Retirement plan

RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

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

RUIZ FOOD PRODUCTS, INCEIN 94-1626717Plan #003PY 2024

501 S ALTA AVE - DINUBA, CA 936180037559-591-5510

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed December 30, 2015 (most recent of 4 filings on file)

Plan administrator

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501 S. Alta

Dinuba State: CA Zip Code: 93654

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Plans declared (1)

Ruiz Food Products Inc. Senior Executive Supplemental Retirement Plan1 emp

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Total assets (EOY)

$120.7M

+8.6% from 2023

Total participants

4,038

+3.1% from 2023

Average account balance

$30,941

-42.5% from 2023

Annual return

10.88%

-4.79 pp from 2023

Benchmarks

See 261 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort261 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$120.73M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

3,902

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$247,433
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 06-1050034 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$82,595
KCOE ISOM, LLP2 years Filed as: KCOE ISOM LLP Service code 10 PO BOX 875125 · KANSAS CITY, MO 64187	Accounting	$26,326
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,173

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$469K

$152 / participant

Recordkeeping$247K52.7%
Investment mgmt$87K18.5%
Other / not subdivided$135K28.8%

% of EOY assets

0.389%

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: KCOE ISOM, LLP
Auditor EIN: 942222122
Audit fees: $26,326
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,941

$76,209-59.4%

$81,370-62.0%

$200,096-84.5%

Participation rate

95.6%

76.4%+19.2pp

69.5%+26.0pp

72.0%+23.6pp

Annual return

10.88%

15.55%-4.7pp

24.85%-14.0pp

34.26%-23.4pp

Employer contribution / active EE

$1,950

$2,807-30.5%

$2,464-20.9%

$3,038-35.8%

Participant deferral / active EE

$2,880

$4,210-31.6%

$3,885-25.9%

$5,090-43.4%

Admin fee / account holder

$120

$146-17.6%

$5,749-97.9%

$269-55.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$247,433

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 06-1050034

401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$82,595

KCOE ISOM, LLP2 years

Filed as: KCOE ISOM LLP

Service code 10

PO BOX 875125 · KANSAS CITY, MO 64187

Accounting

$26,326

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,173

RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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