Retirement plan

DEL MAR FOOD PRODUCTS CORP. 401(K) PROFIT SHARING PLAN

Name: DEL MAR FOOD PRODUCTS CORP. - DEL MAR FOOD PRODUCTS CORP. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: DEL MAR FOOD PRODUCTS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEL MAR FOOD PRODUCTS CORP. 401(K) PROFIT SHARING PLAN, DEL MAR FOOD PRODUCTS CORP.

DEL MAR FOOD PRODUCTS CORP.EIN 94-1460963Plan #002PY 2024

P.O. BOX 891 - WATSONVILLE, CA 95077831-722-3516delmarfoods.comLinkedIn11-50 employeesfood production

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$13.2M

+11.7% from 2023

Total participants

-8.0% from 2023

Average account balance

$601,062

+26.9% from 2023

Annual return

11.79%

-3.90 pp from 2023

Benchmarks

See 4,452 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,452 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.22M

Not enough data

1 years with asset history on file

Average account balance

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

$601K

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.

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.

104.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$873K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$42K

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

+11.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40541

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$892K

$42472 / participant

Other / not subdivided$892K100.0%

% of EOY assets

6.745%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$601,062

$100,147+500.2%

$81,286+639.4%

$145,877+312.0%

Participation rate

95.2%

74.2%+21.0pp

69.5%+25.7pp

80.3%+14.9pp

Annual return

11.79%

34.44%-22.6pp

24.80%-13.0pp

551.28%-539.5pp

Employer contribution / active EE

$32,929

$2,977+1006.1%

$2,463+1237.1%

$4,663+606.2%

Participant deferral / active EE

$8,654

$4,607+87.8%

$3,883+122.9%

$6,691+29.4%

Admin fee / account holder

$40,541

$8,201+394.3%

$5,764+603.4%

$13,402+202.5%

DEL MAR FOOD PRODUCTS CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEL MAR FOOD PRODUCTS CORP. 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