Retirement plan

CANTON FOOD CO. PROFIT SHARING PLAN

Name: CANTON FOOD CO. - CANTON FOOD CO. PROFIT SHARING PLAN (2024) Form 5500
Creator: CANTON FOOD CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANTON FOOD CO. PROFIT SHARING PLAN, CANTON FOOD CO.

CANTON FOOD CO.EIN 95-3390500Plan #001PY 2024

750 S ALAMEDA ST - LOS ANGELES, CA 90021213-688-7707cantonfoodco.comLinkedIn11-50 employeeswarehousing

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$6.4M

+21.6% from 2023

Total participants

123

+9.8% from 2023

Average account balance

$51,777

+10.7% from 2023

Annual return

17.53%

+0.64 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.37M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

123

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

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

+17.53%

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB Service code 27	Advisory (Plan)	$41,268
DOUGHERTY & COMPANY4 years Service code 10 · EIN 95-3871065 500 NORTH CENTRAL AVENUE SUITE 325 · GLENDALE, CA 91203	Accounting	$11,000
CALIFORNIA BENEFIT PLANNERS8 years Service code 17 · EIN 95-4568183 3738-3740 E COLORADO BLVD · PASADENA, CA 91107	Pension Consulting	$5,535

Plan features & details

Pension benefit codes2A2E3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$59K

$580 / participant

Investment mgmt$41K70.4%
Contract admin$6K10.0%
Other / not subdivided$11K19.6%

% of EOY assets

0.920%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOUGHERTY & COMPANY
Auditor EIN: 953871065
Audit fees: $11,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,777

$59,402-12.8%

$93,654-44.7%

$74,546-30.5%

Participation rate

100.0%

59.7%+40.3pp

68.7%+31.3pp

67.2%+32.8pp

Annual return

17.53%

81.86%-64.3pp

133.34%-115.8pp

1366.03%-1348.5pp

Employer contribution / active EE

$2,202

$1,265+74.1%

$2,421-9.0%

$2,624-16.1%

Participant deferral / active EE

$3,049-100.0%

$4,413-100.0%

$4,347-100.0%

Admin fee / account holder

$476

$3,023-84.2%

$8,282-94.2%

$1,944-75.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB

Service code 27

Advisory (Plan)

$41,268

DOUGHERTY & COMPANY4 years

Service code 10 · EIN 95-3871065

500 NORTH CENTRAL AVENUE SUITE 325 · GLENDALE, CA 91203

Accounting

$11,000

CALIFORNIA BENEFIT PLANNERS8 years

Service code 17 · EIN 95-4568183

3738-3740 E COLORADO BLVD · PASADENA, CA 91107

Pension Consulting

$5,535

CANTON FOOD CO. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANTON FOOD CO. 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