Retirement plan

FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT

Name: FRESH EXPRESS INCORPORATED - FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT (2020) 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, FRESH EXPRESS INCORPORATED

FRESH EXPRESS INCORPORATEDEIN 94-2591533Plan #001PY 2020

4757 THE GROVE DRIVE - WINDEMERE, 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)

$3M

+65.8% from 2019

Total participants

632

+20.6% from 2019

Average account balance

$13,760

+68.1% from 2019

Annual return

19.40%

-8.55 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$5,000
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,188
AB FUNDS4+ years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS4+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK4+ years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
COLUMBIA4+ years Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
FEDERATED2 years Service code 52 · EIN 25-1111467	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
IVY FUNDS4+ years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
LEGG MASON4+ years Service code 52 · EIN 13-4146187	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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

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

Admin total

$8K

$13 / participant

Investment mgmt$8K96.1%
Contract admin$3203.9%

% of EOY assets

0.270%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,760

$78,419-82.5%

$133,971-89.7%

$73,412-81.3%

Participation rate

34.8%

78.6%-43.8pp

79.8%-45.0pp

72.2%-37.4pp

Annual return

19.40%

33.35%-14.0pp

45.09%-25.7pp

59.30%-39.9pp

Employer contribution / active EE

$447

$2,044-78.1%

$3,919-88.6%

$2,234-80.0%

Participant deferral / active EE

$1,024

$3,925-73.9%

$5,047-79.7%

$3,806-73.1%

Admin fee / account holder

$37

$161-76.9%

$8,929-99.6%

$158-76.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$5,000

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,188

AB FUNDS4+ years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS4+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK4+ years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

COLUMBIA4+ years

Service code 52 · EIN 36-3376651

Indirect Investment Fees

FEDERATED2 years

Service code 52 · EIN 25-1111467

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

IVY FUNDS4+ years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

LEGG MASON4+ years

Service code 52 · EIN 13-4146187

Indirect Investment Fees

FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRESH EXPRESS PLANT WORKERS SAVINGS AND INVESTMENT

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