Retirement plan

THE WELLNESS PET COMPANY EMPLOYEE 401(K) PLAN

Name: WELLNESS PET LLC - THE WELLNESS PET COMPANY EMPLOYEE 401(K) PLAN (2024) Form 5500
Creator: WELLNESS PET LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WELLNESS PET COMPANY EMPLOYEE 401(K) PLAN, WELLNESS PET LLC

WELLNESS PET LLCEIN 80-0298170Plan #001PY 2024

77 SOUTH BEDFORD STREET, SUITE 500 - BURLINGTON, MA 01803978-289-5544wellnesspet.comLinkedIn201-500 employeesfood production

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$34.5M

+5.5% from 2023

Total participants

536

-9.8% from 2023

Average account balance

$67,307

+6.7% from 2023

Annual return

16.23%

-6.28 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.53M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

513

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$22,658
MFA ASSET MANAGEMENT7 years Filed as: MFA ASST MANAGEMENT LLC Service code 27 · EIN 04-3540481	Advisory (Plan)	$14,999
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY WEALTH MANAGEMENT LLC Service code 27 · EIN 46-2648231	Advisory (Plan)	$14,994

Plan features & details

Pension benefit codes2E2F2G2J2K3D3F

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$53K

$151 / participant

Recordkeeping$23K43.0%
Investment mgmt$30K57.0%

% of EOY assets

0.152%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KAHN, LITWIN, RENZA & CO, LTD
Auditor EIN: 050409384
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,307

$66,459+1.3%

$81,286-17.2%

$77,714-13.4%

Participation rate

93.4%

68.7%+24.7pp

69.5%+23.9pp

70.6%+22.8pp

Annual return

16.23%

15.95%+0.3pp

24.80%-8.6pp

31.26%-15.0pp

Employer contribution / active EE

$2,792

$2,156+29.5%

$2,463+13.4%

$2,727+2.4%

Participant deferral / active EE

$8,727

$3,674+137.5%

$3,883+124.8%

$4,649+87.7%

Admin fee / account holder

$103

$585-82.5%

$5,764-98.2%

$433-76.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$22,658

MFA ASSET MANAGEMENT7 years

Filed as: MFA ASST MANAGEMENT LLC

Service code 27 · EIN 04-3540481

Advisory (Plan)

$14,999

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY WEALTH MANAGEMENT LLC

Service code 27 · EIN 46-2648231

Advisory (Plan)

$14,994

THE WELLNESS PET COMPANY EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WELLNESS PET COMPANY EMPLOYEE 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