Retirement plan

BEE SWEET CITRUS, INC. 401(K) PROFIT SHARING PLAN

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

BEE SWEET CITRUS, INC.EIN 77-0193074Plan #001PY 2024

416 E. SOUTH AVENUE - FOWLER, CA 93625559-834-5345beesweetcitrus.comLinkedIn501-1000 employeesfood production

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.4M

+32.4% from 2023

Total participants

422

-3.0% from 2023

Average account balance

$39,281

+28.9% from 2023

Annual return

23.78%

+12.15 pp from 2023

Benchmarks

See 270 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort270 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.42M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

189

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.

36.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$744K

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

+23.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$433

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
NEXUS ADMINISTRATORS, INC.4 years Service code 15 · EIN 77-0586222 735 W. ALLUVIAL, SUITE 101 · FRESNO, CA 93711	Recordkeeping	$40,559
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 95-2834236 P.O. BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$33,120
NATIONWIDE5 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$8,119

Plan features & details

Pension benefit codes2F2G2K2T2J3D

Plan features

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.
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

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

$82K

$225 / participant

Investment mgmt$33K40.5%
Contract admin$49K59.5%

% of EOY assets

1.102%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EVERS ROBINSON LTD
Auditor EIN: 860715183
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,281

$73,149-46.3%

$120,580-67.4%

$77,762-49.5%

Participation rate

36.0%

55.2%-19.2pp

72.0%-36.0pp

70.6%-34.6pp

Annual return

23.78%

18.24%+5.5pp

107.48%-83.7pp

31.27%-7.5pp

Employer contribution / active EE

$798

$1,793-55.5%

$3,469-77.0%

$2,728-70.7%

Participant deferral / active EE

$1,245

$3,006-58.6%

$4,995-75.1%

$4,651-73.2%

Admin fee / account holder

$433

$660-34.4%

$9,418-95.4%

$4330%

Provider

Service type

Compensation

NEXUS ADMINISTRATORS, INC.4 years

Service code 15 · EIN 77-0586222

735 W. ALLUVIAL, SUITE 101 · FRESNO, CA 93711

Recordkeeping

$40,559

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 95-2834236

P.O. BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$33,120

NATIONWIDE5 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$8,119

BEE SWEET CITRUS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEE SWEET CITRUS, 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