Retirement plan

FRESH SOURCE PRODUCE, LLC 401(K) PROFIT SHARING PLAN

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

FRESH SOURCE PRODUCE, LLCEIN 35-2514795Plan #001PY 2022

640 N. TUSTIN AVE., SUITE 100 - SANTA ANA, CA 92705714-633-5300freshsourceproduce.comLinkedIn1-10 employeesretail

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$147K

+1314.8% from 2021

Total participants

+4.3% from 2021

Average account balance

$14,749

+890.4% from 2021

Annual return

1065.86%

+1065.86 pp from 2021

Benchmarks

See 9,364 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,364 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$311K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

14.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$676

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$437

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$44 / participant

Other / not subdivided$2K100.0%

% of EOY assets

1.402%

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

$14,749

$54,357-72.9%

$82,706-82.2%

$68,495-78.5%

Participation rate

19.1%

63.9%-44.8pp

72.6%-53.4pp

67.9%-48.7pp

Annual return

1065.86%

-13.67%+1079.5pp

701.76%+364.1pp

-7.84%+1073.7pp

Employer contribution / active EE

$2,218-100.0%

$3,007-100.0%

$2,596-100.0%

Participant deferral / active EE

$568

$3,246-82.5%

$4,394-87.1%

$4,028-85.9%

Admin fee / account holder

$207

$4,396-95.3%

$5,329-96.1%

$5,403-96.2%

FRESH SOURCE PRODUCE, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRESH SOURCE PRODUCE, 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