Retirement plan

SHASTA PRODUCE 401(K) PROFIT SHARING PLAN

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

ANDRIGHETTO PRODUCE, INC. DBA SHASTA PRODUCEEIN 94-2992661Plan #001PY 2024

P.O. BOX 2328 - SOUTH SAN FRANCISCO, CA 94083650-588-0930LinkedIn51-200 employeescomputer software

Prospect flagsLow returnsHigh feesLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.9M

+7.6% from 2023

Total participants

149

+0.7% from 2023

Average account balance

$138,850

+23.4% from 2023

Annual return

7.47%

-4.55 pp from 2023

Benchmarks

See 2,352 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,352 peers

Snapshot2024

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$17.91M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

129

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$426K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$476

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 27 · EIN 33-0818667	Advisory (Plan)	$17,592
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$5,771

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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$61K

$472 / participant

Recordkeeping$44K71.3%
Other / not subdivided$18K28.7%

% of EOY assets

0.343%

all-in expense ratio

Categories reported

1 / 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: ELSENER AND ELSENER LLP
Auditor EIN: 680038828
Audit fees: $0
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,850

$88,087+57.6%

$164,866-15.8%

$74,546+86.3%

Participation rate

84.6%

73.1%+11.5pp

78.6%+6.0pp

67.2%+17.4pp

Annual return

7.47%

17.27%-9.8pp

69.97%-62.5pp

1366.03%-1358.6pp

Employer contribution / active EE

$2,595-100.0%

$4,343-100.0%

$2,624-100.0%

Participant deferral / active EE

$3,278

$4,499-27.1%

$6,033-45.7%

$4,347-24.6%

Admin fee / account holder

$476

$2,232-78.7%

$12,689-96.3%

$1,944-75.5%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 27 · EIN 33-0818667

Advisory (Plan)

$17,592

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$5,771

SHASTA PRODUCE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHASTA PRODUCE 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