Retirement plan

CALIFIA FARMS, LLC 401(K) PLAN

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

CALIFIA FARMS, LLCEIN 47-4273426Plan #001PY 2024

1019 E. 4TH PLACE, SUITE 100 - LOS ANGELES, CA 90013213-694-4747califiafarms.comLinkedIn201-500 employeesfood & beverages

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.9M

+23.2% from 2023

Total participants

401

-0.7% from 2023

Average account balance

$66,984

+22.3% from 2023

Annual return

17.82%

-4.10 pp from 2023

Benchmarks

See 270 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort270 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.86M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

386

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$329

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 4 by compensation

Provider	Service type	Compensation
WORLD INVESTMENT ADVISORS LLC1 year Filed as: WORLD INVESTMENT ADVISORS, LLC Service code 55 · EIN 61-1758632 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Other Commissions	$71,697
PROACCOUNT1 year Service code 26 · EIN 73-0988422 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$45,290
MMA SECURITIES LLC8 years Filed as: ASSURED PARTNERS NORTHEAST, LLC Service code 26 · EIN 45-3443572 455 HAMILTON AVE · WHITE PLAINS, NY 10601	Advisory (Participants)	$8,749
NATIONWIDE8 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$1,655

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$127K

$413 / participant

Recordkeeping$127K100.0%

% of EOY assets

0.490%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,984

$73,149-8.4%

$120,580-44.4%

$77,762-13.9%

Participation rate

95.1%

55.2%+39.9pp

72.0%+23.2pp

70.6%+24.5pp

Annual return

17.82%

18.24%-0.4pp

107.48%-89.7pp

31.27%-13.5pp

Employer contribution / active EE

$5,877

$1,793+227.7%

$3,469+69.4%

$2,728+115.4%

Participant deferral / active EE

$8,140

$3,006+170.8%

$4,995+63.0%

$4,651+75.0%

Admin fee / account holder

$329

$660-50.2%

$9,418-96.5%

$433-24.1%

Provider

Service type

Compensation

WORLD INVESTMENT ADVISORS LLC1 year

Filed as: WORLD INVESTMENT ADVISORS, LLC

Service code 55 · EIN 61-1758632

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Other Commissions

$71,697

PROACCOUNT1 year

Service code 26 · EIN 73-0988422

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$45,290

MMA SECURITIES LLC8 years

Filed as: ASSURED PARTNERS NORTHEAST, LLC

Service code 26 · EIN 45-3443572

455 HAMILTON AVE · WHITE PLAINS, NY 10601

Advisory (Participants)

$8,749

NATIONWIDE8 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$1,655

CALIFIA FARMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFIA FARMS, 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