Plan Ledger DOL Form 5500 · updated monthly

Sun Pacific Shippers, LP401(k)

SUN PACIFIC 401(K) RETIREMENT SAVINGS PLAN · PASADENA, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Sun Pacific Shippers, LP reported $65,873 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,771 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 0.53% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 3,003rd-largest of 9,483 plans among California employers on file, and the 190th of 945 in agriculture, forestry & fishing. In 2024, the employer put in $2.35 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$25,990,435
Participants with balances1,637
Active participants1,558
Employer contributions$2,759,359
Employee contributions$1,174,586
Employer contribution per active participant$1,771
Average account balance$15,877
Benefits paid to participants$1,589,460
Plan auditUnmodified (clean) audit opinion
AuditorM. GREEN AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.0M · 1,637 accts · $2.8M emplr
2023$18.1M · 1,583 accts · $2.5M emplr
2022$13.2M · 1,737 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,873
Total administrative$65,873
The Sun Pacific Shippers, LP 401(k) match · 2024
Employer contribution per active participant$1,771
Median for plans this size$2,416
2024$1,771 per active participant
2023$1,656 per active participant
2022$1,338 per active participant

Sun Pacific Shippers, LP'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$65,873

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$65,873 · 0.30%
2023$68,787 · 0.44%
2022$69,904 · 0.53%
Same employer
Similar plansAgriculture, Forestry & Fishing · California
Church Brothers, LLC CA$27.5M · 0.11%
Kern Machinery, Inc. CA$27.5M · 0.36%
California Giant, Inc. CA$26.6M · 0.31%
Limoneira Company CA$26.4M · 0.36%
Califia Farms, LLC CA$25.9M · 0.54%
Henry Avocado Corporation CA$22.5M · 0.00%
Braga Ranch, Inc. CA$22.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770570025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.