Retirement plan

VERITABLE VEGETABLE 401(K) PLAN

Name: VERITABLE VEGETABLE, INC. - VERITABLE VEGETABLE 401(K) PLAN (2024) Form 5500
Creator: VERITABLE VEGETABLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERITABLE VEGETABLE 401(K) PLAN, VERITABLE VEGETABLE, INC.

VERITABLE VEGETABLE, INC.EIN 94-2347936Plan #001PY 2024

1100 CESAR CHAVEZ - SAN FRANCISCO, CA 94124415-641-3500veritablevegetable.comLinkedIn51-200 employeeswholesale

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.6M

+4.7% from 2023

Total participants

152

-9.5% from 2023

Average account balance

$90,010

+14.4% from 2023

Annual return

9.11%

-2.90 pp from 2023

Benchmarks

See 8,995 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,995 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.59M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

151

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$562K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$346

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 2 by compensation

Provider	Service type	Compensation
RPG CONSULTANTS10+ years Service code 15 · EIN 13-4077182 1245 HEWLETT PLAZA · HEWLETT, NY 11557	Recordkeeping	$38,017
LT TRUST COMPANY8 years Filed as: MG TRUST COMPANY Service code 18 · EIN 75-3182674 717 17TH STREET · DENVER, CO 80202	Custodial (other than securities); Cu...	$13,384

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$621 / participant

Salaries / allowances$52K100.0%

% of EOY assets

0.384%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,010

$101,798-11.6%

$165,071-45.5%

$80,935+11.2%

Participation rate

98.8%

71.8%+27.0pp

78.6%+20.2pp

67.7%+31.1pp

Annual return

9.11%

16.73%-7.6pp

70.17%-61.1pp

35.66%-26.5pp

Employer contribution / active EE

$2,350

$2,954-20.5%

$4,347-46.0%

$2,757-14.8%

Participant deferral / active EE

$4,339

$4,476-3.1%

$6,035-28.1%

$4,299+0.9%

Admin fee / account holder

$346

$8,221-95.8%

$12,695-97.3%

$6,924-95.0%

Provider

Service type

Compensation

RPG CONSULTANTS10+ years

Service code 15 · EIN 13-4077182

1245 HEWLETT PLAZA · HEWLETT, NY 11557

Recordkeeping

$38,017

LT TRUST COMPANY8 years

Filed as: MG TRUST COMPANY

Service code 18 · EIN 75-3182674

717 17TH STREET · DENVER, CO 80202

Custodial (other than securities); Cu...

$13,384

VERITABLE VEGETABLE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERITABLE VEGETABLE 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