Retirement plan

GHIRARDELLI CHOCOLATE COMPANY 401(K) RETIREMENT AND SAVINGS PLAN

Name: GHIRARDELLI CHOCOLATE COMPANY - GHIRARDELLI CHOCOLATE COMPANY 401(K) RETIREMENT AND SAVINGS PLAN (2018) Form 5500
Creator: GHIRARDELLI CHOCOLATE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GHIRARDELLI CHOCOLATE COMPANY 401(K) RETIREMENT AND SAVINGS PLAN, GHIRARDELLI CHOCOLATE COMPANY

GHIRARDELLI CHOCOLATE COMPANYEIN 95-3451829Plan #001PY 2018

1111 139TH AVENUE - SAN LEANDRO, CA 94578510-297-2645ghirardelli.comLinkedIn1001-5000 employeesconsumer goods

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$49.4M

-4.9% from 2017

Total participants

1,174

+41.6% from 2017

Average account balance

$60,090

-8.7% from 2017

Annual return

-5.57%

-24.50 pp from 2017

Benchmarks

See 705 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort705 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$138.37M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

1,136

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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 7 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$99,236
MMA SECURITIES LLC4+ years Filed as: MMC SECURITIES CORPORATION Service code 28 · EIN 06-1685865	Investment Management	$26,430
SILICON VALLEY ACCOUNTANCY CORP1 year Service code 10 · EIN 77-0573994	Accounting	$5,940
STEEL PEAK WEALTH MGMT LLC1 year Service code 26 · EIN 46-1173026	Advisory (Participants)	$5,492
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$661
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$4
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB & CO. INC AND AFFILI Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$140K

$163 / participant

Investment mgmt$35K24.9%
Other / not subdivided$105K75.1%

% of EOY assets

0.284%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SILICON VALLEY ACCOUNTANCY CORP
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,090

$48,261+24.5%

$68,793-12.7%

$55,725+7.8%

Participation rate

59.1%

71.0%-11.9pp

72.2%-13.1pp

70.9%-11.7pp

Annual return

-5.57%

-2.61%-3.0pp

-4.63%-0.9pp

244.93%-250.5pp

Employer contribution / active EE

$2,476

$1,742+42.1%

$2,625-5.7%

$2,078+19.1%

Participant deferral / active EE

$3,922

$2,712+44.6%

$3,311+18.5%

$3,356+16.9%

Admin fee / account holder

$170

$126+35.1%

$5,131-96.7%

$115+48.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$99,236

MMA SECURITIES LLC4+ years

Filed as: MMC SECURITIES CORPORATION

Service code 28 · EIN 06-1685865

Investment Management

$26,430

SILICON VALLEY ACCOUNTANCY CORP1 year

Service code 10 · EIN 77-0573994

Accounting

$5,940

STEEL PEAK WEALTH MGMT LLC1 year

Service code 26 · EIN 46-1173026

Advisory (Participants)

$5,492

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$661

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB & CO. INC AND AFFILI

Service code 59

Shareholder Servicing

GHIRARDELLI CHOCOLATE COMPANY 401(K) RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GHIRARDELLI CHOCOLATE COMPANY 401(K) RETIREMENT AND SAVINGS 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