Plan Ledger DOL Form 5500 · updated monthly

Monterey Mushrooms, LLC401(k)

MONTEREY MUSHROOMS 401(K) PLAN · WATSONVILLE, CA · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

Monterey Mushrooms, LLC reported $114,025 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $315 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 fell from 0.34% to 0.29%. 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 2,225th-largest of 9,483 plans among California employers on file, and the 123rd of 945 in agriculture, forestry & fishing. In 2023, employees put in $6.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,085,831
Participants with balances576
Active participants1,294
Employer contributions$407,904
Employee contributions$2,445,552
Employer contribution per active participant$315
Average account balance$66,121
Benefits paid to participants$4,928,390
Plan auditUnmodified (clean) audit opinion
AuditorSILICON VALLEY ACCOUNTACY CORP.
Plan history3
Yearassets · accounts · employer contribution
2024$35.5M · 476 accts · $294K emplr
2023$38.1M · 576 accts · $408K emplr
2022$36.0M · 612 accts · $411K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,057
Investment management$59,968
Total administrative$114,025
The Monterey Mushrooms, LLC 401(k) match · 2023
Employer contribution per active participant$315
Median for plans this size$2,440
2024$350 per active participant
2023$315 per active participant
2022$287 per active participant

Monterey Mushrooms, LLC's 2023 employer contribution ran below the $2,440 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 · 20233
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$59,968
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$54,057
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$107,487 · 0.29%
2023$114,025 · 0.31%
2022$136,676 · 0.34%
Same employer
Similar plansAgriculture, Forestry & Fishing · California
Big Creek Lumber Company CA$49.2M · 0.05%
Monrovia Nursery Company CA$45.0M · 0.30%
Harris Farms, Inc. CA$36.8M · 0.02%
Valley Fresh Foods, Inc. CA$32.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770185497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.