS FINANCIAL SERVICES INC8 years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$83,500
PRICEWATERHOUSECOOPERS LLP9+ years Filed as: PRICEWATERHOUSE COOPERS LLP Service code 10 · EIN 13-4008324	Accounting	$49,000

Plan features & details

Pension benefit codes2S2T3F2J2F2G2K3D

Plan features

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$107 / participant

Recordkeeping$754K65.3%
Investment mgmt$350K30.3%
Contract admin$2K0.2%
Other / not subdivided$49K4.2%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS, LLP
Auditor EIN: 134008324
Audit fees: $49,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,343

$106,994-37.1%

$135,998-50.5%

$96,393-30.1%

Participation rate

96.3%

72.5%+23.8pp

81.9%+14.4pp

71.3%+25.0pp

Annual return

18.45%

26.64%-8.2pp

68.37%-49.9pp

22.88%-4.4pp

Employer contribution / active EE

$2,915

$3,391-14.0%

$4,860-40.0%

$3,239-10.0%

Participant deferral / active EE

$6,755

$7,968-15.2%

$7,761-13.0%

$5,455+23.8%

Admin fee / account holder

$82

$79+4.3%

$10,769-99.2%

$74+11.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$755,759

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$266,560

UBS FINANCIAL SERVICES INC8 years

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$83,500

PRICEWATERHOUSECOOPERS LLP9+ years

Filed as: PRICEWATERHOUSE COOPERS LLP

Service code 10 · EIN 13-4008324

Accounting

$49,000

CHARLES RIVER LABORATORIES, INC. SAVINGS/PLUS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES RIVER LABORATORIES, INC. SAVINGS/PLUS 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