Retirement plan

MJ INTERNATIONAL MARKETING, LLC 401(K) PROFIT SHARING PLAN

Name: MJ INTERNATIONAL MARKETING, LLC DBA FRESH FARMS - MJ INTERNATIONAL MARKETING, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MJ INTERNATIONAL MARKETING, LLC DBA FRESH FARMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MJ INTERNATIONAL MARKETING, LLC 401(K) PROFIT SHARING PLAN, MJ INTERNATIONAL MARKETING, LLC DBA FRESH FARMS

MJ INTERNATIONAL MARKETING, LLC DBA FRESH FARMSEIN 20-5582956Plan #001PY 2022

P O BOX 190 - KINGSBURG, CA 93631559-897-6652

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

-26.3% from 2021

Total participants

+30.4% from 2021

Average account balance

$40,914

-70.5% from 2021

Annual return

-18.37%

-25.57 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.24M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$450K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$616K

$12322 / participant

Other / not subdivided$616K100.0%

% of EOY assets

33.463%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,914

$81,870-50.0%

$119,622-65.8%

$68,486-40.3%

Participation rate

70.0%

71.9%-1.9pp

79.3%-9.3pp

67.9%+2.1pp

Annual return

-18.37%

-23.82%+5.4pp

-14.98%-3.4pp

-7.85%-10.5pp

Employer contribution / active EE

$2,503

$2,692-7.0%

$4,232-40.9%

$2,597-3.6%

Participant deferral / active EE

$4,657

$4,148+12.3%

$5,601-16.8%

$4,028+15.6%

Admin fee / account holder

$13,691

$6,583+108.0%

$10,328+32.6%

$5,404+153.4%

MJ INTERNATIONAL MARKETING, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MJ INTERNATIONAL MARKETING, LLC 401(K) PROFIT SHARING 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