Retirement plan

WESTERN GROWERS EMPLOYEE SAVINGS PLAN

Name: WESTERN GROWERS ASSOCIATION - WESTERN GROWERS EMPLOYEE SAVINGS PLAN (2019) Form 5500
Creator: WESTERN GROWERS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN GROWERS EMPLOYEE SAVINGS PLAN, WESTERN GROWERS ASSOCIATION

WESTERN GROWERS ASSOCIATIONEIN 95-1362030Plan #335PY 2019

15525 SAND CANYON - IRVINE, CA 926183114949-863-1000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$54.5M

+12.9% from 2018

Total participants

541

+4.6% from 2018

Average account balance

$105,476

+7.0% from 2018

Annual return

21.15%

+24.96 pp from 2018

Benchmarks

See 252 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2019

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.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 8-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.

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
WESTERN GROWERS FINANCIAL SERVICES5+ years Service code 27 · EIN 91-2038676	Advisory (Plan)	$126,458
AMERICAN UNITED LIFE INSURANCE CO5+ years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$71,996
WESTERN GROWERS ASSOCIATION5+ years Service code 13 · EIN 95-3628301	Contract Administrator	$64,349
RAUB BROCK CAPITAL MANAGEMENT5+ years Service code 28 · EIN 27-2620760	Investment Management	$32,598
WRIGHT FORD YOUNG & CO5+ years Filed as: WRIGHT FORD YOUNG & COMPANY Service code 10 · EIN 95-3288054	Accounting	$15,638
JP MORGAN INVESTMENT MANAGEMENT INC5+ years Filed as: LATEEF INVESTMENT MANAGEMENT Service code 28 · EIN 94-6330378	Investment Management	$10,614
RBC GLOBAL ASSET MANAGEMENT2 years Filed as: CITY NATIONAL BANK Service code 62 · EIN 95-1780067	Float revenue	$0
MATRIX TRUST COMPANY3 years Service code 18 · EIN 75-3182674	Custodial (securities); Trustee (dire...	$0
MATRIX TRUST COMPANY2 years Filed as: MSCS FINANCIAL SVCS DIV BROADRIDGE Service code 59 · EIN 33-1151291	Shareholder Servicing	$0
US BANK2 years Service code 62 · EIN 41-0255900	Float revenue	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$253K

$586 / participant

Investment mgmt$105K41.6%
Contract admin$64K25.4%
Other / not subdivided$83K33.0%

% of EOY assets

0.464%

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: WRIGHT FORD YOUNG & COMPANY
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,476

$124,414-15.2%

$115,157-8.4%

$67,579+56.1%

Participation rate

94.4%

58.1%+36.4pp

75.9%+18.5pp

71.3%+23.2pp

Annual return

21.15%

29.40%-8.3pp

35.60%-14.5pp

378.56%-357.4pp

Employer contribution / active EE

$5,797

$1,454+298.6%

$3,179+82.4%

$2,148+169.9%

Participant deferral / active EE

$4,578

$2,331+96.4%

$4,168+9.8%

$3,539+29.4%

Admin fee / account holder

$490

$361+35.5%

$7,088-93.1%

$142+244.1%

Provider

Service type

Compensation

WESTERN GROWERS FINANCIAL SERVICES5+ years

Service code 27 · EIN 91-2038676

Advisory (Plan)

$126,458

AMERICAN UNITED LIFE INSURANCE CO5+ years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$71,996

WESTERN GROWERS ASSOCIATION5+ years

Service code 13 · EIN 95-3628301

Contract Administrator

$64,349

RAUB BROCK CAPITAL MANAGEMENT5+ years

Service code 28 · EIN 27-2620760

Investment Management

$32,598

WRIGHT FORD YOUNG & CO5+ years

Filed as: WRIGHT FORD YOUNG & COMPANY

Service code 10 · EIN 95-3288054

Accounting

$15,638

JP MORGAN INVESTMENT MANAGEMENT INC5+ years

Filed as: LATEEF INVESTMENT MANAGEMENT

Service code 28 · EIN 94-6330378

Investment Management

$10,614

RBC GLOBAL ASSET MANAGEMENT2 years

Filed as: CITY NATIONAL BANK

Service code 62 · EIN 95-1780067

Float revenue

MATRIX TRUST COMPANY3 years

Service code 18 · EIN 75-3182674

Custodial (securities); Trustee (dire...

MATRIX TRUST COMPANY2 years

Filed as: MSCS FINANCIAL SVCS DIV BROADRIDGE

Service code 59 · EIN 33-1151291

Shareholder Servicing

US BANK2 years

Service code 62 · EIN 41-0255900

Float revenue

WESTERN GROWERS EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN GROWERS EMPLOYEE SAVINGS 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