Retirement plan

FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT PLAN

Name: FRESH EXPRESS INCORPORATED - FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT PLAN (2017) Form 5500
Creator: FRESH EXPRESS INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT PLAN, FRESH EXPRESS INCORPORATED

FRESH EXPRESS INCORPORATEDEIN 94-2591533Plan #001PY 2017

4757 THE GROVE ROAD, SUITE 260 - WINDERMERE, FL 34786954-924-5801freshexpress.comLinkedIn5001-10000 employeesfood production

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3K

No prior year

Total participants

519

No prior year

Average account balance

$158

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.44M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

212

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.

30.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$710K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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 10 of 11 by compensation

Provider	Service type	Compensation
AB FUNDS1+ years Service code 52 · EIN 13-4064930	Indirect Investment Fees	$0
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1+ years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
COLUMBIA1+ years Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-2993078	Indirect Investment Fees	$0
IVY FUNDS1+ years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
LEGG MASON1+ years Service code 52 · EIN 52-1200960	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
PNC BANK, N.A.1+ years Filed as: PNC FUNDS Service code 52 · EIN 23-7801381	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: PUTNAM Service code 52 · EIN 04-3251560	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D3H2T

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158

$71,666-99.8%

$117,861-99.9%

$69,631-99.8%

Participation rate

3.9%

77.5%-73.7pp

79.7%-75.8pp

70.7%-66.8pp

Annual return

0.00%

18.86%-18.9pp

335.11%-335.1pp

27571.02%-27571.0pp

Employer contribution / active EE

$1,889-99.9%

$3,786-100.0%

$2,032-99.9%

Participant deferral / active EE

$3,340-99.9%

$4,482-99.9%

$3,224-99.9%

Admin fee / account holder

$120-100.0%

$8,021-100.0%

$110-100.0%

Provider

Service type

Compensation

AB FUNDS1+ years

Service code 52 · EIN 13-4064930

Indirect Investment Fees

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1+ years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

COLUMBIA1+ years

Service code 52 · EIN 36-3376651

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-2993078

Indirect Investment Fees

IVY FUNDS1+ years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

LEGG MASON1+ years

Service code 52 · EIN 52-1200960

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

PNC BANK, N.A.1+ years

Filed as: PNC FUNDS

Service code 52 · EIN 23-7801381

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: PUTNAM

Service code 52 · EIN 04-3251560

Indirect Investment Fees

FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT 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