Retirement plan

VALLEY WIDE BEVERAGE 401(K) PROFIT SHARING PLAN

Name: FRESNO BEVERAGE COMPANY, INC DBA VALLEY WIDE BEVERAGE COMPANY - VALLEY WIDE BEVERAGE 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: FRESNO BEVERAGE COMPANY, INC DBA VALLEY WIDE BEVERAGE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALLEY WIDE BEVERAGE 401(K) PROFIT SHARING PLAN, FRESNO BEVERAGE COMPANY, INC DBA VALLEY WIDE BEVERAGE COMPANY

FRESNO BEVERAGE COMPANY, INC DBA VALLEY WIDE BEVERAGE COMPANYEIN 77-0057122Plan #001PY 2017

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

Prospect flagsHigh feesLow participationLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$5.1M

+23.6% from 2016

Total participants

240

+3.4% from 2016

Average account balance

$48,158

-35.3% from 2016

Annual return

16.74%

+8.17 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.48M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

162

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.

32.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$831K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$512

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ROUSH INVESTMENTS LLC1 year Filed as: ROUSH INVESTMENTS Service code 10 · EIN 27-2442764	Accounting	$21,176
TAG RESOURCES, LLC1 year Service code 15 · EIN 62-1874769	Recordkeeping	$14,338
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK Service code 15 · EIN 94-1347393	Recordkeeping	$10,180
NATIONWIDE1 year Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$9,332
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON-CO-FID-INDEX COMPREHENSIVE Service code 10 · EIN 26-2409128	Accounting	$2,603

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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$58K

$266 / participant

Contract admin$58K100.0%

% of EOY assets

1.153%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,158

$71,192-32.4%

$117,854-59.1%

$62,292-22.7%

Participation rate

38.4%

74.2%-35.9pp

79.7%-41.3pp

69.5%-31.2pp

Annual return

16.74%

18.66%-1.9pp

335.08%-318.3pp

28.90%-12.2pp

Employer contribution / active EE

$970

$1,934-49.9%

$3,786-74.4%

$2,042-52.5%

Participant deferral / active EE

$1,210

$3,189-62.1%

$4,482-73.0%

$3,169-61.8%

Admin fee / account holder

$555

$587-5.5%

$8,020-93.1%

$479+15.8%

Provider

Service type

Compensation

ROUSH INVESTMENTS LLC1 year

Filed as: ROUSH INVESTMENTS

Service code 10 · EIN 27-2442764

Accounting

$21,176

TAG RESOURCES, LLC1 year

Service code 15 · EIN 62-1874769

Recordkeeping

$14,338

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO BANK

Service code 15 · EIN 94-1347393

Recordkeeping

$10,180

NATIONWIDE1 year

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$9,332

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON-CO-FID-INDEX COMPREHENSIVE

Service code 10 · EIN 26-2409128

Accounting

$2,603

VALLEY WIDE BEVERAGE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALLEY WIDE BEVERAGE 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