Retirement plan

CALIFIA FARMS, LLC 401(K) PLAN

Name: CALIFIA FARMS, LLC - CALIFIA FARMS, LLC 401(K) PLAN (2018) 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 2018

1321 PALMETTO STREET - LOS ANGELES, CA 90013213-694-4747califiafarms.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow returnsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$4.5M

+39.4% from 2017

Total participants

296

+10.0% from 2017

Average account balance

$16,081

+21.9% from 2017

Annual return

-10.02%

-1765.65 pp from 2017

Benchmarks

See 441 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort441 peers

Snapshot2018

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
CETERA ADVISOR NETWORKS LLC2 years Service code 55 · EIN 95-3845382 200 N SEPULVEDA BLVD STE 1200 · EL SEGUNDO, CA 90245	Other Commissions	$16,555
NATIONWIDE2 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$14,219
MMA SECURITIES LLC2 years Filed as: ASSURED PARTNERS NORTHEAST, LLC Service code 13 · EIN 13-3866919 123 MAIN STREET · WHITE PLAINS, NY 10601	Contract Administrator	$4,875
MMA SECURITIES LLC2 years Filed as: ASSURED PARTNERS NORTHEAST LLC Service code 13	Contract Administrator	$1,997

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,081

$65,557-75.5%

$105,738-84.8%

$56,287-71.4%

Participation rate

91.8%

63.4%+28.4pp

76.3%+15.5pp

69.9%+22.0pp

Annual return

-10.02%

-1.32%-8.7pp

6.27%-16.3pp

-9.96%-0.1pp

Employer contribution / active EE

$3,655

$1,788+104.4%

$3,268+11.8%

$2,111+73.1%

Participant deferral / active EE

$5,137

$2,418+112.4%

$4,080+25.9%

$3,350+53.3%

Admin fee / account holder

$561-100.0%

$6,913-100.0%

$521-100.0%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC2 years

Service code 55 · EIN 95-3845382

200 N SEPULVEDA BLVD STE 1200 · EL SEGUNDO, CA 90245

Other Commissions

$16,555

NATIONWIDE2 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$14,219

MMA SECURITIES LLC2 years

Filed as: ASSURED PARTNERS NORTHEAST, LLC

Service code 13 · EIN 13-3866919

123 MAIN STREET · WHITE PLAINS, NY 10601

Contract Administrator

$4,875

MMA SECURITIES LLC2 years

Filed as: ASSURED PARTNERS NORTHEAST LLC

Service code 13

Contract Administrator

$1,997

CALIFIA FARMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CALIFIA FARMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion