Retirement plan

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

Name: AFS HOLDINGS, INC. - ASSOCIATED FOOD STORES, INC. 401(K) PLAN AND TRUST (2024) 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, INC.EIN 81-6012613Plan #002PY 2024

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$208.3M

+25.8% from 2023

Total participants

3,513

+1.6% from 2023

Average account balance

$66,510

-12.5% from 2023

Annual return

31.46%

+13.21 pp from 2023

Benchmarks

See 333 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort333 peers

Snapshot2024

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 15 · EIN 13-3689044	Recordkeeping	$66,539
SOLTIS INVESTMENT ADVISORS10+ years Service code 27 · EIN 27-3188744	Advisory (Plan)	$57,397
CARVER FLOREK & JAMES CPA'S1 year Filed as: CARVER FLOREK & JAMES CPAS LLC Service code 10 · EIN 52-2408237	Accounting	$19,091
DWC - THE 401(K) EXPERTS1 year Service code 15 · EIN 26-2091417	Recordkeeping	$12,329
ERP SOUTHWEST LLC1 year Filed as: ERP SOUTHWEST LLC DBA ERP RETIREMEN Service code 15	Recordkeeping	$6,698
ERP SOUTHWEST LLC1 year Filed as: ERP SOUTHWEST DBA ERP RETIREMENT Service code 15 · EIN 92-1711496	Recordkeeping	$850

Plan features & details

Pension benefit codes2U2E2J2K2F2G3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$644K

$230 / participant

Investment mgmt$158K24.5%
Other / not subdivided$487K75.5%

% of EOY assets

0.309%

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: $31,680
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,510

$2,687,218-97.5%

$164,975-59.7%

$199,921-66.7%

Participation rate

86.4%

78.3%+8.2pp

78.6%+7.8pp

72.0%+14.4pp

Annual return

31.46%

17.94%+13.5pp

70.12%-38.7pp

34.28%-2.8pp

Employer contribution / active EE

$1,711

$2,958-42.2%

$4,343-60.6%

$3,035-43.6%

Participant deferral / active EE

$3,302

$5,002-34.0%

$6,033-45.3%

$5,089-35.1%

Admin fee / account holder

$206

$1,988-89.7%

$12,688-98.4%

$269-23.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 15 · EIN 13-3689044

Recordkeeping

$66,539

SOLTIS INVESTMENT ADVISORS10+ years

Service code 27 · EIN 27-3188744

Advisory (Plan)

$57,397

CARVER FLOREK & JAMES CPA'S1 year

Filed as: CARVER FLOREK & JAMES CPAS LLC

Service code 10 · EIN 52-2408237

Accounting

$19,091

DWC - THE 401(K) EXPERTS1 year

Service code 15 · EIN 26-2091417

Recordkeeping

$12,329

ERP SOUTHWEST LLC1 year

Filed as: ERP SOUTHWEST LLC DBA ERP RETIREMEN

Service code 15

Recordkeeping

$6,698

ERP SOUTHWEST LLC1 year

Filed as: ERP SOUTHWEST DBA ERP RETIREMENT

Service code 15 · EIN 92-1711496

Recordkeeping

$850

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