Retirement plan

LATITUDE 36 FOODS LLC 401(K) PLAN

Name: LATITUDE 36 FOODS LLC - LATITUDE 36 FOODS LLC 401(K) PLAN (2024) Form 5500
Creator: LATITUDE 36 FOODS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LATITUDE 36 FOODS LLC 401(K) PLAN, LATITUDE 36 FOODS LLC

LATITUDE 36 FOODS LLCEIN 35-2594469Plan #001PY 2024

340 EL CAMINO REAL SOUTH #50 - SALINAS, CA 93901951-817-2343latitude36foods.comLinkedIn501-1000 employeesfood production

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$10.7M

+28.6% from 2023

Total participants

985

+9.8% from 2023

Average account balance

$42,697

+26.5% from 2023

Annual return

12.84%

-6.78 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.67M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

250

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.

23.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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 3 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP1 year Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$49,866
IFAM CAPITAL1 year Service code 27 · EIN 47-6000132	Advisory (Plan)	$36,028
JFS WEALTH ADVISORS1 year Filed as: JFS WEALTH ADVISORS, LLC Service code 27 · EIN 20-8161914	Advisory (Plan)	$6,935

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$57K

$59 / participant

Investment mgmt$43K74.9%
Contract admin$14K25.1%

% of EOY assets

0.537%

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: HASKELL & WHITE, LLP
Auditor EIN: 330310569
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,697

$66,501-35.8%

$81,482-47.6%

$77,692-45.0%

Participation rate

23.8%

68.7%-45.0pp

69.5%-45.7pp

70.6%-46.8pp

Annual return

12.84%

15.93%-3.1pp

24.79%-12.0pp

31.25%-18.4pp

Employer contribution / active EE

$706

$2,158-67.3%

$2,463-71.3%

$2,726-74.1%

Participant deferral / active EE

$1,280

$3,678-65.2%

$3,885-67.1%

$4,648-72.5%

Admin fee / account holder

$229

$583-60.7%

$5,761-96.0%

$431-46.7%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP1 year

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$49,866

IFAM CAPITAL1 year

Service code 27 · EIN 47-6000132

Advisory (Plan)

$36,028

JFS WEALTH ADVISORS1 year

Filed as: JFS WEALTH ADVISORS, LLC

Service code 27 · EIN 20-8161914

Advisory (Plan)

$6,935

LATITUDE 36 FOODS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LATITUDE 36 FOODS LLC 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