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Benchmarking Rancho Foods, Inc. 401(K) & Profit Sharing Plan in Vernon, CA against
good (6)
neutral (1)
Of all the 140 plans whose industry group is Grocery and Related Product Merchant Wholesalers, only Rancho Foods, Inc. 401(K) & Profit Sharing Plan in Vernon, CA has both such a high average account balance ($44,724) and such a high net income per total participant ($324.50).
So, any other plan with as high an average account balance also has lower net income per total participant. Likewise, any other plan with as high a net income per total participant also has lower average account balance.
Note: average account balance = total assets ÷ total participants
Rancho Foods, Inc. 401(K) & Profit Sharing Plan has these standings among those 140 peer plans:
Note: net income per total participant = net income ÷ total participants
Rancho Foods, Inc. 401(K) & Profit Sharing Plan has these standings among those 140 peer plans:
So, any other plan with as high an average account balance also has lower net income per total participant. Likewise, any other plan with as high a net income per total participant also has lower average account balance.
Note: average account balance = total assets ÷ total participants
Rancho Foods, Inc. 401(K) & Profit Sharing Plan has these standings among those 140 peer plans:
- average account balance = $44,724 (16th-highest)
- total assets = $6,976,929 (29th-most)
- total participants = 156 (44th-fewest)
Note: net income per total participant = net income ÷ total participants
Rancho Foods, Inc. 401(K) & Profit Sharing Plan has these standings among those 140 peer plans:
- net income per total participant = $324.50 (15th-highest)
- net income = $50,615 (18th-highest)
- total participants = 156 (44th-fewest)
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- net income per total participant. Higher values are better. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Rancho Foods, Inc. 401(K) & Profit Sharing Plan in Vernon, CA is in California, its EIN is 953673625, its industry group is Grocery and Related Product Merchant Wholesalers, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 424400, has 100 to 499 total participants, is better than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, yield on beginning-of-plan-year total assets, and diversity of asset types (5 total), is better than the overall participant averages in each of net income per total participant, average account balance, employer contributions per active participant, and total administrative expense per participant (4 total), and is lower than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
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Numeric values:
- net assets (assets minus liabilities) ($7.00M)
- total assets ($6,976,929)
- total assets at beginning of plan year ($6,926,314)
- value of interest in pooled separate accounts ($4,682,233)
- value of funds held in insurance company general account (unallocated contracts) ($2,294,696)
- total contributions ($1,134,192)
- cash contributions from employers ($726,441)
- cash contributions from participants ($362,956)
- total income ($247,322)
- total expenses ($196,707)
- net income ($50,615)
- average account balance ($44,724)
- average employer+participant cash contribution per active participant ($8,786)
- average employer cash contribution per active participant ($5,858)
- average participant cash contribution per active participant ($2,927)
- contract administrator fees ($1,352)
- total administrative expenses ($1,352)
- net income per total participant ($324.50)
- total administrative expense per participant ($8.67)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- participant loans ($0)
- value of interest in common/collective trusts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- earnings on investments (-$886,870)
- net earnings on investments (-$886,870)
- percentage of active participants (79.5%)
- diversity of asset types (19.9%)
- growth in total assets during the plan year (0.7%)
- total administrative expense ratio (0.019%)
- participant loans as a percentage of plan assets (0.00%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-12.80%)
- active participants (124)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (155)
- other retired or separated participants entitled to future benefits (31)
- retired or separated participants receiving benefits (0)
- total participants (156)
Global References