Retirement plan

ENZA ZADEN NORTH AMERICA, INC. RETIREMENT SAVINGS PLAN

Name: ENZA ZADEN NORTH AMERICA, INC. - ENZA ZADEN NORTH AMERICA, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: ENZA ZADEN NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENZA ZADEN NORTH AMERICA, INC. RETIREMENT SAVINGS PLAN, ENZA ZADEN NORTH AMERICA, INC.

ENZA ZADEN NORTH AMERICA, INC.EIN 77-0540911Plan #001PY 2023

7 HARRIS PLACE - SALINAS, CA 93901831-796-4222LinkedIn51-200 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.4M

+24.7% from 2022

Total participants

136

-5.6% from 2022

Average account balance

$122,555

+33.1% from 2022

Annual return

17.53%

+33.04 pp from 2022

Benchmarks

See 2,339 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,339 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.22M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

137

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INS & ANNUITY Service code 13 · EIN 71-0294708	Contract Administrator	$37,714
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ FINANCIAL SOLUTIONS, INC. Service code 99 · EIN 52-1396995	Other Fees	$19,064
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ BENEFITS & INSURANCE SVCES Service code 99 · EIN 31-1582098	Other Fees	$9,799
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MGMT Service code 26 · EIN 36-4317381	Advisory (Participants)	$498

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$67K

$714 / participant

Recordkeeping$36K53.0%
Investment mgmt$20K29.9%
Contract admin$11K17.1%

% of EOY assets

0.408%

all-in expense ratio

Categories reported

3 / 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: SINGERLEWAK LLP
Auditor EIN: 952302617
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,555

$61,605+98.9%

$112,229+9.2%

$75,163+63.1%

Participation rate

97.9%

61.7%+36.2pp

72.4%+25.4pp

67.2%+30.7pp

Annual return

17.53%

28.47%-10.9pp

30.20%-12.7pp

160.62%-143.1pp

Employer contribution / active EE

$6,364

$2,015+215.8%

$3,430+85.5%

$2,670+138.4%

Participant deferral / active EE

$9,984

$3,108+221.2%

$4,798+108.1%

$4,125+142.0%

Admin fee / account holder

$501

$4,862-89.7%

$7,748-93.5%

$5,651-91.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INS & ANNUITY

Service code 13 · EIN 71-0294708

Contract Administrator

$37,714

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ FINANCIAL SOLUTIONS, INC.

Service code 99 · EIN 52-1396995

Other Fees

$19,064

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ BENEFITS & INSURANCE SVCES

Service code 99 · EIN 31-1582098

Other Fees

$9,799

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MGMT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$498

ENZA ZADEN NORTH AMERICA, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENZA ZADEN NORTH AMERICA, INC. RETIREMENT SAVINGS 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