Retirement plan

PRO FARM GROUP, INC. 401(K) PLAN

Name: PRO FARM GROUP, INC. - PRO FARM GROUP, INC. 401(K) PLAN (2024) Form 5500
Creator: PRO FARM GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRO FARM GROUP, INC. 401(K) PLAN, PRO FARM GROUP, INC.

PRO FARM GROUP, INC.EIN 20-5137161Plan #001PY 2024

1530 DREW AVE - DAVIS, CA 95618530-750-2800

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15.2M

+21.5% from 2023

Total participants

246

+6.5% from 2023

Average account balance

$83,289

+9.5% from 2023

Annual return

15.44%

-1.84 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.16M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

182

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.

62.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 2 by compensation

Provider	Service type	Compensation
NEWFRONT RETIREMENT SERVICES INC3 years Service code 27 · EIN 80-0833114	Advisory (Plan)	$29,425
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$24,272

Plan features & details

Pension benefit codes2E2F2G2J2T3D2R3H

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$54K

$314 / participant

Recordkeeping$24K45.2%
Investment mgmt$29K54.8%

% of EOY assets

0.354%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,289

$101,672-18.1%

$147,117-43.4%

$74,478+11.8%

Participation rate

62.6%

75.5%-13.0pp

82.2%-19.6pp

67.2%-4.6pp

Annual return

15.44%

8757.83%-8742.4pp

420.54%-405.1pp

1370.56%-1355.1pp

Employer contribution / active EE

$2,648

$3,813-30.6%

$4,932-46.3%

$2,626+0.8%

Participant deferral / active EE

$6,786

$7,305-7.1%

$8,065-15.9%

$4,350+56.0%

Admin fee / account holder

$295

$1,753-83.2%

$12,993-97.7%

$1,946-84.8%

Provider

Service type

Compensation

NEWFRONT RETIREMENT SERVICES INC3 years

Service code 27 · EIN 80-0833114

Advisory (Plan)

$29,425

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$24,272

PRO FARM GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRO FARM GROUP, INC. 401(K) 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