Plan Ledger DOL Form 5500 · updated monthly

Western Growers Association401(k)

WESTERN GROWERS RETIREMENT SECURITY PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Western Growers Association reported $676,565 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,156 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 0.56% to 0.49%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 720th-largest of 9,483 plans among California employers on file, and the 26th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has shrunk from 1,779 to 1,566 since 2022.

Plan summary
Net assets, end of year$145,273,390
Participants with balances427
Active participants1,566
Employer contributions$4,941,962
Employee contributions$5,017,563
Employer contribution per active participant$3,156
Average account balance$340,219
Benefits paid to participants$12,950,371
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$145.3M · 427 accts · $4.9M emplr
2023$129.4M · 1,391 accts · $4.5M emplr
2022$109.3M · 1,270 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$221,381
Investment management$306,022
Audit (IQPA)$52,500
Trustee / custodial$55,370
Total administrative$676,565
The Western Growers Association 401(k) match · 2024
Employer contribution per active participant$3,156
Median for plans this size$3,635
2024$3,156 per active participant
2023$2,536 per active participant
2022$2,412 per active participant

Western Growers Association's 2024 employer contribution ran below the $3,635 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 · 20248
NWPS · Recordkeeping · Consulting$124,521
WESTERN GROWERS FINANCIAL SERVICES · Investment advisory (participants) · Investment advisory (plan)$150,207
RAUB BROCK CAPITAL MANAGEMENT · Investment management$102,636
WESTERN GROWERS ASSOCIATION · Contract administrator · Plan administrator$70,094
TRAN CAPITAL MANAGEMENT L.P. · Investment management$55,084
MOSS ADAMS LLP · Accounting / audit$52,500
CHARLES SCHWAB TRUST BANK · Custodial (securities)$52,477
ALTA TRUST COMPANY · Trustee · Valuation$25,000

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

Recordkeeper by year2
2024NWPS
2023NWPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$676,565 · 0.49%
2023$556,205 · 0.47%
2022$612,438 · 0.56%
All plans at this employer2
WESTERN GROWERS EMPLOYEE SAVINGS PLAN401(k)
WESTERN GROWERS RETIREMENT SECURITY PLAN401(k)
Similar plansAgriculture, Forestry & Fishing · California
Olam Americas, Inc. CA$175.6M · 0.12%
Driscoll's, Inc. CA$170.1M · 0.02%
Morning Star Company CA$90.6M · 0.11%
Wm. Bolthouse Farms, Inc. CA$89.0M · 0.29%
Sakata Seed America, Inc. CA$76.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951362030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.