Retirement plan

CALIFIA FARMS, LLC 401(K) PLAN

Name: CALIFIA FARMS, LLC - CALIFIA FARMS, LLC 401(K) PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.4M

+1.5% from 2021

Total participants

449

+16.0% from 2021

Average account balance

$36,332

-13.6% from 2021

Annual return

-13.20%

-40.16 pp from 2021

Benchmarks

See 282 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort282 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$71,733
PENSIONMARK FINANCIAL GROUP LLC3 years Service code 55 · EIN 61-1758632 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Other Commissions	$42,019
MMA SECURITIES LLC6 years Filed as: ASSURED PARTNERS NORTHEAST, LLC Service code 13 · EIN 13-3866919 123 MAIN STREET · WHITE PLAINS, NY 10601	Contract Administrator	$8,595

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$36,332

$52,122-30.3%

$104,301-65.2%

$64,819-43.9%

Participation rate

92.3%

56.0%+36.3pp

73.3%+19.0pp

71.5%+20.8pp

Annual return

-13.20%

13.26%-26.5pp

24.61%-37.8pp

32.84%-46.0pp

Employer contribution / active EE

$4,987

$1,627+206.5%

$3,373+47.9%

$2,507+98.9%

Participant deferral / active EE

$6,705

$2,823+137.5%

$4,626+45.0%

$4,311+55.5%

Admin fee / account holder

$155-100.0%

$7,340-100.0%

$188-100.0%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$71,733

PENSIONMARK FINANCIAL GROUP LLC3 years

Service code 55 · EIN 61-1758632

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

Other Commissions

$42,019

MMA SECURITIES LLC6 years

Filed as: ASSURED PARTNERS NORTHEAST, LLC

Service code 13 · EIN 13-3866919

123 MAIN STREET · WHITE PLAINS, NY 10601

Contract Administrator

$8,595

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