Retirement plan

ASSOCIATED FOOD STORES, INC. 401(K) PLAN AND TRUST

Name: AFS HOLDINGS, INC - ASSOCIATED FOOD STORES, INC. 401(K) PLAN AND TRUST (2023) Form 5500
Creator: AFS HOLDINGS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATED FOOD STORES, INC. 401(K) PLAN AND TRUST, AFS HOLDINGS, INC

AFS HOLDINGS, INCEIN 81-6012613Plan #002PY 2023

1850 WEST 2100 SOUTH - SALT LAKE CITY, UT 84119801-978-8363

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$165.6M

+12.1% from 2022

Total participants

3,457

+4.0% from 2022

Average account balance

$76,017

+9.8% from 2022

Annual return

18.24%

+35.42 pp from 2022

Benchmarks

See 310 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort310 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$208.31M

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.

3,132

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.07M

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

+31.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Account ma...	$215,663
SOLTIS INVESTMENT ADVISORS9+ years Service code 26 · EIN 27-3188744	Advisory (Participants)	$171,857
MID ATLANTIC CAPITAL CORPORATION1 year Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES1 year Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2U

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$456K

$157 / participant

Contract admin$456K100.0%

% of EOY assets

0.276%

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: CARVER, FLOREK & JAMES, CPAS
Auditor EIN: 522408237
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,017

$84,993-10.6%

$130,045-41.5%

$80,157-5.2%

Participation rate

55.9%

79.5%-23.6pp

78.5%-22.6pp

72.9%-17.0pp

Annual return

18.24%

23.76%-5.5pp

-137.30%+155.5pp

40.39%-22.1pp

Employer contribution / active EE

$1,268

$3,051-58.5%

$4,321-70.7%

$2,977-57.4%

Participant deferral / active EE

$2,373

$4,984-52.4%

$5,820-59.2%

$5,015-52.7%

Admin fee / account holder

$209

$391-46.4%

$10,600-98.0%

$145+44.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Account ma...

$215,663

SOLTIS INVESTMENT ADVISORS9+ years

Service code 26 · EIN 27-3188744

Advisory (Participants)

$171,857

MID ATLANTIC CAPITAL CORPORATION1 year

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES1 year

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

ASSOCIATED FOOD STORES, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATED FOOD STORES, INC. 401(K) PLAN AND TRUST

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