Retirement plan

CALIFORNIA GIANT, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: CALIFORNIA GIANT, INC. - CALIFORNIA GIANT, INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: CALIFORNIA GIANT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALIFORNIA GIANT, INC. 401(K) PROFIT SHARING PLAN & TRUST, CALIFORNIA GIANT, INC.

CALIFORNIA GIANT, INC.EIN 77-0019191Plan #001PY 2024

P.O. BOX 1359 - WATSONVILLE, CA 95077831-728-1773californiagranite.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh feesLow participation

Top hat statement on fileNQDC

Filed May 19, 2022

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

75 Sakata Ln

Watsonville, CA 95076

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (1)

The California Giant Inc. Deferred Compensation Plan25 emp

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Total assets (EOY)

$26.6M

+10.9% from 2023

Total participants

426

-6.0% from 2023

Average account balance

$110,805

+11.8% from 2023

Annual return

11.78%

-4.17 pp from 2023

Benchmarks

See 271 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort271 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$26.59M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

240

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.

45.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$323

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 99 · EIN 47-1411118	Other Fees	$34,110
QUINTES ADM. AND INSURANCE4 years Filed as: QUINTES ADMINISTRATIVE & INSURANCE Service code 49 · EIN 20-4319325 1961 MAIN STREET #151 · WATSONVILLE, CA 95076	Other Services	$14,215

Plan features & details

Pension benefit codes2A2E3H2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$78K

$228 / participant

Investment mgmt$3K3.5%
Contract admin$73K94.5%
Other / not subdivided$2K2.0%

% of EOY assets

0.292%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HUTCHINSON & BLOODGOOD
Auditor EIN: 950858589
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,805

$72,994+51.8%

$120,354-7.9%

$77,643+42.7%

Participation rate

45.3%

55.2%-10.0pp

71.9%-26.6pp

70.6%-25.3pp

Annual return

11.78%

18.23%-6.4pp

107.15%-95.4pp

31.24%-19.5pp

Employer contribution / active EE

$3,079

$1,793+71.7%

$3,463-11.1%

$2,726+13.0%

Participant deferral / active EE

$3,172

$3,011+5.4%

$4,991-36.4%

$4,647-31.7%

Admin fee / account holder

$323

$658-50.9%

$9,423-96.6%

$430-24.9%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 99 · EIN 47-1411118

Other Fees

$34,110

QUINTES ADM. AND INSURANCE4 years

Filed as: QUINTES ADMINISTRATIVE & INSURANCE

Service code 49 · EIN 20-4319325

1961 MAIN STREET #151 · WATSONVILLE, CA 95076

Other Services

$14,215

CALIFORNIA GIANT, INC. 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA GIANT, INC. 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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