Retirement plan

MONSON FRUIT CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MONSON FRUIT CO., INC. - MONSON FRUIT CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: MONSON FRUIT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONSON FRUIT CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST, MONSON FRUIT CO., INC.

MONSON FRUIT CO., INC.EIN 91-1496092Plan #001PY 2024

252 NORTH RUSHMORE ROAD - SELAH, WA 98942509-697-9175tdm-ellensburg.comLinkedIn501-1000 employeesfood production

Prospect flagsLow returnsHigh feesLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.9M

+12.6% from 2023

Total participants

684

-14.3% from 2023

Average account balance

$47,981

+5.5% from 2023

Annual return

9.50%

-7.36 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

$6.86M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

143

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.

14.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$802K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 2 by compensation

Provider	Service type	Compensation
OPPENHEIMER6 years Service code 12 · EIN 13-5657518	Recordkeeping and information managem...	$30,772
HUNNEX AND SHOEMAKER, INC.6 years Filed as: HUNNEX & SHOEMAKER Service code 27 · EIN 91-1072394	Advisory (Plan)	$3,850

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$52K

$82 / participant

Investment mgmt$52K100.0%

% of EOY assets

0.758%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,981

$73,149-34.4%

$120,580-60.2%

$77,762-38.3%

Participation rate

14.9%

55.2%-40.2pp

72.0%-57.0pp

70.6%-55.7pp

Annual return

9.50%

18.24%-8.7pp

107.48%-98.0pp

31.27%-21.8pp

Employer contribution / active EE

$417

$1,793-76.7%

$3,469-88.0%

$2,728-84.7%

Participant deferral / active EE

$843

$3,006-72.0%

$4,995-83.1%

$4,651-81.9%

Admin fee / account holder

$364

$660-44.9%

$9,418-96.1%

$433-16.0%

Provider

Service type

Compensation

OPPENHEIMER6 years

Service code 12 · EIN 13-5657518

Recordkeeping and information managem...

$30,772

HUNNEX AND SHOEMAKER, INC.6 years

Filed as: HUNNEX & SHOEMAKER

Service code 27 · EIN 91-1072394

Advisory (Plan)

$3,850

MONSON FRUIT CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONSON FRUIT CO., INC. 401(K) PROFIT SHARING PLAN AND TRUST

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