Retirement plan

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

Name: RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN - RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN
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. 401(K) PROFIT SHARING PLAN

RUIZ FOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLANEIN 94-1626717Plan #003PY 2022

501 S. ALTA AVENUE, PO BOX 37 - DINUBA, CA 936182100559-591-5510

Prospect flagsFailed 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)

$97.3M

-13.9% from 2021

Total participants

2,137

-43.3% from 2021

Average account balance

$45,551

-9.5% from 2021

Annual return

-15.90%

-27.21 pp from 2021

Benchmarks

See 235 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort235 peers

Snapshot2022

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

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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 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Service code 13 · EIN 06-1050034	Contract Administrator	$239,333
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$73,560
KCOE ISOM, LLP3 years Service code 10 · EIN 48-0567703	Accounting	$18,500

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

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

$340K

$186 / participant

Investment mgmt$74K21.6%
Contract admin$239K70.4%
Other / not subdivided$27K8.0%

% of EOY assets

0.349%

all-in expense ratio

Categories reported

2 / 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: KCOE ISOM, LLP
Auditor EIN: 942222122
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,551

$61,756-26.2%

$70,092-35.0%

$77,904-41.5%

Participation rate

100.0%

79.9%+20.1pp

70.5%+29.5pp

73.7%+26.3pp

Annual return

-15.90%

-11.86%-4.0pp

190.73%-206.6pp

12.21%-28.1pp

Employer contribution / active EE

$2,185

$2,706-19.3%

$2,559-14.6%

$2,848-23.3%

Participant deferral / active EE

$3,727

$3,977-6.3%

$3,849-3.2%

$4,806-22.5%

Admin fee / account holder

$159

$101+57.1%

$6,267-97.5%

$133+20.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Service code 13 · EIN 06-1050034

Contract Administrator

$239,333

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$73,560

KCOE ISOM, LLP3 years

Service code 10 · EIN 48-0567703

Accounting

$18,500

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