Retirement plan

WIC GROUP 401(K) PLAN

Name: RIVERENCE FARMS LLC - WIC GROUP 401(K) PLAN (2024) Form 5500
Creator: RIVERENCE FARMS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIC GROUP 401(K) PLAN, RIVERENCE FARMS LLC

RIVERENCE FARMS LLCEIN 81-3719118Plan #001PY 2024

PO BOX 628 - BUHL, ID 83316970-724-0384

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$25.9M

+11.6% from 2023

Total participants

608

+9.4% from 2023

Average account balance

$46,246

+0.0% from 2023

Annual return

12.79%

-4.17 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

$25.90M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

560

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY8+ years Service code 15 · EIN 01-0233346	Recordkeeping	$6,024

Plan features & details

Pension benefit codes2F2G2J2T3H

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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$78K

$198 / participant

Recordkeeping$65K83.6%
Contract admin$13K16.4%

% of EOY assets

0.302%

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: EIDE BAILLY LLP
Auditor EIN: 450250598
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,246

$73,149-36.8%

$120,574-61.6%

$77,736-40.5%

Participation rate

87.8%

55.2%+32.7pp

71.9%+15.9pp

70.6%+17.2pp

Annual return

12.79%

18.24%-5.5pp

107.42%-94.6pp

31.26%-18.5pp

Employer contribution / active EE

$2,560

$1,793+42.7%

$3,471-26.2%

$2,728-6.2%

Participant deferral / active EE

$4,709

$3,006+56.7%

$4,996-5.8%

$4,651+1.2%

Admin fee / account holder

$140

$660-78.8%

$9,445-98.5%

$433-67.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$6,024

WIC GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIC GROUP 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