Retirement plan

VERO FOODS, LLC/COURAGE PRODUCTIONS,LLC 401(K) PLAN

Name: VERO FOODS, LLC - VERO FOODS, LLC/COURAGE PRODUCTIONS,LLC 401(K) PLAN (2019) Form 5500
Creator: VERO FOODS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERO FOODS, LLC/COURAGE PRODUCTIONS,LLC 401(K) PLAN, VERO FOODS, LLC

VERO FOODS, LLCEIN 81-2970764Plan #003PY 2019

2475 COURAGE DRIVE - FAIRFIELD, CA 94533707-422-6300LinkedIn201-500 employeesfood production

Prospect flagsHigh retiree %Low fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.6M

+38.4% from 2018

Total participants

255

-10.2% from 2018

Average account balance

$18,247

+54.2% from 2018

Annual return

23.22%

+6.11 pp from 2018

Benchmarks

See 966 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort966 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.92M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

239

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$673K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS3 years Service code 12 · EIN 95-6817943 P.O. BOX 6040 · INDIANAPOLIS, IN 462066040	Claims processing; Recordkeeping fees...	$1,375

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

3 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1K

$9 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

0 / 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: JOHNSTON, GREMAUX & ROSSI, LLP
Auditor EIN: 942234450
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,247

$50,666-64.0%

$76,667-76.2%

$65,186-72.0%

Participation rate

99.3%

68.8%+30.5pp

72.1%+27.2pp

70.2%+29.1pp

Annual return

23.22%

28.51%-5.3pp

1166.74%-1143.5pp

29.39%-6.2pp

Employer contribution / active EE

$1,857

$1,575+17.9%

$2,303-19.3%

$2,177-14.7%

Participant deferral / active EE

$2,357

$2,647-11.0%

$3,336-29.4%

$3,514-32.9%

Admin fee / account holder

$463-98.8%

$6,423-99.9%

$847-99.4%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Service code 12 · EIN 95-6817943

P.O. BOX 6040 · INDIANAPOLIS, IN 462066040

Claims processing; Recordkeeping fees...

$1,375

VERO FOODS, LLC/COURAGE PRODUCTIONS,LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERO FOODS, LLC/COURAGE PRODUCTIONS,LLC 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