Retirement plan

MELKONIAN ENTERPRISES, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: MELKONIAN ENTERPRISES, INC. - MELKONIAN ENTERPRISES, INC. EMPLOYEES' PROFIT SHARING PLAN (2024) Form 5500
Creator: MELKONIAN ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MELKONIAN ENTERPRISES, INC. EMPLOYEES' PROFIT SHARING PLAN, MELKONIAN ENTERPRISES, INC.

MELKONIAN ENTERPRISES, INC.EIN 94-6336882Plan #001PY 2024

2730 S. DEWOLF - SANGER, CA 93657559-485-6191cal-fruit.comLinkedIn51-200 employeesfarming

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

+14.5% from 2023

Total participants

-3.8% from 2023

Average account balance

$134,103

+19.4% from 2023

Annual return

18.55%

+25.35 pp from 2023

Benchmarks

See 2,338 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,338 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.30M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

130.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

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

+18.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8021

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$377K

$10472 / participant

Other / not subdivided$377K100.0%

% of EOY assets

5.982%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,103

$68,878+94.7%

$120,574+11.2%

$80,935+65.7%

Participation rate

91.7%

61.7%+30.0pp

71.9%+19.7pp

67.7%+24.0pp

Annual return

18.55%

23.67%-5.1pp

107.42%-88.9pp

35.66%-17.1pp

Employer contribution / active EE

$884

$2,065-57.2%

$3,471-74.5%

$2,757-67.9%

Participant deferral / active EE

$1,500

$3,189-53.0%

$4,996-70.0%

$4,299-65.1%

Admin fee / account holder

$8,021

$5,782+38.7%

$9,445-15.1%

$6,924+15.8%

MELKONIAN ENTERPRISES, INC. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MELKONIAN ENTERPRISES, INC. EMPLOYEES' 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