Retirement plan

YERGAT PACKING COMPANY, INC. 401(K) PLAN

Name: YERGAT PACKING COMPANY, INC. - YERGAT PACKING COMPANY, INC. 401(K) PLAN (2023) Form 5500
Creator: YERGAT PACKING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YERGAT PACKING COMPANY, INC. 401(K) PLAN, YERGAT PACKING COMPANY, INC.

YERGAT PACKING COMPANY, INC.EIN 77-0056468Plan #001PY 2023

2797 S. ORANGE AVENUE - FRESNO, CA 93725559-276-9180yergatpacking.comLinkedIn1-10 employeesfood production

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$180K

+276.0% from 2022

Total participants

+33.3% from 2022

Average account balance

$13,817

+276.0% from 2022

Annual return

37.49%

+37.49 pp from 2022

Benchmarks

See 2,613 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,613 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$283K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$96K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1794

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$49 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.980%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,817

$58,099-76.2%

$76,902-82.0%

$75,177-81.6%

Participation rate

36.1%

63.9%-27.8pp

69.6%-33.5pp

67.2%-31.1pp

Annual return

37.49%

26.71%+10.8pp

37.91%-0.4pp

160.75%-123.3pp

Employer contribution / active EE

$1,398

$1,996-29.9%

$2,534-44.8%

$2,671-47.7%

Participant deferral / active EE

$1,804

$2,999-39.8%

$3,833-52.9%

$4,126-56.3%

Admin fee / account holder

$135

$4,778-97.2%

$5,479-97.5%

$5,651-97.6%

YERGAT PACKING COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YERGAT PACKING COMPANY, INC. 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