Retirement plan

LA TAPATIA TORTILLERIA INC 401(K) PROFIT SHARING PLAN & TRUST

Name: LA TAPATIA TORTILLERIA INC - LA TAPATIA TORTILLERIA INC 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: LA TAPATIA TORTILLERIA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LA TAPATIA TORTILLERIA INC 401(K) PROFIT SHARING PLAN & TRUST, LA TAPATIA TORTILLERIA INC

LA TAPATIA TORTILLERIA INCEIN 94-2292967Plan #001PY 2023

104 E BELMONT AVE. - FRESNO, CA 93701559-577-1297tortillas4u.comLinkedIn11-50 employeesfood production

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

+19.0% from 2022

Total participants

105

0.0% from 2022

Average account balance

$15,608

+27.6% from 2022

Annual return

14.03%

+32.81 pp from 2022

Benchmarks

See 2,614 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,614 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$104K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4359

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

Top 2 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$9,778
COMMONWEALTH FINANCIAL NETWORK4 years Service code 15 · EIN 04-2675571 29 SAWYER RD · WALTHAM, MA 02453	Recordkeeping	$6,596

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$217 / participant

Trustee / custodial$8604.2%
Investment mgmt$7K35.1%
Contract admin$13K60.7%

% of EOY assets

1.378%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,608

$59,123-73.6%

$77,183-79.8%

$75,181-79.2%

Participation rate

90.5%

63.9%+26.7pp

69.6%+20.9pp

67.2%+23.3pp

Annual return

14.03%

26.72%-12.7pp

37.89%-23.9pp

160.69%-146.7pp

Employer contribution / active EE

$1,996-100.0%

$2,534-100.0%

$2,671-100.0%

Participant deferral / active EE

$1,151

$2,999-61.6%

$3,833-70.0%

$4,126-72.1%

Admin fee / account holder

$215

$4,776-95.5%

$5,475-96.1%

$5,650-96.2%

Provider

Service type

Compensation

PAYCHEX, INC.4 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$9,778

COMMONWEALTH FINANCIAL NETWORK4 years

Service code 15 · EIN 04-2675571

29 SAWYER RD · WALTHAM, MA 02453

Recordkeeping

$6,596

LA TAPATIA TORTILLERIA INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LA TAPATIA TORTILLERIA INC 401(K) PROFIT SHARING PLAN & 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