Retirement plan

VALLEY FINE FOODS COMPANY, LLC 401K PLAN

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

VALLEY FINE FOODS COMPANY, LLCEIN 91-1848643Plan #001PY 2024

3909 PARK ROAD - BENICIA, CA 94510707-750-3543valleyfine.comLinkedIn201-500 employeesfood & beverages

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$13.2M

+17.7% from 2023

Total participants

415

-1.0% from 2023

Average account balance

$77,279

+19.0% from 2023

Annual return

14.93%

-1.89 pp from 2023

Benchmarks

See 743 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort743 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.21M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

171

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$652

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
MERRILL LYNCH PIERCE FENNER & SMITH7 years Filed as: MERRILL LYNCH - EPS Service code 26 · EIN 01-0233346 150 N. COLLEGE ST. · CHARLOTTE, NC 14201	Advisory (Participants)	$24,024
MERRILL LYNCH PIERCE FENNER & SMITH7 years Filed as: MERRILL LYNCH - FAS Service code 26 · EIN 13-5674085 150 N. COLLEGE ST. · CHARLOTTE, NC 28255	Advisory (Participants)	$24,024
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201	Recordkeeping	$3,044

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$112K

$305 / participant

Recordkeeping$2K2.0%
Investment mgmt$48K43.1%
Contract admin$61K55.0%

% of EOY assets

0.844%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,279

$66,486+16.2%

$81,370-5.0%

$77,762-0.6%

Participation rate

33.3%

68.7%-35.4pp

69.5%-36.2pp

70.6%-37.3pp

Annual return

14.93%

15.95%-1.0pp

24.85%-9.9pp

31.27%-16.3pp

Employer contribution / active EE

$1,196

$2,158-44.6%

$2,464-51.5%

$2,728-56.2%

Participant deferral / active EE

$2,479

$3,677-32.6%

$3,885-36.2%

$4,651-46.7%

Admin fee / account holder

$652

$586+11.3%

$5,749-88.7%

$433+50.6%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH7 years

Filed as: MERRILL LYNCH - EPS

Service code 26 · EIN 01-0233346

150 N. COLLEGE ST. · CHARLOTTE, NC 14201

Advisory (Participants)

$24,024

MERRILL LYNCH PIERCE FENNER & SMITH7 years

Filed as: MERRILL LYNCH - FAS

Service code 26 · EIN 13-5674085

150 N. COLLEGE ST. · CHARLOTTE, NC 28255

Advisory (Participants)

$24,024

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Filed as: JOHN HANCOCK LIFE INSURANCE

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 14201

Recordkeeping

$3,044

VALLEY FINE FOODS COMPANY, LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALLEY FINE FOODS COMPANY, LLC 401K 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