Retirement plan

HRL RETIREMENT SAVINGS PLAN FOR NON-BARGAINED EMPLOYEES

Name: HRL LABORATORIES, LLC - HRL RETIREMENT SAVINGS PLAN FOR NON-BARGAINED EMPLOYEES (2021) Form 5500
Creator: HRL LABORATORIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HRL RETIREMENT SAVINGS PLAN FOR NON-BARGAINED EMPLOYEES, HRL LABORATORIES, LLC

HRL LABORATORIES, LLCEIN 95-4663143Plan #003PY 2021

3011 MALIBU CANYON ROAD - MALIBU, CA 90265310-317-5000hrl.comLinkedIn1001-5000 employeesresearch

Other plans on this EIN

3 filings

#001Retirement-$61.0M assets #004Retirement-$3.7M assets #002Retirement-$1.8M assets

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$264.2M

+20.4% from 2020

Total participants

908

+13.1% from 2020

Average account balance

$292,281

+6.5% from 2020

Annual return

15.74%

+1.80 pp from 2020

Benchmarks

See 2,992 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,992 peers

Snapshot2021

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$334.73M

Not enough data

1 years with asset history on file

Average account balance

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

$256K

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.

1,309

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+15.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$158

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$56,714
BUCK GLOBAL, LLC3 years Filed as: BUCK GLOBAL LLC Service code 27 · EIN 13-3954297	Advisory (Plan)	$17,968
HRL LABORATORY LLC2 years Service code 99 · EIN 95-4663143	Other Fees	$13,500
THE VANGUARD GROUP, INC.7+ years Service code 15 · EIN 23-1945930	Recordkeeping	$2,205

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$90K

$129 / participant

Other / not subdivided$90K100.0%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MILLER KAPLAN ARASE, LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$292,281

$104,317+180.2%

$159,436+83.3%

$86,799+236.7%

Participation rate

99.4%

77.7%+21.7pp

82.8%+16.6pp

72.3%+27.1pp

Annual return

15.74%

26.32%-10.6pp

263.57%-247.8pp

97.91%-82.2pp

Employer contribution / active EE

$11,363

$3,451+229.3%

$4,829+135.3%

$2,405+372.4%

Participant deferral / active EE

$12,431

$6,837+81.8%

$7,352+69.1%

$4,131+200.9%

Admin fee / account holder

$99

$172-42.5%

$10,799-99.1%

$170-41.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$56,714

BUCK GLOBAL, LLC3 years

Filed as: BUCK GLOBAL LLC

Service code 27 · EIN 13-3954297

Advisory (Plan)

$17,968

HRL LABORATORY LLC2 years

Service code 99 · EIN 95-4663143

Other Fees

$13,500

THE VANGUARD GROUP, INC.7+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$2,205

HRL RETIREMENT SAVINGS PLAN FOR NON-BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HRL RETIREMENT SAVINGS PLAN FOR NON-BARGAINED EMPLOYEES

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