Plan Ledger DOL Form 5500 · updated monthly

Mission Produce, Inc.401(k)

THE MISSION PRODUCE, INC. 401(K) SAVINGS PLAN · OXNARD, CA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Mission Produce, Inc. reported $88,088 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,323 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 0.16% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,456th-largest of 9,483 plans among California employers on file, and the 1,217th of 4,246 in wholesale trade. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 405 to 476 since 2022.

Plan summary
Net assets, end of year$33,823,218
Participants with balances328
Active participants476
Employer contributions$1,105,685
Employee contributions$2,306,217
Employer contribution per active participant$2,323
Average account balance$103,120
Benefits paid to participants$1,728,070
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 328 accts · $1.1M emplr
2023$27.8M · 319 accts · $1.0M emplr
2022$22.7M · 307 accts · $976K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,794
Investment management$58,294
Total administrative$88,088
The Mission Produce, Inc. 401(k) match · 2024
Employer contribution per active participant$2,323
Median for plans this size$2,416
2024$2,323 per active participant
2023$2,207 per active participant
2022$2,410 per active participant

Mission Produce, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERCER INVESTMENT MANAGEMENT INC · Investment advisory (plan)$42,366
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,794
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,928

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$88,088 · 0.29%
2023$72,416 · 0.29%
2022$39,026 · 0.16%
Same employer
Similar plansWholesale Trade · California
World Variety Produce, Inc. CA$34.6M · 0.02%
Synamedia Americas LLC CA$34.5M · 0.05%
Roland Corporation U.S. CA$34.3M · 0.36%
Pentland USA, Inc. CA$33.5M · 0.29%
Mad Engine Global, LLC CA$33.3M · 0.36%
Motive Energy, Inc CA$33.2M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953847744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.