Retirement plan

VENTURA PACIFIC COMPANY 401(K) SAVINGS PLAN AND TRUST

Name: VENTURA PACIFIC COMPANY - VENTURA PACIFIC COMPANY 401(K) SAVINGS PLAN AND TRUST (2022) Form 5500
Creator: VENTURA PACIFIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VENTURA PACIFIC COMPANY 401(K) SAVINGS PLAN AND TRUST, VENTURA PACIFIC COMPANY

VENTURA PACIFIC COMPANYEIN 95-3057749Plan #001PY 2022

245 E. COLONIA ROAD - OXNARD, CA 930316986805-385-3345venturapacific.comLinkedIn51-200 employeesfarming

Prospect flagsHigh retiree %Failed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.4M

-20.3% from 2021

Total participants

104

-13.3% from 2021

Average account balance

$35,289

-8.8% from 2021

Annual return

-13.57%

-22.62 pp from 2021

Benchmarks

See 2,278 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.34M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$449K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7925

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

Top 3 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC4 years Service code 27 · EIN 33-0905143 120 VANTIS DR, STE 400 · ALISO VIEJO, CA 92656	Advisory (Plan)	$18,604
TRANSAMERICA RETIREMENT SOLUTIONS7 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 150 OLIVE ST. · LOS ANGELES, CA 90015	Recordkeeping	$3,048
CBIZ RETIREMENT PLAN SERVICES6 years Filed as: CBIZ RETIREMENT PLAN SERVICES, INC. Service code 15 · EIN 31-1582098 2377 CRENSHAW BLVD, SUITE 350 · TORRANCE, CA 90501	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$51 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,289

$56,339-37.4%

$104,301-66.2%

$68,486-48.5%

Participation rate

88.3%

63.3%+25.1pp

73.3%+15.1pp

67.9%+20.4pp

Annual return

-13.57%

-9.19%-4.4pp

24.61%-38.2pp

-7.85%-5.7pp

Employer contribution / active EE

$1,967

$1,960+0.4%

$3,373-41.7%

$2,597-24.2%

Participant deferral / active EE

$5,280

$3,077+71.6%

$4,626+14.1%

$4,028+31.1%

Admin fee / account holder

$31

$4,902-99.4%

$7,340-99.6%

$5,404-99.4%

Provider

Service type

Compensation

NFP RETIREMENT INC4 years

Service code 27 · EIN 33-0905143

120 VANTIS DR, STE 400 · ALISO VIEJO, CA 92656

Advisory (Plan)

$18,604

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

150 OLIVE ST. · LOS ANGELES, CA 90015

Recordkeeping

$3,048

CBIZ RETIREMENT PLAN SERVICES6 years

Filed as: CBIZ RETIREMENT PLAN SERVICES, INC.

Service code 15 · EIN 31-1582098

2377 CRENSHAW BLVD, SUITE 350 · TORRANCE, CA 90501

Recordkeeping

VENTURA PACIFIC COMPANY 401(K) SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VENTURA PACIFIC COMPANY 401(K) SAVINGS PLAN AND TRUST

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