Retirement plan

PLANT SCIENCES, INC. 401(K) PROFIT SHARING PLAN

Name: PLANT SCIENCES, INC. - PLANT SCIENCES, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: PLANT SCIENCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLANT SCIENCES, INC. 401(K) PROFIT SHARING PLAN, PLANT SCIENCES, INC.

PLANT SCIENCES, INC.EIN 77-0057997Plan #001PY 2023

342 GREEN VALLEY ROAD - WATSONVILLE, CA 95076831-728-7771plantsciences.comLinkedIn11-50 employeesfarming

Prospect flagsLow returnsHigh cashLow participant contribution

How to read this page

Total assets (EOY)

$8.8M

+11.4% from 2022

Total participants

290

+1.8% from 2022

Average account balance

$30,448

+8.7% from 2022

Annual return

12.85%

+28.81 pp from 2022

Benchmarks

See 536 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort536 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.88M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

180

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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 3 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.5 years Filed as: PENTEGRA RETIREMENT SERVICES Service code 13 5350 77 CENTER DR. · CHARLOTTE, NC 28217	Contract Administrator	$24,861
COMMONWEALTH FINANCIAL NETWORK5 years Service code 27 · EIN 04-3046611	Advisory (Plan)	$24,376
ASCENSUS LLC5 years Service code 37 · EIN 11-3665754	Loan Processing	$23,030

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$69K

$359 / participant

Investment mgmt$69K100.0%

% of EOY assets

0.782%

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: HUTCHINSON AND BLOODGOOD LLP
Auditor EIN: 950858589
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,448

$57,752-47.3%

$112,273-72.9%

$71,511-57.4%

Participation rate

100.0%

58.8%+41.2pp

72.4%+27.6pp

67.9%+32.1pp

Annual return

12.85%

18.25%-5.4pp

30.23%-17.4pp

28.86%-16.0pp

Employer contribution / active EE

$1,370

$1,912-28.3%

$3,431-60.1%

$2,589-47.1%

Participant deferral / active EE

$862

$2,860-69.8%

$4,800-82.0%

$4,291-79.9%

Admin fee / account holder

$238

$1,586-85.0%

$7,752-96.9%

$1,588-85.0%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.5 years

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 13

5350 77 CENTER DR. · CHARLOTTE, NC 28217

Contract Administrator

$24,861

COMMONWEALTH FINANCIAL NETWORK5 years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$24,376

ASCENSUS LLC5 years

Service code 37 · EIN 11-3665754

Loan Processing

$23,030

PLANT SCIENCES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLANT SCIENCES, INC. 401(K) PROFIT SHARING 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