Plan Ledger DOL Form 5500 · updated monthly

California Artichoke & Vegetable Growers Corporation401(k)

CALIFORNIA ARTICHOKE & VEGETABLE GROWERS CORPORATION DBA OCEAN MIST FARMS 401(K) & PROFIT SHARING PLAN · CASTROVILLE, CA · plan year 2023

Reported admin expense ratio · 2023
0.14%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

California Artichoke & Vegetable Growers Corporation reported $55,967 in plan administrative expenses for 2023: 0.14% of average plan assets, below the peer median. Employer contributions averaged $1,343 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.18% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 2,120th-largest of 9,483 plans among California employers on file, and the 113th of 945 in agriculture, forestry & fishing. In 2023, employees put in $5.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,455,570
Participants with balances341
Active participants290
Employer contributions$389,328
Employee contributions$2,059,448
Employer contribution per active participant$1,343
Average account balance$118,638
Benefits paid to participants$6,112,692
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.4M · 337 accts · $396K emplr
2023$40.5M · 341 accts · $389K emplr
2022$38.6M · 348 accts · $359K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$28,592
Investment management$10,093
Total administrative$55,967
The California Artichoke & Vegetable Growers Corporation 401(k) match · 2023
Employer contribution per active participant$1,343
Median for plans this size$2,440
2024$1,429 per active participant
2023$1,343 per active participant
2022$1,212 per active participant

California Artichoke & Vegetable Growers Corporation's 2023 employer contribution ran below the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,592
SAGEVIEW ADVISORY GROUP LLC · Consulting$12,242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,093
MOSS ADAMS LLP · Consulting$5,040

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$80,252 · 0.20%
2023$55,967 · 0.14%
2022$65,923 · 0.18%
Same employer
Similar plansAgriculture, Forestry & Fishing · California
Big Creek Lumber Company CA$49.2M · 0.05%
Monrovia Nursery Company CA$45.0M · 0.30%
Monterey Mushrooms, LLC CA$38.1M · 0.31%
Harris Farms, Inc. CA$36.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940355910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.