Plan Ledger DOL Form 5500 · updated monthly

Custom Produce Sales401(k)

CUSTOM PRODUCE SALES 401K PROFIT SHARING PLAN · PARLIER, CA · plan year 2023

Reported admin expense ratio · 2023
1.25%

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

Custom Produce Sales reported $56,975 in plan administrative expenses for 2023: 1.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 1.09% to 1.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (7,097th of 9,483), and 3,677th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$4,704,272
Participants with balances119
Active participants8
Employer contributions$0
Employee contributions$66,301
Employer contribution per active participant$0
Average account balance$39,532
Benefits paid to participants$136,000
Plan auditUnmodified (clean) audit opinion
AuditorBAKER, CHI & PARKEY
Plan history2
Yearassets · accounts · employer contribution
2023$4.7M · 119 accts
2022$4.4M · 217 accts · $51K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,695
Investment management$29,580
Total administrative$56,975
The Custom Produce Sales 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Custom Produce Sales's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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 · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$775

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

Administrative cost history2
2023$56,975 · 1.25%
2022$51,869 · 1.09%
Similar plansWholesale Trade · California
So. Cal. Sandbags, Inc. CA$4.9M · 0.58%
Cumming Chevrolet CA$4.8M · 1.10%
Snyder-Diamond CA$4.8M · 0.09%
R. W. Zant Company CA$4.7M · 0.18%
Innovation Specialties CA$4.7M · 1.04%
Quay Australia CA$4.6M · 2.45%
Zagami, Inc. CA$4.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770401385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.