Retirement plan

VALLEY WIDE BEVERAGE COMPANY 401(K) PROFIT SHARING PLAN

Name: FRESNO BEVERAGE COMPANY, INC. - VALLEY WIDE BEVERAGE COMPANY 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FRESNO BEVERAGE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALLEY WIDE BEVERAGE COMPANY 401(K) PROFIT SHARING PLAN, FRESNO BEVERAGE COMPANY, INC.

FRESNO BEVERAGE COMPANY, INC.dba VALLEY WIDE BEVERAGE COMPANYEIN 77-0057122Plan #001PY 2024

3525 S. EAST AVENUE - FRESNO, CA 93725559-650-1500LinkedIn201-500 employeescomputer software

Prospect flagsLow returnsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$9.8M

+12.3% from 2023

Total participants

382

+8.5% from 2023

Average account balance

$66,037

-2.0% from 2023

Annual return

11.08%

-7.14 pp from 2023

Benchmarks

See 1,404 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,404 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.84M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

149

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.

32.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$796K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$498

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 6 by compensation

Provider	Service type	Compensation
ROUSH INVESTMENTS LLC5 years Filed as: ROUSH INVESTMENTS, LLC Service code 26 · EIN 27-2442764 2014 TULARE AVENUE · FRESNO, CA 93721	Advisory (Participants)	$34,689
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$21,310
PENTEGRA SERVICES, INC.1 year Filed as: APS - PENTEGRA Service code 14 5350 77 CENTER DRI · CHARLOTTE, NC 28217	Plan Administrator	$9,437
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 26 · EIN 99-9552241	Advisory (Participants)	$4,683
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA Service code 14	Plan Administrator	$3,656
NATIONWIDE8 years Service code 26 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$1,507

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$74K

$215 / participant

Contract admin$74K100.0%

% of EOY assets

0.754%

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: PLANCHEC(K) CPA'S LLC
Auditor EIN: 842614035
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,037

$89,435-26.2%

$164,975-60.0%

$77,714-15.0%

Participation rate

32.5%

78.6%-46.2pp

70.6%-38.1pp

Annual return

11.08%

28.82%-17.7pp

70.12%-59.0pp

31.26%-20.2pp

Employer contribution / active EE

$1,038

$2,563-59.5%

$4,343-76.1%

$2,727-61.9%

Participant deferral / active EE

$1,270

$4,901-74.1%

$6,033-78.9%

$4,649-72.7%

Admin fee / account holder

$498

$340+46.7%

$12,688-96.1%

$433+15.0%

Provider

Service type

Compensation

ROUSH INVESTMENTS LLC5 years

Filed as: ROUSH INVESTMENTS, LLC

Service code 26 · EIN 27-2442764

2014 TULARE AVENUE · FRESNO, CA 93721

Advisory (Participants)

$34,689

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$21,310

PENTEGRA SERVICES, INC.1 year

Filed as: APS - PENTEGRA

Service code 14

5350 77 CENTER DRI · CHARLOTTE, NC 28217

Plan Administrator

$9,437

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 26 · EIN 99-9552241

Advisory (Participants)

$4,683

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA

Service code 14

Plan Administrator

$3,656

NATIONWIDE8 years

Service code 26 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$1,507

VALLEY WIDE BEVERAGE COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALLEY WIDE BEVERAGE COMPANY 401(K) PROFIT SHARING 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