Retirement plan

WESTERN GROWERS PENSION TRUST PLAN A

Name: WESTERN GROWERS PENSION TRUST PLAN A - WESTERN GROWERS PENSION TRUST PLAN A (2023) Form 5500
Creator: WESTERN GROWERS PENSION TRUST PLAN A
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN GROWERS PENSION TRUST PLAN A, WESTERN GROWERS PENSION TRUST PLAN A

WESTERN GROWERS PENSION TRUST PLAN AEIN 95-6035245Plan #001PY 2023

844 SEWARD ST - LOS ANGELES, CA 900383602323-993-8815

Prospect flagsHigh retiree %High cashWind-down / frozen

How to read this page

Total assets (EOY)

$929K

-13.1% from 2022

Total participants

1,680

-4.7% from 2022

Average account balance

No prior year

Annual return

257.30%

-50.78 pp from 2022

Benchmarks

See 356 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined benefit

Participants<25

Cohort356 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$878K

Not enough data

1 years with asset history on file

Average account balance

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

$523

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.

1,680

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.

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

+286.78%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.5 years Filed as: BENEFIT PLANS, INC. Service code 13 · EIN 95-4654044 844 SEWARD STREET · LOS ANGELES, CA 90038	Contract Administrator	$236,613
KKAJ6 years Service code 10 · EIN 46-3462919 27200 TURNEY ROAD · VALENCIA, CA 91355	Accounting	$10,890
RAEL & LETSON1 year Filed as: RAEL & LAETSON Service code 11 · EIN 94-1701048 DEPT LA 24736 · PASADENDA, CA 91185	Actuarial	$2,000
SLEVIN & HART, P.C.5 years Filed as: SLEVIN & HART Service code 29 1625 MASSACHUSETTS AVE NW · WASHINGTON, DC 20036	Legal	$1,733
WILLIAM J. GRIMM5 years Service code 25 · EIN 46-4049785 1270 NORTHLAND DRIVE · ST. PAUL, MN 55120	Directed Trustee	$438

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1H1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1H
PBGC terminated and closed out plan
Plan covered by PBGC that was terminated and closed out for PBGC purposes (standard or distress termination with distribution of plan assets or trustee appointed under ERISA section 4042).

Opportunity flags

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$280K

Legal$2K0.6%
Actuarial$2K0.7%
Other trustee fees$4380.2%
Contract admin$237K84.4%
Other / not subdivided$40K14.2%

% of EOY assets

30.185%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KKAJ
Auditor EIN: 463462919
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$381,452-100.0%

$287,034-100.0%

Participation rate

0.0%

60.0%-60.0pp

33.3%-33.3pp

55.9%-55.9pp

Annual return

257.30%

8.63%+248.7pp

7.47%+249.8pp

24.44%+232.9pp

Employer contribution / active EE

$53,313-100.0%

$44,557-100.0%

$41,341-100.0%

Participant deferral / active EE

$147-100.0%

$182-100.0%

$55-100.0%

Admin fee / account holder

$3,849-100.0%

$22,013-100.0%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.5 years

Filed as: BENEFIT PLANS, INC.

Service code 13 · EIN 95-4654044

844 SEWARD STREET · LOS ANGELES, CA 90038

Contract Administrator

$236,613

KKAJ6 years

Service code 10 · EIN 46-3462919

27200 TURNEY ROAD · VALENCIA, CA 91355

Accounting

$10,890

RAEL & LETSON1 year

Filed as: RAEL & LAETSON

Service code 11 · EIN 94-1701048

DEPT LA 24736 · PASADENDA, CA 91185

Actuarial

$2,000

SLEVIN & HART, P.C.5 years

Filed as: SLEVIN & HART

Service code 29

1625 MASSACHUSETTS AVE NW · WASHINGTON, DC 20036

Legal

$1,733

WILLIAM J. GRIMM5 years

Service code 25 · EIN 46-4049785

1270 NORTHLAND DRIVE · ST. PAUL, MN 55120

Directed Trustee

$438

WESTERN GROWERS PENSION TRUST PLAN A

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN GROWERS PENSION TRUST PLAN A

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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