Overview

Plan Rating

BrightScope Rating
83
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (36)
Average in Peer Group (70)
Highest in Peer Group (88)

Plan Description

H.J. Heinz Company Employees Retirement and Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 83, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. H.J. Heinz Company Employees Retirement and Savings Plan currently has over 3,200 active participants and over $465.8M in plan assets.

Did you know?

For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (83) and the top rated plan (88) could equate to:
4
Additional years of work
62,706
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Po Box 57
  • Location
    Pittsburgh , PA
  • 15230
  • Industry
    Manufacturing
  • Administrator
    Steve Crucitt
  • Net Plan Assets
    $466,000,000
  • Total Participants
    3,300
  • Avg Account Balance
    $140,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

Participation Rate:
Great
Salary Deferrals:
Great
Account Balance:
Great

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Great
Salary Deferrals:
Above Average
Account Balance:
Great
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Investments

Investment Menu Stats

# of Investment Options

16

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Wellington 29%
5%
Vanguard Institutional Index 11%
6%
Vanguard Windsor II 8%
47%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Administration
Xerox HR Solutions, LLC
Recordkeeper
Xerox HR Solutions, LLC
Corporate Trustee
BNY Mellon
Consultant
Ernst & Young
Consultant
Buck Consultants, Inc.
Legal Counsel
Ivins, Philips and Barker
Auditor
Schneider Downs & Co., Inc.

Articles and Questions

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