Retirement plan

TANIMURA & ANTLE, INC. PROFIT SHARING 401(K) PLAN

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

TANIMURA & ANTLE INC.EIN 94-2906792Plan #002PY 2023

1 HARRIS ROAD, PO. BOX 4070. - SALINAS, CA 93908800-772-4542taproduce.comLinkedIn5001-10000 employeesfood production

Other plans on this EIN

1 filing

#003Retirement-$169.0M assets

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed April 4, 2018 (most recent of 2 filings on file)

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Total assets (EOY)

$109.2M

-8.4% from 2016

Total participants

6,718

-21.4% from 2016

Average account balance

$54,906

-6.8% from 2016

Annual return

13.24%

-7.85 pp from 2016

Benchmarks

See 1,192 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,192 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$121.64M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

2,087

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$166,454
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$26,703
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR Service code 10 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523	Accounting	$21,105
HAYASHI & WAYLAND2 years Filed as: HAYASHI & WAYLAND ACCOUNTING & CONS Service code 10 · EIN 20-1939256	Accounting	$18,250
CONCURRENT INVESTMENT ADVISORS LLC1 year Service code 27 100 SOUTH ASHLEY DR · TAMPA, FL 33602	Advisory (Plan)	$13,297

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$200K

$31 / participant

Recordkeeping$121K60.4%
Investment mgmt$58K29.1%
Other / not subdivided$21K10.5%

% of EOY assets

0.184%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: $21,105
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,906

$103,657-47.0%

$112,234-51.1%

$103,657-47.0%

Participation rate

26.7%

73.4%-46.7pp

72.4%-45.7pp

73.4%-46.7pp

Annual return

13.24%

33.13%-19.9pp

30.25%-17.0pp

33.13%-19.9pp

Employer contribution / active EE

$430

$3,216-86.6%

$3,432-87.5%

$3,216-86.6%

Participant deferral / active EE

$726

$5,218-86.1%

$4,800-84.9%

$5,218-86.1%

Admin fee / account holder

$101

$114-11.7%

$7,752-98.7%

$114-11.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$166,454

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES

Service code 27

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$26,703

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR

Service code 10

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523

Accounting

$21,105

HAYASHI & WAYLAND2 years

Filed as: HAYASHI & WAYLAND ACCOUNTING & CONS

Service code 10 · EIN 20-1939256

Accounting

$18,250

CONCURRENT INVESTMENT ADVISORS LLC1 year

Service code 27

100 SOUTH ASHLEY DR · TAMPA, FL 33602

Advisory (Plan)

$13,297

TANIMURA & ANTLE, INC. PROFIT SHARING 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TANIMURA & ANTLE, INC. PROFIT SHARING 401(K) PLAN

Top hat statement on fileNQDC

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