Retirement plan

EMPLOYEE BENEFIT PLAN OF TEIXEIRA FARMS, INC.

Name: TEIXEIRA FARMS, INC. - EMPLOYEE BENEFIT PLAN OF TEIXEIRA FARMS, INC. (2020) Form 5500
Creator: TEIXEIRA FARMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF TEIXEIRA FARMS, INC., TEIXEIRA FARMS, INC.

TEIXEIRA FARMS, INC.EIN 95-2672970Plan #001PY 2020

2600 BONITA LATERAL RD - SANTA MARIA, CA 934589703805-928-3801teixeirafarms.comLinkedIn11-50 employeesfarming

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.5M

+11.1% from 2019

Total participants

0.0% from 2019

Average account balance

$91,803

+13.4% from 2019

Annual return

12.76%

-7.47 pp from 2019

Benchmarks

See 1,943 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,943 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.07M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

123.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3745

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

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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 codes2F2G2T3D

Plan features

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.
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

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

$245K

$5974 / participant

Other / not subdivided$245K100.0%

% of EOY assets

5.445%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,803

$64,324+42.7%

$118,925-22.8%

$79,858+15.0%

Participation rate

95.1%

64.9%+30.3pp

75.4%+19.7pp

69.6%+25.5pp

Annual return

12.76%

86.45%-73.7pp

35.88%-23.1pp

31.71%-19.0pp

Employer contribution / active EE

$1,472

$1,836-19.8%

$3,263-54.9%

$2,471-40.4%

Participant deferral / active EE

$2,880

$2,824+2.0%

$4,265-32.5%

$3,740-23.0%

Admin fee / account holder

$4,998

$4,040+23.7%

$6,581-24.0%

$5,306-5.8%

EMPLOYEE BENEFIT PLAN OF TEIXEIRA FARMS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF TEIXEIRA FARMS, INC.

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